• The Ministry of Housing and Urban Affairs has launched the Unified Real Estate (Regulation and Development) Act, 2016 (RERA) portal—rera.mohua.gov.in—during the 5th meeting of the Central Advisory Council in New Delhi.
• The initiative consolidates data from various state RERA portals into a single, integrated platform, ensuring greater transparency, standardisation, and ease of access for both homebuyers and developers.
• RERA, introduced in 2016, was designed to tackle chronic issues such as project delays, lack of accountability, and homebuyer exploitation.
• Until now, every state and union territory had maintained its own RERA website, making it difficult to track projects across regions. The new Unified RERA Portal creates a national database of real estate projects, offering users the ability to check approvals, project timelines, status updates, and developer histories in one place.
• Key Features of the Unified RERA Portal:
• Centralised Access: Buyers can view projects across India on a single platform.
• Transparency: Verified details about developer compliance, approvals, and timelines are available.
• Standardisation: Uniform data allows easier comparison of projects across states.
• Grievance Redressal: Buyers can file and track complaints more effectively.
• AI-Powered Alerts: Artificial intelligence tools will help flag delayed or stalled projects.
• For homebuyers, the portal means reliable, verified information without endless follow-ups, reducing disputes and enhancing trust in transactions. For developers, the portal simplifies compliance by standardising reporting formats and enabling smoother project updates.
• Officials emphasise that the portal will not only benefit consumers but also help regulators monitor the sector more effectively, strengthening accountability and fostering a healthier real estate ecosystem nationwide.