{"id":20359,"date":"2023-11-23T20:59:12","date_gmt":"2023-11-23T15:29:12","guid":{"rendered":"https:\/\/iihs.co.in\/knowledge-gateway\/?p=20359"},"modified":"2023-11-28T17:58:18","modified_gmt":"2023-11-28T12:28:18","slug":"the-state-of-real-estate-regulation-in-india-2023","status":"publish","type":"post","link":"https:\/\/iihs.co.in\/knowledge-gateway\/the-state-of-real-estate-regulation-in-india-2023\/","title":{"rendered":"The State of Real Estate Regulation in India 2023"},"content":{"rendered":"<div id='full_slider_1'  class='avia-fullwidth-slider main_color avia-shadow   avia-builder-el-0  el_before_av_layout_row  avia-builder-el-first   container_wrap sidebar_right'  ><div  class='avia-slideshow av-59qi2iv-2d953e6a3a653d5e3b79c8d111b9876a avia-slideshow-featured av_slideshow_full avia-fade-slider av-slideshow-ui av-control-hidden av-no-slider-navigation av-hide-nav-arrows av-slideshow-manual av-loop-once av-loop-manual-endless av-default-height-applied   avia-slideshow-1' 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.av-special-heading.av-lpbcfnzq-52a351e02040af7122713119a1818b80{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-lpbcfnzq-52a351e02040af7122713119a1818b80 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-lpbcfnzq-52a351e02040af7122713119a1818b80 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-lpbcfnzq-52a351e02040af7122713119a1818b80 av-special-heading-h3  avia-builder-el-5  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >The State of Real Estate Regulation in India 2023<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-lpbchexa-1e665eaa40779e005eadbb655b4c6252 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-size: 13px; text-transform: none; color: #8a0000;\"><em><a href=\"https:\/\/iihs.co.in\/iihs-people\/team\/deepika-jha\/\" target=\"_blank\" rel=\"noopener\">Deepika Jha<\/a>, <a href=\"https:\/\/iihs.co.in\/iihs-people\/team\/manish-dubey\/\" target=\"_blank\" rel=\"noopener\">Manish Dubey<\/a>, Sejal Singla \u00a0\u00a0<\/em>| 2023<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lpbchzay-6f7ee809c47a15335fac8faff53da4b8 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p class=\"p2\">Abstract<\/p>\n<p>The RERA Act received widespread acclaim for its objectives to regulate a sizable and mostly unregulated sector marked by significant consumer investment and grievances. Seven years after the RERA Act, this report draws on data available in the public domain from 18 RERAs and their websites to take stock of the progress made in relation to the remit of RERA activity, the extent and timeliness of project disclosures, arrangements for grievance redress and institutional functioning of real estate regulatory authorities.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lpbcs8jt-5ba2cbf88b9fda801a894b378b8ff290 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p>DOI: https:\/\/doi.org\/10.24943\/TSRERI11.2023<\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap av-lpiaxddy-fcb4504a078f0ed911129e65780ec55c-wrap avia-button-left  avia-builder-el-9  el_after_av_textblock  el_before_av_hr '><a href='https:\/\/iihs.co.in\/knowledge-gateway\/wp-content\/uploads\/2023\/11\/The-State-of-Real-Estate-Regulation-in-India-2023.pdf'  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DATA<\/a><\/li>\n<\/ul><\/div><\/div><\/div>\n<\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4cw7hfr-452d0a4c195c5804f2ee2f0678baded0\">\n.flex_cell.av-4cw7hfr-452d0a4c195c5804f2ee2f0678baded0{\nvertical-align:top;\n}\n.responsive #top #wrap_all .flex_cell.av-4cw7hfr-452d0a4c195c5804f2ee2f0678baded0{\npadding:30px 30px 30px 30px !important;\n}\n<\/style>\n<div class='flex_cell av-4cw7hfr-452d0a4c195c5804f2ee2f0678baded0 av-gridrow-cell av_three_fifth no_margin  avia-builder-el-19  el_after_av_cell_one_fifth  el_before_av_cell_one_fifth '  ><div class='flex_cell_inner'><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4230faf-cb52e4cce36e90933382a554e9784ffc\">\n#top .av-special-heading.av-4230faf-cb52e4cce36e90933382a554e9784ffc{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-4230faf-cb52e4cce36e90933382a554e9784ffc .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-4230faf-cb52e4cce36e90933382a554e9784ffc .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-4230faf-cb52e4cce36e90933382a554e9784ffc av-special-heading-h3  avia-builder-el-20  el_before_av_textblock  avia-builder-el-first '><h3 class='av-special-heading-tag'  itemprop=\"headline\"  >Rekha Test<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-3cjp03r-ed5308f03c29640a47f42bc9718e4043 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p><span style=\"font-size: 13px; text-transform: none; color: #8a0000;\"><em><a href=\"https:\/\/iihs.co.in\/about\/people\/amir-bazaz\/\" target=\"_blank\" rel=\"noopener\">Amir Bashir Bazaz<\/a>\u00a0\u00a0<\/em>| 4 June 2015\u00a0<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-33cnzrb-36fb5247fe5a3103d18a75273479cf94 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><p class=\"p2\">Key Questions<\/p>\n<p class=\"p3\"><span class=\"s1\">\u2022<\/span>Assumed that a project idea has been finalized, how do we estimate the quantum of money that is required?<\/p>\n<p class=\"p3\"><span class=\"s1\">\u2022<\/span>From where are we going to raise the required amount of money?<\/p>\n<p class=\"p3\"><span class=\"s1\">\u2022<\/span>How do we justify the amount identified to be invested in the project conceptualized?<\/p>\n<p class=\"p4\"><span class=\"s1\">\u2022<\/span>What are therefore; the municipal finance challenges? 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