States draw CJI rebuke for appointing retirees to RERA
Chief Justice of India Surya Kant criticized state Real Estate Regulatory Authorities (RERAs) for failing to protect homebuyers, calling them "rehabilitation centres for retirees." In Odisha, the RERA struggles with order execution and penalty recovery, with most of the Rs 6.89 crore in imposed penalties remaining unrecovered, highlighting a need for urgent reforms and a shift towards a development-oriented model.
Chief Justice of India Surya Kant criticized state Real Estate Regulatory Authorities (RERAs) for failing to protect homebuyers, calling them "rehabilitation centres for retirees." In Odisha, the RERA struggles with order execution and penalty recovery, with most of the Rs 6.89 crore in imposed penalties remaining unrecovered, highlighting a need for urgent reforms and a shift towards a development-oriented model.
