FCC

SC: RERA bodies serve as 'rehabilitation centres' for ex-bureaucrats

2024-09-30

The Supreme Court remarked that the Real Estate Regulatory Authority (RERA) has become a venue for retired bureaucrats, criticizing their influence on the effectiveness of the Act. A division bench comprising Justices Surya Kant and Ujjal Bhuyan was hearing the case of Bharati Jagat Joshi v. Reserve Bank of India and Others. The apex court stated, as reported by Bar and Bench, that they did not wish to discuss RERA further, emphasizing that it has become a rehabilitation center for former bureaucrats who have undermined the entire purpose of the Act.

Established in 2016, the RERA Act aims to regulate the real estate sector, enhance transparency, protect home buyers, and ensure the timely delivery of projects.

The Court was considering an appeal against a Delhi High Court order that had denied requests from banks and financial institutions to halt the charging of pre-EMIs or full EMIs from the petitioners and other similar home buyers, on the grounds that alternative remedies, including RERA, were available.