Real Estate (Regulation and Development) Act, 2016 comes Into force


Real Estate (Regulation and Development) Act came into force on 1 May 2016. This much awaited and widely acclaimed Act sets up in motion the process of making necessary operational rules and creation of institutional infrastructure for protecting the interests of consumers.

The Act is all set to promote the growth of real estate sector in an environment of trust, confidence, credible transactions and efficient and time bound execution of projects.  

Highlights of Act:
1. Sets up in motion the process of making necessary operational rules and creation of institutional infrastructure for protecting the interests of consumers.
2. Promotes the growth of real estate sector in an environment of trust, confidence, credible transactions and efficient and time bound execution of projects.


Source – The Hindu






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