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RERA is administrative like SEBI, TRAI and RBI : Homebuyers in High Court

Dated on: Thursday 9th November 2017

In the recent hearing on Tuesday in the Bombay High Court for case filed against RERA, the senior counsel Shiraz Rustomjee, who was responsible for representing homebuyers in the Court said, ‘RERA as a regulatory body carries out administrative as well as legislative roles similar to the bodies like SEBI (Securities and Exchange Board of India), TRAI (Telecom Regulatory Authority, of India) and RBI (Reserve Bank of India).

The Forum for People’s Collective Efforts, a non-profit company was present on Wednesday’s hearing in the High Court.   

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