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ActArchiveFriday, 25 March 2016

Real Estate (Regulation and Development) Act (RERA), 2016

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Citations are auto-generated; verify before publishing. The act classification is PolicyDhara's, not the source's.

Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.

Summary

Established Real Estate Regulatory Authorities in each state to protect homebuyers and promote transparency. Mandated project registration, escrow accounts for 70% of funds, and penalties for delays.

Key Facts

TypeAct
SourceHistorical Record
PublishedFriday, 25 March 2016
Affected Population~100 million urban housing shortage, 30 million rural

Key Numbers

PMAY: 4.13 crore houses total sanctioned
Urban housing shortage: 10 million units
Affordable Housing Fund: Rs 25,000 crore
PMAY-U: 1.18 crore houses sanctioned

Key Authorities

Ministry of Housing & Urban AffairsNHBSmart Cities MissionPMOCabinet Secretariat

Key Stakeholders

HomebuyersReal Estate DevelopersSlum DwellersUrban ResidentsMunicipal CorporationsCivil Servants

Government Context

NDA IBJP-led NDA
Centre-Right
LeftCentreRight

Amendment History

2 changes recorded for this policy.

TypeSunday, 19 July 2026via historical
policy
act
SectorsTuesday, 11 August 2026via historical
Housing, Social Protection, Urban Development
Governance & Reform, Housing, Urban Development

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