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Dr. Ranjana Khamesra
Debdoot Das
Keywords:
RERA, real estate regulation, transparency, buyer confidence, comparative analysis, governance, India, UK, Singapore, UAE.
Abstract:
The Real Estate (Regulation and Development) Act, 2016 (RERA), marked a significant government effort to restore order, transparency, and basic accountability in the housing sector.
This paper compares RERA to similar regulatory frameworks in the United Kingdom, the United Arab Emirates and Singapore. The comparison focuses on five dimensions: institutional structure, developer regulation, buyer protection, enforcement mechanisms, and digital governance. The goal is to see how well each system handles fairness and transparency, and what India might learn from them.
RERA has undoubtedly created a more structured regulatory environment. Still, noticeable gaps remain - especially in terms of how evenly the rules are enforced across states, how easily the public can access reliable information, and how fully digital tools are utilised to facilitate progress.
This paper highlights international best practices to strengthen RERA's operational effectiveness and proposes policy recommendations to harmonise financial safeguards and enhance consumer literacy. The study contributes to regulatory governance literature by demonstrating how institutional design shapes market trust and sectoral performance in developing economies.
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International Journal of Recent Research and Review
ISSN: 2277-8322
Vol. XVIII, Issue 3
September 2025
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PUBLISHED
September 2025
ISSUE
Vol. XVIII, Issue 3
SECTION
Articles
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