Homebuyers Body Calls for RERA Recast, Wants Promotion Separated from Protection

The National Homebuyers Association has formally requested the Prime Minister to revisit and revise the Real Estate (Regulation and Development) Act (RERA). The body argues that the current framework conflates promotional incentives with consumer safeguards, potentially compromising buyer interests. It calls for a clear separation between promotional mechanisms and protective measures to enhance transparency and accountability in the housing market. The association anticipates that a revised RERA will better serve both developers and homebuyers by ensuring that promotional promises do not undermine regulatory protection.