The Real Estate (Regulation and Development) Act, 2016, RERA, was a paradigm shift for the real estate sector in India.
Watch now LawWiser’s latest video on the topic ‘RERA: Work in progress’, featuring Akhilesh Kumar – General Counsel at SGS Group in conversation with our host Avani Shukla. Watch Akhilesh share insights on the success of the Act, how it has it been an effective grievance redressal mechanism in the country. He also, shares what are the reforms that are required to stop the non-compliance issues relating to the Act.
He has further highlighted why the States have taken time to implement it. On this he shares, “it was the process of setting and the mechanism to deal with the consequences of the implementation of the Act, which took time to enact the Law”.