Authors :
Swapnil Gupta
Volume/Issue :
Volume 10 - 2025, Issue 5 - May
Google Scholar :
https://tinyurl.com/26n26fcy
DOI :
https://doi.org/10.38124/ijisrt/25may2047
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
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.
References :
- Government of India. (2016). The Real Estate (Regulation and Development) Act, 2016. Retrieved from https://legislative.gov.in
- Mehta, S., & Sharma, P. (2022). Blockchain for Real Estate: A Review of Opportunities and Legal Challenges in India. International Journal of Property Law, 14(3), 85-97.
- Maharashtra State Government. (2021). Blockchain Pilot Project for Land Records Report. Retrieved from https://mahabhulekh.maharashtra.gov.in
- Sinha, R., & Patel, A. (2023). Integrating Smart Contracts with RERA Framework: Technological and Regulatory Dimensions. Indian Journal of Real Estate Studies, 9(1), 42-58.
- World Economic Forum. (2020). Blockchain and Real Estate: A Framework for the Future. Retrieved from https://www.weforum.org
- Bansal, K. (2024). Challenges in Implementing Blockchain in Indian Real Estate: A Policy Perspective. Journal of Emerging Technologies and Law, 6(2), 19-31.
- Ministry of Electronics and Information Technology. (2023). India’s Blockchain
- Strategy and Vision Document. Retrieved from https://meity.gov.in
- KPMG India. (2022). PropTech and the Future of Indian Real Estate. Retrieved from https://home.kpmg/in/en/home.html
- Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016). Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction. Princeton University Press.
11. Bar & Bench. (2024). Smart Contracts and Indian Law: The Need for Legislative Clarity. Retrieved from https://www.barandbench.com
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.
