The Real Estate Sector in India has been governed by multiple laws, enacted by both the Centre and the State. Such laws were mostly curative in nature from the customer's point of view. Due to the unregulated nature of the sector, many issues existed, such as a lack of transparency in project specifications, non-adherence to agreed project completion period, and deviations from agreed project components. As a result, customers have often been victims in such situations, leading to a decline in their trust in the sector. This has necessitated the need for a regulatory law, which should be preventive rather than curative. The Parliament passed the Real Estate (Regulation and Development) Act in 2016 to address the need. Following this, Government of Kerala made the Kerala Real Estate (Regulation and Development) Rules in 2018 and established K-RERA (Kerala Real Estate Regulatory Authority) towards the end of 2019. In the exercise of the powers conferred under section 85 of the Real Estate (Regulation and Development) Act in 2016, the Authority promulgated the Kerala Real Estate Regulatory Authority (General) Regulations, 2020.
