Main Article Content
Abstract
Purpose: In 2016 the Indian society was introduced with the regulation and development act for real eastate (RERA) to bring transparency in the dealing of real estate in terms of deals between developers and consumers taking into consideration the wellfare of the consumers. This research aims to identify and understand the extent of Arhitects role in the act focussing on punishments and arbitration for various offenses.
Methodology: An online survey was conducted with practicing architects to understand their perspective and viewpoints to identify what they feel are the biggest positives and negatives of the act.
Main Findings: The results show that 17% of the architects have faced disputes related to RERA and 60% of respondents were not satisfied with RERA's duration to resolve any of the cases, which were not resolved until the date. From the data gathered through the online survey, most of the respondents were unaware of their role they are required to perform as mentioned in the act.
Implications: To perform Architects' tasks correctly, awareness of the RERA, 2016 Act is necessary. The survey shows that many respondents thought that the act had nothing to do with architects and was solely for builders.
Keywords
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References
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References
Bakshi, A., n.d. Pros and Cons of RERA - Zricks.com [WWW Document]. URL https://www.zricks.com/Upda tes/Pros-and-Cons-of-RERA/1518
Rera Act, 2016. Real Estate (Regulation and Development) Act, 2016.
Rera Act, n.d. RERA ACT - Real Estate Regulatory Authority, RERA Rules. https://www.bankbazaar.com/h ome-lo an/rera-act.html
Bakshi, A., n.d. Pros and Cons of RERA - Zricks.com [WWW Document]. URL https://www.zricks.com/Updates/Pros-and-Cons-of-RERA/1518 (accessed 12.3.20).
Civil site visit, n.d. What is RERA ? Advantages & Disadvantages of RERA ? – Civil site visit [WWW Document]. URL https://civilsitevisit.com/what-is-rera-advantages-disadvantages-of-rera/ (accessed 12.3.20).
Nikitha, n.d. Critical Analysis of RERA Act, 2016. B&B Associates LLP. URL https://bnblegal.com/article/critical-analysis-of-rera-act-2016/ (accessed 12.4.20).
Real Estate Malpractices in the Post-RERA Era - Legal Remedies to Counter Them - Real Estate, Land and Property - Flat Ownership Law and RERA [WWW Document], n.d. . APA JURIS LLP. URL http://www.apajuris.com/real-estate-malpractices-post-rera-era-legal-remedies-Article-14.html
Rera Act, 2016. Real Estate (Regulation and Development) Act, 2016.
Rera Act, n.d. RERA ACT - Real Estate Regulatory Authority, RERA Rules [WWW Document]. URL https://www.bankbazaar.com/home-loan/rera-act.html (accessed 12.3.20).
Santosh, 2017. Top 10 Advantages and Disadvantages of Real Estate Regulator Bill (RERA) - World Blaze. URL https://www.worldblaze.in/advantages-and-disadvantages-of-real-estate-regulator-bill-rera/ (accessed 12.3.20).