Act Number: 16

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

Year: 2016

Enactment Date: 2016-03-25

Long Title: An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto.

Ministry: Ministry of Housing and Urban Affairs

Department:

Section 85: Power to make regulations.
    (1) The Authority shall, within a period of three months of its establishment, by notification, make regulations, consistent with this Act and the rules made thereunder to carry out the purposes of this Act.
     (2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:
         1*                                    *                                     *                                     *                                     *                                    
         (c) such other information and documents required under clause (f) of sub-section (1) of section 11;
         (d) display of sanctioned plans, layout plans along with specifications, approved by the competent authority, for display under clause (a) of sub-section (3) of section 11;
         (e) preparation and maintenance of other details under sub-section (6) of section 11;
         (f) time, places and the procedure in regard to transaction of business at the meetings of the Authority under sub-section (1) of section 29;
         2*                                     *                                    *                                    *                                    *                                   
         (h) standard fees to be levied on the promoter, the allottees or the real estate agent under clause (e) of section 34;
         (i) any other matter which is required to be, or may be, specified by regulation or in respect of which provision is to be made by regulations.
Notes:
1. Omitted by ibid. (w.e.f. 28-10-2016).
2. Omitted by the Real Estate (Regulation and Development) Removal of Difficulties Order, 2016 [S.O. 3347 (E)], (w.e.f. 28-10-2016).
Scroll to Top