What is the significance of the functioning of RERA according to the Supreme Court
Supreme Court expresses disappointment in the functioning of RERA.
- Supreme Court views RERA as a crucial legislation to protect homebuyers' rights and regulate the real estate sector.
- The court expressed disappointment in RERA's functioning, citing delays in resolving disputes and lack of enforcement of its orders.
- Supreme Court highlighted the need for effective implementation of RERA to ensure transparency, accountability, and efficiency in the real estate market.
- Inefficient functioning of RERA can undermine the trust of homebuyers and hinder the objective of providing a mechanism for timely resolution of disputes.
- The court's observations emphasize the importance of strengthening RERA's regulatory mechanisms and ensuring its effectiveness in safeguarding the interests of homebuyers.
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2 months ago