RERA AND CONSUMER PROTECTION: COMPARATIVE EFFECTIVENESS IN URBAN VS RURAL REAL ESTATE MARKETS IN INDIA
AUTHOR – PATEL HET ANILKUMAR, STUDENT AT UNITED WORLD SCHOOL OF LAW, KARNAVATI UNIVERSITY
BEST CITATION – PATEL HET ANILKUMAR, RERA AND CONSUMER PROTECTION: COMPARATIVE EFFECTIVENESS IN URBAN VS RURAL REAL ESTATE MARKETS IN INDIA, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (5) OF 2025, PG. 115-130, APIS – 3920 – 0001 & ISSN – 2583-2344
CHAPTER-1: INTRODUCTION
Introduction
“When considering your next real estate investment the choice between city and suburb can significantly impact your property’s value and lifestyle. (While cities offer vibrant amenities and potentially higher price appreciation, suburbs often come with lower costs and greater room for development.) Understanding these distinctions can help you make an informed decision.”
‘Choosing a home should depend on your personal requirements and expectations from the property and its environment. If you prioritize convenience and access to urban amenities, a city might be ideal for you. ‘However, if investment potential is your focus, the suburbs are increasingly recognized as areas of growth and opportunity.’ Here’s a closer look at various factors to consider when deciding between these two options.’ (Its provisions include mandatory project registration, escrow account management, and the establishment of grievance redressal mechanisms through state-specific RERA authorities.) While RERA has been widely hailed as a game-changer, “its implementation has faced criticism due to state-level variations, limited consumer awareness, and infrastructural bottlenecks.’ (This study seeks to critically analyse the effects of RERA on India’s real estate industry, exploring its impact on project management, market dynamics, and stakeholder relationships. The study further examines the interplay between RERA’s regulatory framework and modern construction technologies, emphasizing the potential for sustainable growth and enhanced consumer confidence in the industry.)