Government of India has enacted the Real Estate (Regulation and Development) Act 2016 and all the sections of the Act shall come into force with effect from May 1, 2017

Ensuring Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project.
Protecting the interest of consumers in real estate sector
Establishing adjudicating mechanism for speedy dispute redressal
Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority

The key responsibilities of the Authority shall be as follows:

Ensuring Disclosures of Real Estate Projects by Promoters
Real Estate Projects Registration
Real Estate Agents Registration
Complaints Redressal
Provide recommendations to appropriate Government on in matters relating to the development & promotion of real estate sector

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