RERA: A law under construction
I am currently a desk editor at Forbes India who learnt the trade from ACJ and entered the world of financial journalism through The Economic Times in 2010. A confessed grammar Nazi and data sleuth, I play chess (with white pieces) and strum the guitar on weekends.
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The real estate (regulation and Development) Act (RERA) turned a year old on May 1. The establishment of real estate regulators was meant to address the grievances of home buyers, such as delays in projects. However, the implementation of the Act across India’s 28 states (the law is not applicable in Jammu & Kashmir) and seven Union Territories (UTs) is nowhere close to its desired goal:
(This story appears in the 25 May, 2018 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)
