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The real estate (regulation and development) act, 2016

The real estate (regulation and development) act, 2016

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Section 1. (1) This Act may be called the Real Estate (Regulation and Development) Act, 2016.

Section 1

Section 2. In this Act, unless the context otherwise requires,—

Section 2

Section 3. (1) No promoter shall advertise, market, book, sell or offer for sale, or invite persons

Section 3

Section 4. (1) Every promoter shall make an application to the Authority for registration of the

Section 4

Section 5. (1) On recipt of the application under sub-section ( 1) of section 4, the Authority

Section 5

Section 6. The registration granted under section 5 may be extended by the Authority on an

Section 6

Section 7. (1) The Authority may, on receipt of a complaint or suo motu in this behalf or on the

Section 7

Section 8. Upon lapse of the registration or on revocation of the registration under this Act, the

Section 8

Section 9. (1) No real estate agent shall facilitate the sale or purchase of or act on behalf of any

Section 9

Section 10. Every real estate agent registered under section 9 shall—

Section 10

Section 11. (1) The promoter shall, upon receiving his Login Id and password under clause (a)

Section 11

Section 12. Where any person makes an advance or a deposit on the basis of the information

Section 12

Section 13. (1) A promoter shall not accept a sum more than ten per cent of the cost of the

Section 13

Section 14. (1) The proposed project shall be developed and completed by the promoter in

Section 14

Section 15. (1) The promoter shall not transfer or assign his majority rights and liabilities in

Section 15

Section 16. ( 1) The promoter shall obtain all such insurances as may be notified by the

Section 16

Section 17. (1) The promoter shall execute a registered conveyance deed in favour of the

Section 17

Section 18. (1) If the promoter fails to complete or is unable to give possession of an apartment,

Section 18

Section 19. (1) The allottee shall be entitled to obtain the information relating to sanctioned

Section 19

Section 20. (1) The appropriate Government shall, within a period of one year from the date of

Section 20

Section 21. The Authority shall consist of a Chairperson and not less than two whole time

Section 21

Section 22. The Chairperson and other Members of the Authority shall be appointed by the

Section 22

Section 23. (1) The Chairperson and Members shall hold office for a term not exceeding five

Section 23

Section 24. (1) The salary and allowances payable to, and the other terms and conditions of

Section 24

Section 25. The Chairperson shall have powers of general superintendence and directions in

Section 25

Section 26. (1) The appropriate Government may, in accordance with the procedure notified,

Section 26

Section 27. (1) The Chairperson or a Member, ceasing to hold office as such, shall not—

Section 27

Section 28. (1) The appropriate Government may, in consultation with the Authority appoint

Section 28

Section 29. (1) The Authority shall meet at such places and times, and shall follow such rules

Section 29

Section 30. No act or proceeding of the Authority shall be invalid merely by reason of—

Section 30

Section 31. (1) Any aggrieved person may file a complaint with the Authority or the adjudicating

Section 31

Section 32. The Authority shall in order to facilitate the growth and promotion of a healthy,

Section 32

Section 33. (1) The appropriate Government may, while formulating a policy on real estate

Section 33

Section 34. The functions of the Authority shall include—

Section 34

Section 35. (1) Where the Authority considers it expedient to do so, on a complaint or suo motu,

Section 35

Section 36. Where during an inquiry, the Authority is satisfied that an act in contravention of

Section 36

Section 37. The Authority may, for the purpose of discharging its functions under the provisions

Section 37

Section 38. (1) The Authority shall have powers to impose penalty or interest, in regard to any

Section 38

Section 39. The Authority may, at any time within a period of two years from the date of the

Section 39

Section 40. (1) If a promoter or an allottee or a real estate agent, as the case may be, fails to pay

Section 40

Section 41. (1) The Central Government may, by notification, establish with effect from such

Section 41

Section 42. (1) The functions of the Central Advisory Council shall be to advise and recommend

Section 42

Section 43. (1) The appropriate Government shall, within a period of one year from the date of

Section 43

Section 44. (1) The appropriate Government or the competent authority or any person aggrieved

Section 44

Section 45. The Appellate Tribunal shall consist of a Chairperson and not less than two whole

Section 45

Section 46. (1) A person shall not be qualified for appointment as the Chairperson or a Member

Section 46

Section 47. (1) The Chairperson of the Appellate Tribunal or a Member of the Appellate Tribunal

Section 47

Section 48. ( 1) The salary and allowances payable to, and the other terms and conditions of

Section 48

Section 49. (1) The appropriate Government may, in consultation with the Chief Justice of the

Section 49

Section 50. (1) The Chairperson or Judicial Member or Technical or Administrative Member,

Section 50

Section 51. (1) The appropriate Government shall provide the Appellate Tribunal with such

Section 51

Section 52. If, for reason other than temporary absence, any vacancy occurs in the office of the

Section 52

Section 53. (1) The Appellate Tribunal shall not be bound by the procedure laid down by the

Section 53

Section 54. The Chairperson shall have powers of general superintendence and direction in

Section 54

Section 55. No act or proceeding of the Appellate Tribunal shall be invalid merely by reason

Section 55

Section 56. The applicant or appellant may either appear in person or authorise one or more

Section 56

Section 57. (1) Every order made by the Appellate Tribunal under this Act shall be executable

Section 57

Section 58. (1) Any person aggrieved by any decision or order of the Appellate Tribunal, may,

Section 58

Section 59. (1) If any promoter contravenes the provisions of section 3, he shall be liable to a

Section 59

Section 60. If any promoter provides false information or contravenes the provisions of

Section 60

Section 61. If any promoter contravenes any other provisions of this Act, other than that

Section 61

Section 62. If any real estate agent fails to comply with or contravenes the provisions of

Section 62

Section 63. If any promoter, who fails to comply with, or contravenes any of the orders or

Section 63

Section 64. If any promoter, who fails to comply with, or contravenes any of the orders, decisions

Section 64

Section 65. If any real estate agent, who fails to comply with, or contravenes any of the orders

Section 65

Section 66. If any real estate agent, who fails to comply with, or contravenes any of the orders,

Section 66

Section 67. If any allottee, who fails to comply with, or contravenes any of the orders, decisions

Section 67

Section 68. If any allottee, who fails to comply with, or contravenes any of the orders or

Section 68

Section 69. (1) Where an Offence under this Act has been committed by a company, every

Section 69

Section 70. Notwithstanding anything contained in the Code of Crimnal Procedure, 1973, if

Section 70

Section 71. (1) For the purpose of adjudging compensation under sections 12, 14, 18 and

Section 71

Section 72. While adjudging the quantum of compensation or interest, as the case may be,

Section 72

Section 73. The Central Government may, after due appropriation made by Parliament in this

Section 73

Section 74. The State Government may, after due appropriation made by State Legislature by

Section 74

Section 75. (1) The appropriate Government shall constitute a fund to be called the 'Real Estate

Section 75

Section 76. (1) All sums realised, by way of penalties, imposed by the Appellate Tribunal or the

Section 76

Section 77. ( 1) The Authority shall prepare a budget, maintain proper accounts and other

Section 77

Section 78. (1) The Authority shall prepare once in every year, in such form and at such time as

Section 78

Section 79. No civil court shall have jurisdiction to entertain any suit or proceeding in respect

Section 79

Section 80. (1) No court shall take cognizance of any offence punishable under this Act or the

Section 80

Section 81. The Authority may, by general or special order in writing, delegate to any member,

Section 81

Section 82. (1) If, at any time, the appropriate Government is of the opinion,—

Section 82

Section 83. (1) Without prejudice to the foregoing provisions of this Act, the Authority shall,

Section 83

Section 84. ( 1) The appropriate Government shall, within a period of six months of the

Section 84

Section 85. (1) The Authority shall, within a period of three months of its establishment, by

Section 85

Section 86. (1) Every rule made by the Central Government, every regulation made by the

Section 86

Section 87. The Chairperson, Members and other officers and employees of the Authority, and

Section 87

Section 88. The provisions of this Act shall be in addition to, and not in derogation of, the

Section 88

Section 89. The provisions of this Act shall have effect, notwithstanding anything inconsis-

Section 89

Section 90. No suit, prosecution or other legal proceedings shall lie against the appropriate

Section 90

Section 91. (1) If any difficulty arises in giving effect to the provisions of this Act, the Central

Section 91

Section 92. The Maharashtra Housing (Regulation and Development) Act, 2012 is hereby

Section 92

Section 2014. GMGIPMRND—5324GI(S3)—26-03-2016.

Section 2014