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 Real Estate (Regulation and Development) Act , 2016. CHAPTER I PRELIMINARY CHAPTER II REGISTRATION OF REAL ESTATE PROJECT AND REGISTRATION OF REAL ESTATE AGENTS CHAPTER III FUNCTIONS AND DUTIES OF PROMOTER CHAPTER IV RIGHTS AND DUTIES OF ALLOTTEES CHAPTET V THE REAL ESTATE REGULATORY AUTHORITY CHAPTER VI CENTRAL ADVISORY COUNCIL CHAPTER VII THE REAL ESTATE APPELLATE TRIBUNAL CHAPTER VIII OFFENCES, PENALTIES AND ADJUDICATION CHAPTER IX FINANCE, ACCOUNTS, AUDITS AND REPORTS CHAPTER X ... 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. About Real Estate (Regulation and Development) Act , 2016 [ RERA ] Real Estate (Regulation and Development) Act , 2016 [ RERA ] was enacted to ensure regulation and promotion of Real Estate Sector in an efficient, transparent, and accountable manner and to protect the interest of homebuyers. This transformative legislation seeks to address vital issues of fair transactions, timely delivery, and quality construction through speedy adjudication of disputes, thus empowering the homebuyers. Enactment ...
