A promoter (2(zk)) is not only the builder: it includes a land developer, a development authority, a co-operative housing society that builds for its members, a person holding a power of attorney from the landowner, and both the builder and the seller when they are different persons, who are then...
Read Complete Guide →The Act may be called the Real Estate (Regulation and Development) Act, 2016 (1(1)). In the text as enacted it extends to the whole of India except the State of Jammu and Kashmir (1(2)). It comes into force on the date the Central Government appoints by notification in the Official Gazette, and...
Carpet area (2(k)) is the net usable floor area of an apartment. It excludes external walls, service shafts, exclusive balcony or verandah and exclusive open terrace, and includes the area covered by internal partition walls. Common areas (2(n)) cover the land, staircases, lifts, basements, parks...
Interest (2(za)) is the rate payable by the promoter or the allottee, and the rate chargeable from the allottee on default must equal the rate the promoter pays the allottee on default. A completion certificate (2(q)) certifies the project was developed according to the sanctioned plan, layout plan...
Every promoter must apply to the Authority for registration, in the form, manner, time and fee specified by the Authority's regulations (4(1)). The application must carry the documents listed in 4(2)(a) to (m), including a declaration supported by an affidavit that covers title, encumbrances, the...
On receipt of the application the Authority must, within thirty days, either grant registration (with a registration number, Login Id and password) or reject it for reasons recorded in writing, and never without an opportunity of being heard (5(1)). If it does neither, the project is deemed...
The registration granted under section 5 may be extended by the Authority on an application by the promoter due to force majeure, in the form and on payment of the fee specified by the Authority's regulations. Separately, the Authority may, in reasonable circumstances, without default on the part...
The Authority may revoke a registration on a complaint, suo motu, or on the recommendation of the competent authority, if satisfied of one of four grounds (7(1)). It must first give the promoter not less than thirty days' notice in writing stating the grounds and consider any cause shown (7(2))...
"Upon lapse of the registration or on revocation of the registration", the Authority may consult the appropriate Government and take such action as it deems fit, including carrying out the remaining development works by the competent authority or by the association of allottees or in any other...
Every real estate agent registered under section 9 shall not facilitate the sale or purchase of any unit in a project not registered with the Authority (10(a)), shall maintain and preserve the books of account, records and documents as prescribed (10(b)), shall not indulge in unfair trade practices...
From the first step to full compliance, get professional assistance from the TaxClue team — matched to your exact RERA requirement.
Talk to a RERA Expert →