About RERA for Homebuyers
| The Real Estate (Regulation and Development) Act, 2016
Chronology of the events Real Estate (Regulation & Development) Act, 2016 [RERA] — Implementation Progress Report Objects of Real Estate (Regulation and Development) Act, 2016 The Real Estate (Regulation and Development) Act, 2016 CHAPTER I PRELIMINARY Section 1         Short title, extent and commencement Section 2         Definitions CHAPTER II REGISTRATION OF REAL ESTATE PROJECT AND Section 3         Prior registration of real estate project with Real Estate Regulatory Authority Section 4         Application for registration of real estate projects Section 5         Grant of Registration Section 6         Extension of Registration Section 7         Revocation of Registration Section 8         Obligation of Authority consequent upon lapse of or on revocation of registration Section 9         Registration of Real Estate Agents Section 10       Functions of Real Estate Agents
CHAPTER III FUNCTIONS AND DUTIES OF PROMOTER Section 11       Functions and duties of promoter Section 12       Obligations of promoter regarding veracity of the advertisement or prospectus Section 13       No deposit or advance to be taken by promoter without first entering into agreement for sale Section 14       Adherence to sanctioned plans and project specifications by the promoter Section 15       Obligations of promoter in case of transfer of a real estate project to a third party Section 16       Obligations of promoter regarding insurance of real estate project Section 17       Transfer of title Section 18       Return of amount and compensation CHAPTER IV RIGHTS AND DUTIES OF ALLOOTTEES Section 19       Rights and Duties of Allottees CHAPTER V THE REAL ESTATE REGULATORY AUTHORITY Section 20       Establishment and incorporation of Real Estate Regulatory Authority Section 21       Composition of Authority Section 22       Qualifications of Chairperson and Members of Authority Section 23       Term of office of Chairperson and Members Section 24       Salary and allowances payable to Chairperson and Members Section 25       Administrative powers of Chairperson Section 26       Removal of Chairperson and Members from office in certain circumstances Section 27       Restrictions on Chairperson or Members on employment after cessation of office Section 28       Officers and other employees of Authority Section 29       Meeting of Authority Section 30       Vacancies etc., not to invalidate proceeding of Authority Section 31       Filing of complaints with the Authority or the adjudicating officer Section 32       Functions of Authority for promotion of real estate sector Section 33       Advocacy and awareness measures Section 34       Functions of Authority Section 35       Powers of Authority to call for information, conduct investigations Section 36       Power to issue interim orders Section 37       Powers of Authority to issue directions Section 38       Powers of Authority Section 39       Rectification of orders Section 40       Recovery of interest or penalty or compensation and enforcement of order, etc. CHAPTER VI CENTRAL ADVISORY COUNCIL Section 41       Establishment of Central Advisory Council Section 42       Functions of Central Advisory Council CHAPTER VII THE REAL ESTATE APPELLATE TRIBUNAL Section 43       Establishment of Real Estate Appellate Tribunal Section 44       Application for settlement of disputes and appeals to Appellate Tribunal Section 45       Composition of Appellate Tribunal Section 46       Qualifications for appointment of Chairperson and Members Section 47       Term of office of Chairperson and Members Section 48       Salary and allowances payable to Chairperson and Members Section 49       Removal of Chairperson and Member from office in certain circumstances Section 50       Restrictions on Chairperson or Judicial Member or Technical or Administrative Member on employment after cessation of office Section 51       Officers and other employees of Appellate Tribunal Section 52       Vacancies Section 53       Powers of Tribunal Section 54       Administrative powers of Chairperson of Appellate Tribunal Section 55       Vacancies, etc., not to invalidate proceeding of Appellate Tribunal Section 56       Right to legal representation Section 57       Orders passed by Appellate Tribunal to be executable as a decree Section 58       Appeal to High Court CHAPTER VIII OFFENCES, PENALTIES AND ADJUDICATION Section 59       Punishment for non-registration under section 3 Section 60       Penalty for contravention of section 4 Section 61       Penalty for contravention of other provisions of this Act Section 62       Penalty for non-registration and contravention under sections 9 and 10 Section 63       Penalty for failure to comply with orders of Authority by promoter Section 64       Penalty for failure to comply with orders of Appellate Tribunal by promoter Section 65       Penalty for failure to comply with orders of Authority by real estate agent Section 66       Penalty for failure to comply with orders of Appellate Tribunal by real estate agent Section 67       Penalty for failure to comply with orders of Authority by allottee Section 68       Penalty for failure to comply with orders of Appellate Tribunal by allottee Section 69       Offences by companies Section 70       Compounding of offences Section 71       Power to adjudicate Section 72       Factors to be taken into account by the adjudicating officer CHAPTER IX FINANCE, ACCOUNTS, AUDITS AND REPORTS Section 73       Grants and loans by Central Government Section 74       Grants and loans by State Government Section 75       Constitution of Fund: ‘Real Estate Regulatory Fund’ Section 76       Crediting sums realised by way of penalties to Consolidated Fund of India or State account Section 77       Budget, accounts and audit Section 78       Annual report CHAPTER X MISCELLANEOUS Section 79       Bar of Jurisdiction Section 80       Cognizance of Offences Section 81       Delegation Section 82       Power of appropriate Government to supersede Authority Section 83       Powers of appropriate Government to issue directions to Authority and obtain reports and returns Section 84       Power of appropriate Government to make rules Section 85       Power to make regulations Section 86       Laying of rules Section 87       Members etc., to be public servants Section 88       Application of other laws not barred  Section 89       Act to have overriding effect Section 90       Protection of action taken in good faith Section 91       Power to remove difficulties Section 92       Repeal of Maharashtra Act No. II of 2014 |
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