Central Advisory Council Advances RERA Reforms

• The same rules in all States .
• Shorter Registration and Registration Approval.
• Critical Recommendations A central committee should be set up with the MoHUA to bring in uniformity and changes.

Roadmap for Future Reforms

The CAC acknowledged that while RERA can be said to have been successful, next-generation reforms were needed. The extensive overview will serve to:

• Identify policy gaps.
• Increase accountability and transparency .
• Add tougher things through stakeholders consultations .

“Ultimately, we hope to create a transparent, customer friendly and professional real estate industry in India which would adhere to best in class operating business practices as it does elsewhere in the world, and that there would be a stratospheric rise in the people of India benefiting from the same.