President assents Real Estate Regulation and Development Act 2016
MINISTRY OF LAW AND JUSTICE
New Delhi, the 26th March, 2016/Chaitra 6, 1938 (Saka)
The following Act of Parliament received the assent of the President on the 25th March, 2016, and is hereby published for general information:—
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016
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[25th March, 2016.]
An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Sixty-seventh Year of the Republic of India as follows:—
Short title, extent and commencement.
1. (1) This Act may be called the Real Estate (Regulation and Development) Act, 2016.
(2) It extends to the whole of India except the State of Jammu and Kashmir.
(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:
Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.