PUNE: Experts have said that the RERA, which was envisaged to usher in more transparency in the real estate industry, is yet to be an effective deterrent against malpractices. As the RERA is a small quasi-judicial and administrative body (with three members and a few adjudicating officers for the entire state), it does not have the bandwidth to look into the details of over 19,000 registrations that were granted by the body in the state, so far. The adjudicating officers themselves have powers to look at only certain sections of…
Read MoreRERA yet to resolve malpractices in real estate sector: Experts
