One year after coming into force, Rera remains a work in progress

According to property consultancy firm Knight Frank, only 19 states and UTs have a functional portal in place, that too with a lot of information dissymmetry across data points

A year after coming into force, what the Real Estate(Regulation and Development) Act, 2016, or Rera, has achieved is that it has made buyers more aware anddevelopers cautious. 

The implementation of Rera, however, remains an issue, as majorities of the states are yet to implement it fully. Only three states — Maharashtra, Madhya Pradesh, and Punjab — have implemented full-time regulators under Rera, while 26 states are yet to appoint full-time regulators. A full-time regulator would have implemented the norms in an effective manner.

According to property consultancy firm Knight Frank, only 19 states and Union Territories (UTs) have a functional portal