Real Estate (Regulation and Development) Act, 2016 (With Sectionwise Commentary, FAQs & State Rules)

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Description
RERA, a new Act, as implemented for the benefit of home buyers and promoters, developers, builders, is a real revolution in the construction sector. As the Act is new, I observed the confusions in the minds of home buyers as well as in the minds of builders. I tried to remove such confusions by presenting this book for the benefit of the readers. All the provisions of this Act are explained in this book in simple language and in question-answer format, wherever possible. I tried to address most of the issues arising under this Act by referring all important cases in particular sections. I would feel rewarded if the book proves helpful to home buyers, professionals, and promoters and developers to understand the concepts in this Act in the right manner. Part 1 deals with the analysis of the statutory provisions while Part 2 contains the RERA Rules of selected States. Most of the State Rules are similar. In an attempt to explain the statutory provisions, I have made the Maharashtra RERA Rules as the basis. My thanks to my wife CA. Rani Bangar for her valuable suggestions for improving the text and content of this book I am grateful to the Puliani brothers - Ravi Puliani and Mahesh Puliani of Bharat Law House Private Limited for their support and for giving me the opportunity to write this book.
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Contents
Part 1 : The Real Estate (Regulation and Development) Act, 2016
Chronology of the events
Real Estate (Regulation & Development) Act, 2016 [RERA] — Implementation Progress Report
Objects of Real Estate (Regulation and Development) Act, 2016
The Real Estate (Regulation and Development) Act, 2016 (No. 16 of 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 Alloottees
Chapter V : Real Estate Regulatory Authority
Chapter VI : Central Advisory Council
Chapter VII : Real Estate Appellate Tribunal
Chapter VIII : Offences, Penalties And Adjudication
Chapter IX : Finance, Accounts, Audits And Reports
Part 2 : State Rules
1       Andaman and Nicobar Islands Real Estate (Regulation and Development) (General) Rules, 2016
2       Andhra Pradesh Real Estate (Regulation and Development) Rules, 2017
3       Bihar Real Estate (Regulation and Development) Rules, 2017
4       Chandigarh Real Estate (Regulation and Development) (General) Rules, 2016
5       National Capital Territory of Delhi Real Estate (Regulation and Development) (General) Rules, 2016
6       Dadra and Nagar Haveli Real Estate (Regulation and Development) (General) Rules, 2016
7       Daman and Diu Real Estate (Regulation and Development) (General) Rules, 2016
8       Goa Real Estate (Regulation and Development) (Registration of Real Estate Projects, Registration
         of Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, 2017
9       Gujarat Real Estate (Regulation and Development) (General) Rules, 2017
10     Haryana Real Estate (Regulation and Development) Rules, 2017
11     Karnataka Real Estate (Regulation and Development) Rules, 2017
12     Kerala Real Estate (Regulation and Development) Rules, 2018
13     Madhya Pradesh Real Estate (Regulation and Development) Rules, 2017
14     Maharashtra Real Estate (Regulation and Development) (Registration of real estate projects,
          Registration of real estate agents, rates of interest and disclosures on website) Rules, 2017
15     Punjab State Real Estate (Regulation and Development) Rules, 2017
16     Rajasthan Real Estate (Regulation and Development) Rules, 2017
17     Tamil Nadu Real Estate (Regulation and Development) Rules, 2017
18     Uttar Pradesh Real Estate (Regulation and Development) Rules, 2016
19     Uttarakhand Real Estate (Regulation and Development) (General) Rules, 2017
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Author Details
Pravin M. Bangar