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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 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

Key Stakeholders

Government Context

NDA IBJP-led NDA

Centre-Right

LeftCentreRight

Explore Sectors

Urban Development53 tracked→Governance & Reform175 tracked→

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