Leveraging Blockchain Technology for Enhancing Transparency and Trust in the Indian Real Estate Sector Post-RERA
Year: 2025
Type: article
Abstract: The Real Estate (Regulation and Development) Act, 2016 (RERA), was a landmark reform aimed at promoting transparency and protecting homebuyers in India's real estate sector. However, challenges such as project delays, fraudulent practices, and inadequate information sharing persist, undermining buyer confidence. This paper examines the potential of blockchain technology in addressing these persistent gaps and enhancing the effectiveness of RERA. By leveraging the decentralised, immutable, and transparent nature of blockchain, stakeholders can create a more accountable ecosystem where property transactions, project milestones, and compliance data are securely recorded and accessible. Through a detailed analysis of current legal frameworks, operational feasibility, and technological barriers, the paper proposes a strategic roadmap for integrating blockchain into real estate governance. It also highlights emerging challenges, including legal ambiguity, cost implications, and data privacy concerns. The study concludes with policy recommendations and implementation strategies that could revolutionise the real estate industry by fostering a trust-driven, transparent, and digitally regulated environment in line with RERA’s vision.
Author: Swapnil Gupta
Institution: Amity University
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: gold
OpenAlex ID: W4411212027