05-11-2017, 10:04 AM
The Real Estate (Regulation and Development) Act, 2016 RERA will finally give India’s real estate sector its first regulator from Monday, May 1, 2016. RERA was passed by parliament last year and the Union Ministry of Housing and Urban Poverty Alleviation had given time till May 1, 2017, to formulate and notify rules for the functioning of the regulator. RERA seeks to bring clarity and fair practices that would protect the interests of buyers and also impose penalties on errant builders.
RERA is applicable for
1. the real estate project on land more than 500 sq. m. or project having more than eight 8 residential units
2. Projects which do not have completion certificate before commencement of Act.
For more information click
Real Estate (Regulation and Development) Act 2016
RERA is applicable for
1. the real estate project on land more than 500 sq. m. or project having more than eight 8 residential units
2. Projects which do not have completion certificate before commencement of Act.
For more information click
Real Estate (Regulation and Development) Act 2016