Homebuyers across India will soon have a more efficient way to access details about housing projects and builders, thanks to a new initiative aimed at standardizing the websites and IT platforms of all Real Estate Regulatory Authorities (RERAs). This move will enhance transparency in the real estate sector and help buyers make informed decisions before purchasing properties.
A Centralized Digital Platform for Homebuyers
Currently, every state RERA has its own website with different layouts, making it difficult for buyers to navigate and retrieve necessary project information. Moreover, buyers need to visit multiple state RERA websites separately to check details about projects and builders across different regions. The Housing and Urban Affairs Ministry, in collaboration with the All India Forum of Real Estate Regulatory Authorities (AIFORERA), is working towards a uniform IT platform that will provide standardized information on all RERA-registered projects across the country.
Key Features of the Upcoming Uniform RERA Platform
- Centralized Data Access: Buyers will be able to check the status of projects from different states without navigating multiple platforms.
- Comprehensive Builder Information: The system will display all projects under a particular developer, helping homebuyers assess their track record.
- Enhanced Project Monitoring: RERA authorities can track project progress, timelines, and any granted extensions more effectively.
- Improved Law Implementation: A uniform platform will enable better law enforcement and consumer protection by ensuring transparency.
Regulatory Authority and Expert Reactions
Anand Kumar, Chairman of AIFORERA and Delhi RERA, emphasized that this initiative would simplify data retrieval for both consumers and regulatory authorities. He stated, “This will help buyers access the necessary information easily. It will also assist regulatory authorities in retrieving data for better implementation of the law.”
Abhay Upadhyaya, a member of the government’s Central Advisory Council, welcomed the move but suggested that the platform should display all projects under a developer’s group rather than just individual projects. He pointed out that many builders form Special Purpose Vehicles (SPVs) for separate projects, and some of them may have poor track records. “Unless all project details are transparently displayed under the builder’s group, homebuyers cannot make fully informed decisions,” he said.
RERA Registration and Data Tracking
Under the Real Estate (Regulation and Development) Act, 2016, all housing and commercial projects must be registered with RERA, and their progress is continuously tracked. Authorities monitor project completion timelines, granted extensions, and compliance with regulations. Interlinking all state RERAs into a single platform will not only help buyers but also ensure builders adhere to regulatory requirements.
Conclusion
This unified RERA platform is a game-changer for the Indian real estate sector. By providing homebuyers with a transparent and centralized database of housing projects and builder histories, the initiative will reduce risks and enhance trust in property transactions. Once implemented, the system will allow potential buyers to make more informed investment decisions and hold developers accountable for project delays or regulatory violations.
