12/02/2026
๐ โRegulation without accountability becomes illusion.โ
In State of Himachal Pradesh vs. Naresh Sharma, the Supreme Court of India took a sharp view on the functioning of Real Estate Regulatory Authorities (RERAs), questioning whether they are truly protecting homebuyers or merely facilitating defaulting builders.
The Bench observed that States must seriously rethink the purpose and performance of these authorities โ even hinting that if regulators fail in their mandate, their very existence deserves reconsideration.
All States should now think of the people for whom the institution of RERA was created. Except facilitating builders in default, it is not doing anything else. Better to just abolish this institution," CJI Kant said.
This is more than a courtroom remark. It is a moment of institutional introspection for real estate regulation and consumer protection in India.
Are our regulatory frameworks delivering justice โ or merely creating procedural comfort?