RERA applies retroactively to ongoing projects that do not have completion certificate: Supreme Court

The Court held that by enacting the RERA, Parliament intended to bring within the fold of the statute ongoing real estate projects in its wide ambit to protect the interests of consumers/homebuyers.
Justices UU Lalit, Aniruddha Bose and Ajay Rastogi
Justices UU Lalit, Aniruddha Bose and Ajay Rastogi

The Real Estate (Regulation and Development) Act, 2016 [RERA] is retroactive in its application and covers all ongoing projects for which completion certificate has not been issued, the Supreme Court has held (Newtech Promoters and Developers Limited v. State of UP).

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