Mumbai: The Bombay high court on Wednesday upheld the constitutional validity of the Real Estate (Regulation and Development) Act (RERA) as it observed that it was crucial to protect the interests of flat buyers across the country. Noting that there are "enormous problems" in the housing sector, the court also addressed the issue of implementation of the act, saying it must be closely monitored. Though RERA is a central law, its implementation will depend on the state governments since real estate is a state subject. A bench of Justices Naresh Patil and Rajesh Ketkar pronounced its judgment on a bunch of petitions by real estate developers and individual plot owners, all challenging the constitutional validity of the act that was brought into effect in May this year. It allows buyers to claim compensation for delay in possession, and envisages cancellation of a developer's registration.

Source: The Telegraph December 06, 2017 19:30 UTC