Homebuyers Collective Petitions Prime Minister to Overhaul RERA and Split Promoter Regulation from Consumer Safeguards
A prominent national association of real estate purchasers has formally appealed to the Prime Minister's Office to restructure the foundational framework of the Real Estate (Regulation and Development) Act. The proposed overhaul aims to eliminate inherent conflicts of interest by strictly dividing developmental promotion duties from consumer advocacy provisions.
- Association demands a major legislative restructuring of RERA to prioritize genuine buyer safety.
- Proposal emphasizes the urgent need to decouple real estate promotion from regulatory consumer protection.
- Call to action seeks direct intervention from the Prime Minister's Office to resolve long-standing systemic grievances.
NEW DELHI — A prominent coalition representing property purchasers nationwide has formally petitioned the Prime Minister to enact a sweeping structural overhaul of the Real Estate (Regulation and Development) Act (RERA), pressing for a complete legal separation between real estate promotion and consumer protection mandates.
Enacted to bring transparency and accountability to the notoriously opaque housing sector, RERA has faced mounting scrutiny over structural loopholes that critics argue dilute its original protective intent. Historically, state-level authorities tasked with safeguarding buyers have frequently found themselves balancing developmental promotion with punitive enforcement, leading to systemic delays in grievance redressal and persistent vulnerabilities for everyday investors.
According to investigative briefings published by the Times of India, the petitioners assert that true accountability can only be achieved by dividing the administrative machinery into distinct entities—one strictly dedicated to fostering industry growth and another operating exclusively as an empowered watchdog for consumer rights.
