India, Dec. 19 -- Union Home Minister Amit Shah, on December 19, said that the Real Estate (Regulation and Development) Act (RERA) has helped streamline the real estate sector, while also safeguarding the interests of homebuyers.

Addressing CREDAI's National Conclave in the Capital, Shah said RERA has brought structural reforms to the real estate sector by enhancing transparency in property transactions, improving construction quality and protecting buyers' interests.

He noted that while there were several apprehensions when the law was introduced, it has since helped bring greater discipline to the sector.

"When we look back, nobody can deny that the RERA has played an important part in the smooth functioning of developers," he said....