As you would be aware that The Real Estate (Regulations & Development) Act, 2016 (REDA) has commenced from 1st May 2017. The said Act was made effective from 1st May 2016. Among other, the said Act lays down the registration requirements, compliances and penalties in case of violation for real estate projects and real estate agent.
As per section 84 of said Act, every State/Union Territory was required to make rules for the proper implementation of the provision of this Act, within 6 months from effective date of this Act. The last date 31/10/2016 has gone back but the rules for many States have not be notified.
Further, as per section 20 of said Act, every State/UT were required to constitute ‘Real Estate Regulation Authority’ within 1 year from the effective date of the Act. However, even after a lapse of 1 year, major the States have not constituted the RERA.
For your kind perusal, we are making State-wise Status of RERA:
|S. No.||State||RERA Rules||RERA Authority||Registration Status|
|2.||Andaman & Nicobar||Yes|
|4.||Dadra & Nagar||Yes|
|5.||Daman & Diu||Yes|
|21.||Himachal Pradesh||Draft Rules|
|22.||West Bengal||Draft Rules|
As per the REDA Act, States or UT which are notified the REDA Rules and formulated Authority were required to start online facility for registration and displaying the information for the general public to increase transparency and accuracy. However, only 3 State has so far prepared online portal for displaying and getting registration.
Please note that this article is for education purpose only. This is based on our research and information and stand correct on any particular date. We would not be liable for any loss due to reliance placed on this article.
Author – CA Amarpal, 9717105008