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The Real Estate (Regulation And Development) Act, 2016

Document Category: Real Estate, Act
Tags: Rental, Affordable, EWS, Mixed Housing, Acts Policies and Orders, Acts, Housing, India, Real Estate (Regulation and Development) Act, Real estate in India

The Real Estate Act, 2016 aims at protecting the rights and interests of consumers and promotion of uniformity and standardization of business practices and transactions in the real estate sector. It attempts to balance the interests of consumers and promoters by imposing certain responsibilities on both. It seeks to establish symmetry of information between the promoter and purchaser, transparency of contractual conditions, set minimum standards of accountability and a fast-track dispute resolution mechanism.

The Real Estate (Regulation And Development) Act, 2016. New Delhi, India: Ministry of Housing and Urban Poverty Alleviation, Government of India, 2016.
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