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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.
Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
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
1 change recorded for this policy.
TypeSunday, 19 July 2026via historical
policy
act
Explore Sectors
Housing32 tracked→Urban Development53 tracked→Governance & Reform429 tracked→
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