Legal Bankruptcy, Real Estate Acts pitted against each other, says Assocham Updated : April 23, 2018 06:16 AM IST According to the report "the fundamental contradiction between these two may drag cases to judicial and legal forums." Effective implementation of RERA has the potential to drastically change the composition, operation and financing of the sector. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.