Maharashtra Real Estate Regulatory Authority has launched a new Standard Operating Procedure ensuring homebuyers receive compensation within 60 days, with strict enforcement measures including potential imprisonment for defaulting developers.

A leading pan-India homebuyers' association has urged the Union Housing Ministry to address critical gaps in RERA enforcement, proposing mandatory escrow accounts for amenities, builder verification mechanisms, uniform exit policies, and standardized operating procedures across state regulators.

Hundreds of NRI investors remain trapped in a decade-long wait for their dream homes in Bengaluru's Ozone Urbana project, highlighting serious gaps in India's real estate protection mechanisms.