India, April 8 -- Amid Bengaluru's real estate boom, where the price of a 3BHK apartment often exceeds Rs.2 crore, homebuyers are raising serious concerns about the effectiveness of the Real Estate Regulatory Authority (RERA). A recent Reddit post has sparked a broader conversation about how the system, intended to safeguard buyers and promote transparency, is falling short in practice.

One of the main issues highlighted is the lack of proper documentation, particularly regarding land ownership. The post also points out that developers are frequently granted deadline extensions for delayed projects, often citing labour shortages, material delays, or 'external factors.' Additionally, there are concerns about the lack of oversight on escro...