India, Aug. 26 -- While RERA was introduced to protect homebuyers, it does not cover redevelopment. Such projects are often delayed or fail to take off, leaving flat owners in financial, social, and mental distress. Many are forced to live in transit camps or depend on monthly rent from developers, support that often stops midway.

Real estate experts argue that instead of introducing a separate RERA-like law for redevelopment, the Maharashtra government should work with the Centre to amend and expand the regulatory authority's scope of Maharashtra Real Estate Regulatory Authority (MahaRERA) to include redevelopment, rather than confusing buyers with multiple laws.

The Maharashtra Housing Policy 2025 has proposed a separate RERA-like law...