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Guide to Real Estate (Regulation & Development) Act, 2016 (Alongwith Commentary, FAQ's and States Rules)

Guide to Real Estate (Regulation & Development) Act, 2016 (Alongwith Commentary, FAQ's and States Rules)

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Description
Government of India to protect homebuyers and boost investment in the Real Estate Sector passed The Real Estate (Regulation and Development) Bill, 2016, (RERA Act), in Parliament last year in the month of March and all the 92 sections of the Act came into effect from 1st May, 2017. The Real Estate Act coming into force after a nine-year's wait and marks the beginning of a new era. The Central and State Governments are liable to notify the Rules under the Act within a statutory period of six months. The Act is applicable to whole of India, except Jammu and Kashmir. RERA is a regulatory body with the sole aim to protect and safeguard the consumer's interest. The Act mandate disclosure by promoter all things like details of project, layout plans, land status, agreement with real estate agents or architect and engineer etc. Under RERA, regulatory bodies and Appellate Tribunals have to be set up in each State to solve builder-buyer disputes.
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Contents
PART A - COMMENTARY ON REAL ESTATE (REGULATION & DEVELOPMENT) ACT, 2016
CHAPTER 1.    RERA - AN OVERVIEW
CHAPTER 2.    REGISTRATION OF REAL ESTATE PROJECT
CHAPTER 3.    REAL ESTATE AGENTS
CHAPTER 4.    FUNCTIONS AND DUTIES OF PROMOTER
CHAPTER 5.    RIGHTS AND DUTIES OF ALLOTTEES
CHAPTER 6.    THE REAL ESTATE REGULATORY AUTHORITY
CHAPTER 7.    CENTRAL ADVISORY COUNCIL
CHAPTER 8.    THE REAL ESTATE APPELLATE TRIBUNAL
CHAPTER 9.    OFFENCES, PENALTIES AND ADJUDICATION
CHAPTER 10.  FINANCE, ACCOUNTS, AUDITS AND REPORTS
CHAPTER 11.  MISCELLANEOUS
CHAPTER 12.  FREQUENTLY ASKED QUESTIONS (FAQs)
PART B - DIFFERENT FORMS UNDER RERA
CHAPTER 13.    DIFFERENT FORMS UNDER RERA
PART C - 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 AUTHORITY
CHAPTER 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      MISCELLANEOUS
PART D - STATE RULES FRAMED UNDER REAL ESTATE (REGULATION AND
DEVELOPMENT) ACT, 2016
THE ANDHRA PRADESH REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017

CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES
                           FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   SALARY AND ALLOWANCES PAYABLE AND OTHER TERMS AND CONDITIONS OF
                           SERVICE OF CHAIRPERSON AND MEMBERS OF THE REGULATORY AUTHORITY
CHAPTER VIII  POWERS AND FUNCTIONS OF THE AUTHORITY
CHAPTER IX    SERVICE CONDITIONS OF THE OFFICERS AND OTHER EMPLOYEES OF
                           THE AUTHORITY
CHAPTER X     REAL ESTATE APPELLATE TRIBUNAL
CHAPTER XI    OFFENCES AND PENALTIES
CHAPTER XII   MISCELLANEOUS
CHAPTER XIII  BUDGET AND REPORT
THE BIHAR REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I       PRELIMINARY
CHAPTER II      REAL ESTATE PROJECT
CHAPTER III     REAL ESTATE AGENT
CHAPTER IV     DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V      INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI     REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII    REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII   OFFENCES AND PENALTIES
CHAPTER IX      FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
CHAPTER X       BUDGET AND REPORT
THE CHANDIGARH REAL ESTATE (REGULATION AND DEVELOPMENT) (GENERAL) RULES, 2016
CHAPTER I        PRELIMINARY
CHAPTER II       REAL ESTATE PROJECT
CHAPTER III      REAL ESTATE AGENT
CHAPTER IV      DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V       INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI      REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII     CENTRAL ADVISORY COUNCIL
CHAPTER VIII    REAL ESTATE APPELLATE TRIBUNAL
CHAPTER IX      OFFENCES AND PENALITIES
CHAPTER X       FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
CHAPTER XI      BUDJET AND REPORT
THE CHANDIGARH REAL ESTATE (REGULATION AND DEVELOPMENT)
(AGREEMENT FOR SALE) RULES, 2016
CHAPTER I        PRELIMINARY
CHAPTER II       AGREEMENT FOR SALE
THE CHHATTISGARH REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I        PRELIMINARY
CHAPTER II       REAL ESTATE PROJECT
CHAPTER III      REAL ESTATE AGENT
CHAPTER IV      DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V       RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND
                             TIMELINES FOR REFUND
CHAPTER VI      REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII     REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII    OFFENCES AND PENALITITES
CHAPTER IX      BUDJECT AND REPORT
THE NATIONAL CAPITAL TERRITORY OF DELHI REALI ESTATE (REGULATION AND
DEVELOPMENT) (GENERAL) RULES, 2016
CHAPTER I       PRELIMINARY
CHAPTER II      REL ESTATE PROJECT
CHAPTER III     REAL ESTATE AGENT
CHAPTER IV     DETAILS TO BE PUBLISHED ON THE WEBSITE ON THE AUTHORITY
CHAPTER V      INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI     REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII    REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII   OFFENCES AND PENALITIES
CHAPTER IX      FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
CHAPTER X       BUDGET AND REPORT
THE NATIONAL CAPITAL TERRITORY OF DELHI REAL ESTATE (REGULATION AND
DEVELOPMENT) (AGREEMENT FOR SALE) RULS, 2016
CHAPTER I       PRELIMINARY
CHAPTER II      AGREEMENT FOR SALE
THE GUJARAT REAL ESTATE (REGULATION AND DEVELOPMENT) (GENERAL) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT
CHAPTER IV    RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND
                           TIMELINES FOR REFUND
CHAPTER V     CENTRAL ADVISORY COUNCIL
CHAPTER VI    OFFENCES AND PENALTIES
THE GUJARAT REAL ESTATE (REGULATION AND DEVELOPMENT) (MATTERS RELATING TO
THE REAL ESTATE REGULATORY AUTHORITY) RULES, 2016
THE GUJARAT ESTATE (REGULATION AND DEVELOPMENT) (MATTERS RELATING GUJARAT
REAL ESTATE APPELLATE TRIBUNAL) RULES, 2016
THE HARYANA REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017

PART I        PRELIMINARY
PART II       REAL ESTATE PROJECT
PART III      REAL ESTATE AGENT 
PART IV      DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
PART V       INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
PART VI      REAL ESTATE REGULATORY AUTHORITY
PART VII     REAL ESTATE APPELLATE TRIBUNAL
PART VIII    OFFENCES AND PENALTIES
PART IX      FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
PART X       BUDGET AND REPORT
THE KARNATAKA REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     RATE OF THE INTEREST PAYABLE PROMOTER AND ALLOTTEE AND
                            TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   SALARY AND ALLOWANCES OF CHAIRPERSON AND MEMBERS OF
                            REAL ESTATE REGULATORY AUTHORITY
CHAPTER VIII  POWERS AND FUNCTIONS OF THE AUTHORITY
CHAPTER IX    CONDITIONS OF SERVICE OF OFFICERS AND OTHER EMPLOYEES
CHAPTER X     FILING OF COMPLAINT
CHAPTER XI    REAL ESTATE APPELLATE TRIBUNAL
CHAPTER XI    OFFENCES AND PENALTIES
CHAPTER XII   MISCELLANEOUS
CHAPTER XIII  BUDGET AND REPORT
THE MADHYA PRADESH REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII  OFFENCES AND PENALTIES
CHAPTER IX    BUDGET AND REPORT
CHAPTER X     MISCELLANEOUS
THE MAHARASHTRA REAL ESTATE (REGULATORY AND DEVELOPMENT) (REGISTRATION
OF REAL ESTATE PROJECTS, REGISTRATION OF REAL ESTATE AGENTS, RATES OF INTEREST
AND DISCLOSURES ON WEBSITE) RULES, 2017

CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER V     DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER VI    MISCELLANEOUS
THE MAHARASHTRA REAL ESTATE (REGULATION AND DEVELOPMENT) (RECOVERY OF
INTEREST, PENALTY, COMPENSATION, FINE PAYABLE, FORMS OF COMPLAINTS AND
APPEAL, ETC.) RULES, 2017

RULES 1 TO 9
FORM 'A' TO 'C'
THE ODISHA REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII  OFFENCES AND PENALTIES
CHAPTER IX    FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
CHAPTER X     BUDGET AND REPORT
THE PUNJAB REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE UPLOADED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII  OFFENCES AND PENALTIES
CHAPTER IX     FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
CHAPTER X      BUDGET AND REPORT
THE RAJASTHAN REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND
                           TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII  OFFENCES AND PENALTIES
CHAPTER IX    BUDGET AND REPORT
CHAPTER X     MISCELLANEOUS
THE TAMIL NADU REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND
                            TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII  OFFENCES AND PENALTIES
CHAPTER IX    BUDGET AND REPORT
THE TELANGANA REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2017 
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   CENTRAL ADVISORY COUNCIL
CHAPTER VIII   THE ANGANA REAL ESTATE APPELLATE TRIBUNAL
CHAPTER IX     OFFENCES AND PENALTIES
CHAPTER X      FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING OFFICER
CHAPTER XI     BUDGET AND REPORT
CHAPTER XII    FORM 'A' TO 'P'
ANNEXURE
THE UTTARAKHAND REAL ESTATE (REGULATION AND DEVELOPMENT) (GENERAL)
RULES, 2017
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND
                           TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE AUTHORITY
CHAPTER VII   CENTRAL ADVISORY COUNCIL
CHAPTER VIII  THE ESTATE APPELLATE TRIBUNAL
CHAPTER IX    OFFENCES AND PENALTIES
CHAPTER X     FILING OF COMPLAINT WITH THE AUTHORITY AND THE ADJUDICATING
                            OFFICER
CHAPTER XI    BUDGET AND REPORT
THE UTTAR PRADESH REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2016
CHAPTER I      PRELIMINARY
CHAPTER II     REAL ESTATE PROJECT
CHAPTER III    REAL ESTATE AGENT 
CHAPTER IV    DETAILS TO BE PUBLISHED ON THE WEBSITE OF THE AUTHORITY
CHAPTER V     RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND
                           TIMELINES FOR REFUND
CHAPTER VI    REAL ESTATE REGULATORY AUTHORITY
CHAPTER VII   REAL ESTATE APPELLATE TRIBUNAL
CHAPTER VIII  OFFENCES AND PENALTIES
CHAPTER IX    BUDGET AND REPORT
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