The Real Estate (Regulation and Development) Act, 2016.

Summary

The Real Estate (Regulation and Development) Act, 2016 aims to establish the Real Estate Regulatory Authority (RERA) to regulate and promote the real estate sector in India. It also aims to protect the interests of homebuyers by ensuring transparency, accountability, and timely delivery of projects. The Act mandates that all real estate projects must be registered with RERA and provides for penalties for non-compliance. It also sets up a mechanism for the resolution of disputes between buyers and developers through the establishment of Real Estate Appellate Tribunals. The Act has far-reaching implications for the real estate sector in India and is expected to bring about significant reforms.

#	Section	Link
1	Section 1: Short Title, Extent And Commencement	Open
2	Section 2: Definitions	Open
3	Section 3: Prior Registration Of Real Estate Project With Real Estate Regulatory Authority	Open
4	Section 4: Application For Registration Of Real Estate Projects	Open
5	Section 5: Grant Of Registration	Open
6	Section 6: Extension Of Registration	Open
7	Section 7: Revocation Of Registration	Open
8	Section 8: Obligation Of Authority Consequent Upon Lapse Of Or On Revocation Of Registration	Open
9	Section 9: Registration Of Real Estate Agents	Open
10	Section 10: Functions Of Real Estate Agents	Open
11	Section 11: Functions And Duties Of Promoter	Open
12	Section 12: Obligations Of Promoter Regarding Veracity Of The Advertisement Or Prospectus	Open
13	Section 13: No Deposit Or Advance To Be Taken By Promoter Without First Entering Into Agreement For Sale	Open
14	Section 14: Adherence To Sanctioned Plans And Project Specifications By The Promoter	Open
15	Section 15: Obligations Of Promoter In Case Of Transfer Of A Real Estate Project To A Third Party	Open

Section

Link

Section 1: Short Title, Extent And Commencement

Summary

Table of Contents