RERA Law and RERA Rules and Real Estate Regulation Act Explained in Details in English

RERA Law and RERA Rules and Real Estate Regulation Act Explained in Details in English
RERA law was enacted in 2016 and then implemented under which the State governements are under obligation to create RERA authorities and regulate the real estate projects falling within their state.
RERA law mandates the registration of every project where more than 8 units are being constructed or more than 8 units of plots are being sold.
The Real Estate (Regulation and Development) Act, 2016 (RERA) is a legislation enacted by the Indian Parliament to regulate the real estate sector in India. The main objective of RERA is to protect the interests of homebuyers and to promote transparency and accountability in the real estate sector.
Under RERA, every state and union territory in India is required to establish a Real Estate Regulatory Authority (RERA) to regulate the real estate sector in that region. RERA has provisions for mandatory registration of all new and ongoing real estate projects with the regulatory authority, and for the disclosure of project details such as project plans, layout, completion schedule, and approvals. Developers are required to deposit a certain percentage of the project cost in an escrow account to ensure that the funds are used only for the construction of that project.
RERA also mandates that developers cannot make any changes to the project plan without the consent of at least two-thirds of the homebuyers, and that developers are liable for any structural defects or quality issues that arise within five years of the possession of the property.
RERA has brought in a lot of transparency and accountability in the real estate sector, which was previously known for its lack of transparency and customer complaints. The key benefits of RERA are:
Protection of homebuyers: RERA provides protection to homebuyers by ensuring that they have access to complete project details, timely completion of projects, and quality construction.
Accountability and transparency: RERA ensures that developers are accountable for their actions and that they are transparent in their dealings. Developers are required to maintain a separate bank account for each project, and any withdrawals from the account must be used only for the construction of that project.
Dispute resolution: RERA has provisions for timely and effective resolution of disputes between homebuyers and developers, thus reducing the number of litigations in the real estate sector.
Boost to the real estate sector: RERA has created a level playing field for all players in the real estate sector, which has increased the confidence of homebuyers and investors. This has resulted in increased investments in the real estate sector, leading to the growth of the sector.
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Real Estate Regulatory Authority
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Real Estate
RERA registration process explained in details by a lawyer

[@LegalHelpLineIndia]

Excellent explanation of RERA law by the lawyer.

[@ajoygupta1589]

Need some more clarification with respect to Super Built up Area and Carpet Area charges specially in Jharkhand . Ajoy Gupta, Adv. Deoghar, Jharkahand

[@amotivationlife2323]

Sir Kya Main District Government Hospital ke Doctor ke khilaf PIL fill ker sakta hu Hight Court or SC?

[@LegalHelpLineIndia]

No you can not file a PIL against the doctor.

[@manishachaudhary6461]

Supreme court mai uttpad ka case dekhte hai kya sir??

[@LegalHelpLineIndia]

Sir your query is not clear, please mail the query to [e-mail] .

[@user-vn2zz7fy8q]

The victimised lawyer returned to Court and took a “sweet revenge”
Delhi Crown Bureau
New Delhi: Advocate Umesh Sharma, who has been in the limelight for all the wrong reasons over the past one year including allegations of Adultery by his wife, beat up a lawyer outside Court Room Number 8 of Patiala House Courts at around 10:30 hours on Monday (May 29).
“The assault by Adv. Umesh Sharma was totally unprovoked,” eye-witnesses told www.thedelhicrown .
The victimised lawyer was wearing casual clothes at the time of the incident, and Adv. Umesh Sharma continued beating him up while hurling abuses at him and shouting that he was a fake lawyer.
According to sources, after the incident the victimised lawyer went away, picked up his formal dress from his home and returned to the Court at around 12:30 hours, and took a “sweet revenge” on Adv. Umesh Sharma by repeatedly slapping him on his face.
This time the scene was in front of snacks-shops inside the Court premises, outside the Ahlmad Rooms. And, soon there was a commotion inside the Court premises.
The matter reached the New Delhi Bar Association (NDBA), i.e. Patiala House Bar Association, where President Jagdeep Vats and other office bearers were present. NDBA President Jagdeep Vats publicly admonished and scolded Adv. Umesh Sharma for his “unprovoked act” in the morning hours. The victimised lawyer too was present at the Bar Room.
It was ascertained that Adv. Umesh Sharma is not a member of NDBA, but utilises the Bar Library facility on a daily basis and misbehaves with advocates unabatedly.
The NDBA office bearers delved into the matter and reached at the conclusion that Adv. Umesh Sharma be barred from using the NDBA Library, and also keep a strict check on his behavior in the future whenever he is at Patiala House Courts.
Incidentally, Adv. Umesh Sharma’s wife, who is also a leading advocate in Delhi, has on various occasions accused him for indulging in Adultery. She even caught him “red-handed” on several occasions. It is learnt that she has also filed applications before various courts against her husband, i.e. Adv. Umesh Sharma and one Chhaya Sharma accusing both for Adultery.
Sources told www.thedelhicrown.com that Chhaya Sharma works as a part-time worker at the Foreign Correspondents Club (FCC) of South Asia situated at AB-19, Mathura Road, just opposite to the Supreme Court of India. It was Adv. Umesh Sharma who got Chhaya Sharma the employment at the Club, added the sources.
Reliable sources also said that Adv. Umesh Sharma was thrown out of his house by his lawyer wife and other family members nearly two years ago after he was caught “red-handed” while indulging in acts of Adultery with different women. For two years Adv. Umesh Sharma has been living alone, away from his family.