Real Estate (Regulation and Development) Act, 2016
GPTKB entity
Statements (30)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Indian legislation
|
| gptkbp:appliesTo |
commercial real estate projects
residential real estate projects |
| gptkbp:category |
2016 in Indian law
Real estate law in India |
| gptkbp:citation |
Act No. 16 of 2016
|
| gptkbp:dateEnacted |
2016
|
| gptkbp:enactedBy |
gptkb:Parliament_of_India
|
| gptkbp:establishes |
Real Estate Regulatory Authority
|
| https://www.w3.org/2000/01/rdf-schema#label |
Real Estate (Regulation and Development) Act, 2016
|
| gptkbp:mandate |
deposit of 70% of project funds in escrow account
disclosure of project details timely completion of projects |
| gptkbp:passedBy |
gptkb:Lok_Sabha
gptkb:Rajya_Sabha |
| gptkbp:providesFor |
adjudication of disputes
penalties for non-compliance |
| gptkbp:purpose |
protect home buyers
regulate the real estate sector in India promote transparency and accountability in real estate |
| gptkbp:receivedRoyalAssent |
gptkb:President_of_India
|
| gptkbp:relatedTo |
gptkb:Ministry_of_Housing_and_Urban_Affairs
|
| gptkbp:requires |
registration of real estate projects
registration of real estate agents |
| gptkbp:shortName |
gptkb:RERA
|
| gptkbp:startDate |
1 May 2016
|
| gptkbp:status |
in force
|
| gptkbp:website |
https://rera.gov.in/
|
| gptkbp:bfsParent |
gptkb:HARP_Authority
|
| gptkbp:bfsLayer |
7
|