RERA Act 2016 is an Indian law that regulates and protects the real estate sector and consumers. It establishes a Real Estate Regulatory Authority ( RERA ) and an Appellate Tribunal in each state for dispute resolution and enforcement. The landmark legislation Real Estate (Regulation and Development) Act , 2016 (RERA), marking the beginning of a new era in the Indian real estate sector and a step towards reforming the real estate sector in India, encouraging greater transparency, citizen centricity, accountability and financial discipline. This web page provides the full text of the Indian law that regulates the real estate sector and protects the consumers' rights. It covers the registration, functions, duties, rights, penalties and adjudication of real estate projects, agents and allottees. Summary: The Real Estate (Regulation and Development) Act , 2016 ( RERA ) was enacted to regulate and promote transparency in India’s real estate sector. It mandates the registration of real estate projects and agents at the state level, ensuring accountability and safeguarding consumer interests ...
