why rera is required in real estate

The real estate sector in India has long faced issues like project delays, lack of transparency, and unfair practices by certain developers. Why RERA is required in real estate becomes clear when considering the need to protect homebuyers and bring accountability to the industry. The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, was introduced to establish a regulatory framework that enforces fair practices, ensures timely delivery, and enhances buyer confidence.