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UNIT-5

CHAPTER-4

SALIENT   FEATURES OF REAL ESTATE (REGULATION    & DEVELOPMENT)  ACT, 2016, AND REAL ESTATE REGULATING AUTHORITIES ESTABLISHED UNDER THE ACT.

 

The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry.

The bill was passed by the Rajya Sabha on 10th March, 2016 and by the Lok Sabha on 15 March 2016.

The Act came into force from 1 May 2016 with 69 of 92 sections notified.

The Central and state governments are liable to notify the Rules under the Act within a statutory period of six months.

Real estate regulatory authority (RERA) is the governing authority.

The law is not Retrospective

Preamble: RE(R&D)ACT 2016

 To establish RERAs in Each Stateto: –

Regulate and promote Real Estate Sector

Ensure Sale in efficient and .………………………READ MORE

  

 

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