New Delhi, May 26 -- Swati Mulay, 67, from Pune, Mahrashtra; 43-year-old Sai Pramod G.N. from Bengaluru, Karnataka; 44-year-old Atul Gupta from Greater Noida, Uttar Pradesh; 37-year-old Sanjay Jangid from Bhiwadi, Rajasthan; and 47-year-old Bimalendu Pradhan from Bhubaneswar, Odisha live in five different states but they have one thing in common. They are among the homebuyers who got a favourable judgment from the real estate regulatory authorities (Reras) of their respective states, but are still waiting for the orders to be executed.

It's been more than four years since the Real Estate (Regulation and Development) Act, 2016, was enacted on 1 May 2016. The implementation of the Act came as a big relief for many homebuyers, but the failu...