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Homebuyers Seek Major Reforms in Real Estate Regulatory System to Strengthen Consumer Protection

Nov 03 2026

Homebuyers Seek Major Reforms in Real Estate Regulatory System to Strengthen Consumer Protection

Homebuyers have called for a major overhaul of India's real estate regulatory framework, seeking stronger consumer protection, greater transparency and improved accountability in the property sector. The proposed reforms aim to address concerns over the existing regulatory system, particularly the balance between promoting real estate development and safeguarding homebuyers' interests. The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, was introduced to regulate transactions between property developers and homebuyers. Fully implemented from mid-2017, the legislation aims to ensure transparency, accountability and fair practices in the real estate industry. However, concerns have been raised over the effectiveness of the current framework in prioritising consumer interests. The proposed restructuring seeks to separate homebuyer protection from the broader objective of promoting real estate sector growth. One of the key recommendations is to rename and restructure the existing legislation as the Real Estate Homebuyer Protection Act. The proposed law would place consumer protection, transparency, developer accountability, prevention of malpractices and effective grievance redressal at its centre. The recommendations also include placing the proposed homebuyer protection legislation under the Department of Consumer Affairs to establish a more consumer-focused administrative structure. Additionally, the proposal calls for greater accountability among real estate regulatory authorities to ensure that homebuyer complaints are addressed effectively and appropriate action is taken against violations. The suggested reforms are expected to strengthen the legal safeguards available to property buyers, improve confidence in residential property transactions and encourage fair practices among developers. The proposed restructuring could mark an important change in India's real estate regulatory approach. However, the recommendations remain proposals, and any changes to the existing RERA legislation would require appropriate government and legislative action. 

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