The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes a Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute resolution. The bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016. The Act came into force on 1 May 2016 with 59 of 92 sections notified. Remaining provisions came into force on 1 May 2017. The Central and state governments are liable to notify the Rules under the Act within a statutory period of six months.
- Project Registration
- Quarterly Returns
- Project Extension Request
- Project Withdrawal Request
- Preparing up-to-date list regarding number and types of apartments or plots, garages booked;
- Assisting client in taking approvals which are pending subsequent to commencement certificate;
- Assisting client in obtaining completion certificate or the occupancy certificate;
- Assisting client in obtaining the lease certificate and any other certificates as and when required;
- Assisting client in preparing various documents, agreement and deed from time to time;
- Help in maintaining web page and providing information as are required to be mentioned on that web page;
- Provide assistance with regard to any other information and documents as may be demanded by the Authority;
- Valuation of projects under RERA