Real Estate (Regulation and Development) Act, 2016
(the ‘Act’ or ‘RERA’) is an important and much talked about piece of legislation
for the real estate sector of India. RERA proposes to establish a Real Estate Regulatory
Authority for regulation and promotion of the real estate sector and to ensure
sale of plot, apartment or building or sale of real estate project, in an
efficient and transparent manner. Further, the Act proposes to protect the interest
of consumers in the real estate sector and to establish an adjudicating
mechanism for speedy dispute redressal.
(the ‘Act’ or ‘RERA’) is an important and much talked about piece of legislation
for the real estate sector of India. RERA proposes to establish a Real Estate Regulatory
Authority for regulation and promotion of the real estate sector and to ensure
sale of plot, apartment or building or sale of real estate project, in an
efficient and transparent manner. Further, the Act proposes to protect the interest
of consumers in the real estate sector and to establish an adjudicating
mechanism for speedy dispute redressal.
The
Act partially came into force on April 4, 2016 and since then various states
have formulated their respective rules under the Act for implementation of the
Act in the respective states.
Act partially came into force on April 4, 2016 and since then various states
have formulated their respective rules under the Act for implementation of the
Act in the respective states.
Under RERA
Updates, we will provide a snapshot of what latest is happening. This note will
provide a date wise implementation of the Rules by various states, following by
updates commencing from April, 2017.
Updates, we will provide a snapshot of what latest is happening. This note will
provide a date wise implementation of the Rules by various states, following by
updates commencing from April, 2017.
|
Date
|
State/UT
|
Relevant
Rules/notifications |
|
4 April, 2016
|
_
|
|
|
October 22/26, 2016
|
Madhya Pradesh
|
|
|
October 27, 2016
|
Uttar Pradesh
|
|
|
October 29, 2016
|
Gujarat
|
|
|
October 29, 2016
|
Gujarat
|
|
|
October 31, 2016
|
Lakshadweep
|
|
|
October 31, 2016
|
Daman & Diu
|
|
|
October 31, 2016
|
Dadra and Nagar Haveli
|
|
|
October 31, 2016
|
Chandigarh
|
|
|
October 31, 2016
|
Andaman and Nicobar Islands
|
|
|
November 4, 2016
|
Karnataka
|
|
|
21st November,
2016 |
National
Capital Territory of Delhi |
Until the
establishment of Regulatory Authority in National Capital Territory of Delhi, the Ministry of Urban Development hereby designates Vice Chairman, Delhi Development Authority as the Regulatory Authority |
|
November 24, 2016
|
National
Capital Territory of Delhi |
National Capital
Territory of Delhi Real Estate (Regulation and Development) (Agreement for Sale) Rules, 2016 |
|
National
Capital Territory of Delhi Real Estate (Regulation and Development) (Agreement to Sell) Rules, 2016 |
If you are looking for apartments for sale in Noida location, than you are at right place. Here you have choices to get affordable housing option for living or investment point of view.
Office Spaces for Rent in Sector 65