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legislation Historical Sunday, 1 May 2016

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

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Citations are auto-generated; verify before publishing. The legislation classification is PolicyDhara's, not the source's.
 
  
 
Legislative action — a bill, act, or amendment that creates or modifies the legal framework. 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
 
 
 Type Legislation 
 
 Source Historical Record (Curated) 
 
 Published Sunday, 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 I BJP-led NDA 
 
 
 
  Centre-Right 
 
 
 Left Centre Right 
 
 
 
 
      
 
Explore Sectors
 
  Urban Development 49 tracked →  Governance & Reform 211 tracked →  
 
  
 
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