Supreme Court Slams RERA: "Better To Abolish, Benefits Only Defaulting Builders"

• Supreme Court expresses strong disappointment with RERA's functioning, questioning its purpose.
• CJI Kant remarks RERA seems to benefit defaulting builders more than homebuyers, suggesting its abolition.
• The court made observations while hearing an appeal against a Himachal Pradesh High Court order.
• Himachal Pradesh High Court had stayed the shifting of the RERA office from Shimla to Dharamshala.
• Supreme Court set aside the stay, allowing the shift and directing the appellate tribunal also move to Dharamshala.