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ActHistoricalSunday, 1 May 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 state-level Real Estate Regulatory Authorities to protect homebuyers, promote transparency, and ensure timely delivery of real estate projects. Required registration of all projects and agents, escrow for buyer funds.
Key Facts
TypeAct
SourceHistorical Record (Curated)
PublishedSunday, 1 May 2016
Affected Population~500 million urban residents, 8,000+ cities/towns
Key Numbers
PMAY-U: 1.18 crore houses sanctioned
Smart Cities Mission: 100 cities
Metro rail: 900+ km operational
20 million central + state government employees
Key Authorities
Ministry of Housing & Urban AffairsSmart Cities MissionPMOCabinet SecretariatDARPG
Key Stakeholders
Urban ResidentsMunicipal CorporationsReal Estate DevelopersCivil ServantsState GovernmentsJudiciary
Government Context
NDA IBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Urban Development51 tracked→Governance & Reform180 tracked→
Read Full Text at Source
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