to purchase in any manner any plot, apartment or building, as the case may be, in any real
estate project or part of it, in any planning area, without registering the real estate project
with the Real Estate Regulatory Authority established under this Act:
Provided that projects that are ongoing on the date of commencement of this Act and
for which the completion certificate has not been issued, the promoter shall make an application
to the Authority for registration of the said project within a period of three months from the
date of commencement of this Act:
Provided further that if the Authority thinks necessary, in the interest of allottees, for
projects which are developed beyond the planning area but with the requisite permission of
the local authority, it may, by order, direct the promoter of such project to register with the
Authority, and the provisions of this Act or the rules and regulations made thereunder, shall
apply to such projects from that stage of registration.
(2) Notwithstanding anything contained in sub-section (1), no registration of the real
estate project shall be required—
(a) where the area of land proposed to be developed does not exceed five hundred
square meters or the number of apartments proposed to be developed does not exceed
eight inclusive of all phases:
Provided that, if the appropriate Government considers it necessary, it may,
reduce the threshold below five hundred square meters or eight apartments, as the
case may be, inclusive of all phases, for exemption from registration under this Act;
(b) where the promoter has received completion certificate for a real estate project
prior to commencement of this Act;
(c) for the purpose of renovation or repair or re-development which does not
involve marketing, advertising selling or new allotment of any apartment, plot or
building, as the case may be, under the real estate project.
Explanation.—For the purpose of this section, where the real estate project is to
be developed in phases, every such phase shall be considered a stand alone real estate
project, and the promoter shall obtain registration under this Act for each phase
separately.
Section 3 • The real estate (regulation and development) act, 2016
Section 3. (1) No promoter shall advertise, market, book, sell or offer for sale, or invite persons
real-estate-regulation-and-development-act-2016-sec-3.json
•
Section 3
{
"act_title": "The real estate (regulation and development) act, 2016",
"act_slug": "real-estate-regulation-and-development-act-2016",
"section_label": "Section",
"section": {
"number": "3",
"title": "Section 3. (1) No promoter shall advertise, market, book, sell or offer for sale, or invite persons",
"chapter": null,
"content": "to purchase in any manner any plot, apartment or building, as the case may be, in any real\nestate project or part of it, in any planning area, without registering the real estate project\nwith the Real Estate Regulatory Authority established under this Act:\nProvided that projects that are ongoing on the date of commencement of this Act and\nfor which the completion certificate has not been issued, the promoter shall make an application\nto the Authority for registration of the said project within a period of three months from the\ndate of commencement of this Act:\nProvided further that if the Authority thinks necessary, in the interest of allottees, for\nprojects which are developed beyond the planning area but with the requisite permission of\nthe local authority, it may, by order, direct the promoter of such project to register with the\nAuthority, and the provisions of this Act or the rules and regulations made thereunder, shall\napply to such projects from that stage of registration.\n(2) Notwithstanding anything contained in sub-section (1), no registration of the real\nestate project shall be required—\n(a) where the area of land proposed to be developed does not exceed five hundred\nsquare meters or the number of apartments proposed to be developed does not exceed\neight inclusive of all phases:\nProvided that, if the appropriate Government considers it necessary, it may,\nreduce the threshold below five hundred square meters or eight apartments, as the\ncase may be, inclusive of all phases, for exemption from registration under this Act;\n(b) where the promoter has received completion certificate for a real estate project\nprior to commencement of this Act;\n(c) for the purpose of renovation or repair or re-development which does not\ninvolve marketing, advertising selling or new allotment of any apartment, plot or\nbuilding, as the case may be, under the real estate project.\nExplanation.—For the purpose of this section, where the real estate project is to\nbe developed in phases, every such phase shall be considered a stand alone real estate\nproject, and the promoter shall obtain registration under this Act for each phase\nseparately.",
"footnote": "",
"is_definition": false,
"sort_order": 2
},
"prev_section": "2",
"next_section": "4"
}