This was once again proved when, The Real Estate (Regulation & Development) Act 2016, came into force in 2017, means, the Act is nearly Five Years old now. Though Five Years is a very less time & the Act is young, especially considering the age old nature of Real Estate which has been here not just for a few decades but for centuries. The forms may be different; the RERA Act has been talk of the Town (Country) since it has been in force. 

As per this Act, every State in India must have its own RERA Authority, so in our State its MahaRERA i.e. Maharashtra Real Estate Regulatory Authority. Frankly, I am not a Lawyer or even a Builder in traditional way (most will understand, what I meant by Builder in traditional way) yet I am one & Real Estate is my Business so I am connected to RERA. For me as well my fellow Builders & the End Users i.e. our Customers I thought taking this subject for sharing as its Five Years since the Act has come in the force & a lot has been changed & more than that a lot has been spoken.

 Any Law, even Criminal (we know MCOCA, TADA, MPID) is effective only when it is practical as well backed up by proper Enforcement System for implementation of that Act & that is why MahaRERA’s importance is very much when its Real Estate. 

The first thing I noticed is, how conveniently we made short form as RERA Act (from common Public & even Builders view), as you read the full name of Act it has Regulation & Development also, but neither in making short form of the Act or not in formation of the RERA Authorities, Development word has been omitted conveniently. Coincidence or Reputation of the Builders, I will like to draw attention of all the concerned parties to this small fact which many will say what big deal & even Shakespeare has said “What’s In Name”. 

But in a Country where even your surname is important as it tells about your Caste & Religion & from that the treatment you get changes, this small fact about deleting the term Development from short form of RERA does matters a lot.

Because it shows our attitude towards the entire Real Estate Industry which a common man (so does the Government) thinks is guilty or culprit, it’s only the Regulation part that has been kept in making short form. So every time where RERA is mentioned, all you think is about Regulation but we forgotten that there is Development too which is also a vital part of the Act.