INDUSTRY
Homebuyers’ association urges government to amend RERA norms
- IBJ Bureau
- Oct 27, 2025
Homebuyers’ body Forum For People’s Collective Efforts (FPCE) has demanded that Real Estate (Regulation and Development) Act (RERA), 2016, should be amended to incorporate a mechanism for verifying the track record of builders before granting permission to launch projects for sale.
It has also sought a new provision in the legislation to ensure compensation to homebuyers, if builders fail to meet their promise of providing certain facilities and amenities. The association has also demanded a uniform rule for refund of money in case of cancellation of units by property buyers. Forum For People’s Collective Efforts (FPCE) President Abhay Upadhyay has written a letter to Union Minister of Housing and Urban Affairs Manohar Lal, seeking amendments in the RERA to give more teeth to regulators for protecting the interest of consumers.
Through his letter, Mr Upadhyay, who is also a member of RERA’s Central Advisory Council – formed by the ministry – has tried to highlight certain critical gaps in the RERA Act, causing significant injustice to homebuyers across India. The association has suggested introduction of a separate section in the Act to address specifically the issue of failure of builders in providing promised facilities and amenities in their projects. As amendments in the Act might take time, the FPCE has asked the ministry to issue an SOP (standard operating procedure) to all RERA authorities, directing them to ensure that builders deposit adequate funds in an escrow account to complete pending facilities.
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