India, Feb. 13 -- The Supreme Court on Thursday said it is high time all states rethought the constitution of the real estate regulatory authority (RERA) as the institution is doing nothing, except facilitating defaulting builders. A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi said the people for whom RERA was created were "completely depressed, disgusted and disappointed" and asserted that it won't mind if the institution was abolished.

The observations came from the bench, which permitted the Himachal Pradesh Government to shift the office of RERA to the place of its choice.

The bench issued notice on a plea filed by the Himachal Pradesh Government and others challenging an order of the Himachal Pradesh High Court in...