No organisation can be given power beyond a limit. RERA should have learned to act within the power given to it. One of the structural weaknesses in the current system is that relief often remains limited only to those buyers who approach courts or authorities individually,” said S K Singh, a retired IAS officer who was in the MoHUA when RERA was being drafted and legislated.
He was a member of the Bihar RERA Tribunal.
Experts said that for any regulatory system to function effectively, the cost of violating the law must be significantly higher than the benefits derived from wrongdoing. In the real estate sector, however, this balance often works in the opposite direction.
It is up to the RERA chief how they implement the Act and work within the guidelines. For example, if builder floors are not getting registered in Delhi, the RERA chief should write to the state government to change the definition of projects that need to be registered. A strong administrator can bring relief to homebuyers within the current framework of RERA,” said KK Khandelwal, former Haryana RERA chief for Gurugram.
