The Real Estate ( Regulation and Development) Act,2016

The Real Estate (Regulation and Development) Act, 2016 (RERA) revolutionizes India’s real estate sector by establishing a statutory mechanism that safeguards consumer interests, increases transparency, and formalizes builder-buyer relations. This authoritative Bare Act presents the complete, original, and updated text of the legislation governing the registration of real estate projects, disclosure obligations of promoters, roles of real estate agents, and the rights of allottees. It clearly explains the regulatory powers of the Real Estate Regulatory Authorities (RERAs), the functioning of the Appellate Tribunals, and the adjudication of disputes relating to delays, defects, financial mismanagement, and non-compliance by developers. Designed for clarity and practical use, this edition covers penalties, enforcement mechanisms, financial discipline through escrow norms, timelines for project completion, and grievance redressal processes. Professionals involved in real estate transactions—such as lawyers, developers, architects, and consultants—will find it indispensable for navigating compliance requirements and legal responsibilities under the Act. With its comprehensive and precise statutory content, the book is equally useful for homebuyers seeking clarity on their rights and remedies, as well as students preparing for legal, competitive, and professional examinations. This Bare Act serves as the definitive resource for understanding modern real estate regulation in India.