Abstract

The vision of the Government of India for Viksit Bharat by 2047 aim to transform the country into a developed economy. A crucial component of this vision is the development of a robust and transparent real estate sector. THE RERA is a landmark legislation that aims to regulate and promote the real estate sector in India. To achieve “Viksit Bharat” by 2047, Bharat needs to focus on sustainable, inclusive economic growth and the Real Estate Regulation Act (RERA) plays a crucial role by fostering transparency, accountability and investor confidence in the real estate sector, which is a key driver of economic development. The dream of a developed India is a symbol of the hopes and aspirations of every Indian. By 2047, celebrating 100 years of independence, we want to see our country as a prosperous, inclusive and sustainably developing nation. In this paper, we will discuss the country of India, the people of India, the social, economic and cultural aspects of India and try to understand how the resolution of Developed India 2047 and the goal of Developed India can be achieved. This paper examines the role of RERA in achieving Viksit Bharat Vision by 2047, with a focus on its impact on economic growth and development.