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RERA

The Real Estate (Regulation and Development) Act, 2016 seeks to protect home-buyers and boost investments in real estate. It establishes a Real Estate Regulatory Authority (RERA) in each state to regulate the sector and resolve disputes quickly. The Act aims to ensure transparent and efficient sale of plots, apartments, or buildings through RERA and provide a mechanism for speedy resolution of disputes.

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Vedant Hedau
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368 views15 pages

RERA

The Real Estate (Regulation and Development) Act, 2016 seeks to protect home-buyers and boost investments in real estate. It establishes a Real Estate Regulatory Authority (RERA) in each state to regulate the sector and resolve disputes quickly. The Act aims to ensure transparent and efficient sale of plots, apartments, or buildings through RERA and provide a mechanism for speedy resolution of disputes.

Uploaded by

Vedant Hedau
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

RERA ACT

THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016

Vedant Hedau
1900701036
Introduction
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 Act establishes a Real Estate Regulatory
Authority (RERA) in each state for regulation of
the real estate sector and also acts as an
adjudicating body for speedy dispute resolution.
The bill was passed by the Rajya Sabha on 10
March 2016 and by the Lok Sabha on 15 March
2016. The Act came into force on 1 May 2016 with
61 of 92 sections notified.
An Act to establish the Real Estate Regulatory
Authority for regulation and promotion of the Why is the act
real estate sector and to ensure sale of plot,
apartment or building, as the case may be, or introduced?
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
What is the purpose
of the act?
Real Estate Regulatory Authority (RERA) Act
was launched on the 1st of May 2016, and is
aimed at protecting the interests of buyers in
the real estate sector and to establish an
arbitrating mechanism for speedy dispute
redressal.
What is the purpose of the act?
What is the requirement of the act?
Benefits of RERA Act,2016
Disadvantages of RERA Act,2016
RERA Act Application Case Study
o No. of flats and carpet area proposed in
the application all match with the
structure after the completion of the
project.

o Although all the towers are not


completed as for now the proposed
itinerates are followed
Floor area

o The flats that are currently completed


have followed through to the
commitments made in the application.
Thanks!
CREDITS: This presentation template was created by Slidesgo, including
infographics & images by Freepik

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