Supreme Court Slams RERA, Calls It "Rehab Centre" For Retired Bureaucrats
The Supreme Court on Friday made evident its displeasure over the working of the Real Estate Regulatory Authority (RERA) saying it had become a rehabilitation centre for retired bureaucrats who the court says "have undermined the entire purpose of the Act." The court was hearing an appeal to a Delhi High Court judgment which dismissed pleas seeking directions to banks and financial institutions to refrain from charging pre-EMIs or full EMIs from the petitioners and other similar home buyers, arguing that alternative remedies, including RERA, were available.
