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RERA - Hits And Misses

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Responding on a PIL , Supreme Court of India ebbed the  Central Govt to draft a 'Model Builder-Buyer Agreement' to safeguard the interests of the home buyer. The CJI to be DY Chandrachud is to hear the petition on November 28, sounding the importance of the bill. This has yet again put RERA under scrutiny and questioned the regulatory authority's efficacy. Is RERA doing enough to protect home buyers? This becomes all the more crucial coming on the backdrop of the recent infamous Supertech demolition.
What are some of the important judgements that underlined the shortcomings of RERA and paved the way for the Courts to enquire into its provisions? Top legal voices Varun K Chopra, Advocate, Supreme Court of India, Amit Kumar Kedia, Chartered Accountant and RERA Specialist, and Ishan Singh, an aggrieved unit holder who has dealt with RERA share their views on what needs to be done for proper implementation of RERA.

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