The Real Estate (Regulation & Development) Act, 2016 has come into force on 1st May, 2016 and as per the provisions of the Act, the state government has to form the rules and incorporate the regulatory authority within 1 year from the enforcement of the same so as to regulate the real estate sector in […]
Last one year has been a major milestone for real estate sector with the indulgence of Insolvecy & Bakruptcy Act,2016, Real Estate (Regulation & Development) Act, 2016 and Goods and Service tax. Understanding the same is a much needed task. In this article basic provisions of RERA has been explained as an elementary guide.
As per the RERA rules, the allottee is entitled to receive information about the sanctioned plan, approved layout plan, stage wise progress of the project, carpet area and facilitation of basic amenities & services such as drinking water, electricity, sanitation etc.
