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

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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

Key Stakeholders

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

Explore Sectors

Housing22 tracked→Urban Development53 tracked→Governance & Reform175 tracked→

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