Union Minister for Housing & Urban Affairs Manohar Lal launched the unified RERA portal at 5th Meeting of Central Advisory Council (CAC) in New Delhi recently.  

The launch of the unified RERA portal is aimed at creating a single nationwide platform to integrate State/UT RERA systems, enhance transparency, and enable sharing of best practices. The portal will serve as a central database of real estate projects, empowering homebuyers with credible information and supporting policy formulation through advanced analytics.

Speaking on the occasion, Manohar Lalsaid that the launch of the Unified RERA Portal is a major step in strengthening transparency and accountability in the real estate sector. He also added that RERA has empowered homebuyers, ensured timely delivery of projects and infused discipline in the sector. He asked States and UTs to implement RERA in letter and spirit to protect the interests of citizens.

Minister of State for Housing & Urban Affairs Tokhan Sahu observed that over the last eight years, RERA has emerged as a transformative reform for the real estate sector. He also said that the priority now is faster resolution of homebuyers’ grievances and revival of stalled projects so that trust between buyers and developers is further strengthened.

Secretary, Housing & Urban Affairs, Srinivas Katikithala in his remarks said that RERA has brought about systemic changes by mandating project registration, disclosure and grievance redressal. He also added that CAC meeting will be helpful in providing strategies for benefits of the Homebuyers and development of the sector.

During the meeting, the members appreciated the remarkable progress of RERA across States/UTs in the last 8 years:

• 35 States/UTs have established Real Estate Regulatory Authorities.
  
• 29 States/UTs have set up Appellate Tribunals, while 27 have appointed Adjudicating Officers.
  
• 1,51,113 projects and 1,06,545 agents are registered under RERA. 
  
• 1,47,383 complaints have been disposed of by Real Estate Regulatory Authorities nationwide.
  
• The Council discussed on the issue of legacy stalled projects and implementation of report of the Committee chaired by Shri Amitabh Kant, G20 Sherpa. The council observed that Uttar Pradesh has implemented the recommendations. These recommendations are required to be taken forward by other States as well, wherein projects are stalled.
  
• The Council has recommended Standard Operating Processes (SoP) to ensure the effective functioning of Real Estate Regulatory authorities, strengthen RERA for enforcement of orders along with detailed framework to get stalled projects completed.
  
• Discussing about new launched RERA portal, it was stressed that in order to ensure effective policy making and fiscal incentives, Nation-wide database of projects should be prepared through portal to empower the prospective home buyers to take informed decision. Further, analysis of data collected through integration of State RERA websites, this portal will play a pivot role in anticipating project delays and curtail the stalled projects with the help of AI and other tools.
  
• Council suggested to take suitable measures to ensure effective implementation of RERA orders and to curb the misleading advertisements.
  
• The Council considered concerns on delays in project registration, approvals from local authorities, withdrawal from RERA accounts after project completion and filing of quarterly progress reports (QPRs) by promoters.
  
• The Council emphasized steps to be taken to bring about uniformity in RERA implementation, faster registration, compliance of orders, and clarity in definitions. Council advised to study and ensure that Rules, Regulations made under the Act are in consonance with parent Act. For this purpose, at Central level a committee should be constituted in MoHUA with representative of all stakeholders to drive reforms in RERA framework.
  
• The Council recommended that considering the 8 years of journey of RERA, there is need to focus on next generation reforms in RERA. Accordingly, a detailed exercise may be conducted by the Ministry of Housing and Urban Affairs to work out the necessary measures to further strengthen RERA and also to develop the Real Estate Sector in consultation with the stakeholders.
  
• The meeting concluded with a call for effective implementation of RERA in letter and spirit to protect the interests of homebuyers and further strengthen transparency and accountability in the real estate sector.