Bharat’s RERA for Homebuyers by CA. Pravin M. Bangar

The Real Estate (Regulation and Development) Act, 2016

Chronology of the events                                                                              

Real Estate (Regulation & Development) Act, 2016 [RERA] — Implementation Progress Report

Objects of Real Estate (Regulation and Development) Act, 2016                

The Real Estate (Regulation and Development) Act, 2016
(No. 16 of 2016)

CHAPTER I

PRELIMINARY

Section 1         Short title, extent and commencement                                  

Section 2         Definitions                                                                             

CHAPTER II

REGISTRATION OF REAL ESTATE PROJECT AND
REGISTRATION OF REAL ESTATE AGENTS

Section 3         Prior registration of real estate project with Real Estate Regulatory Authority        

Section 4         Application for registration of real estate projects                 

Section 5         Grant of Registration                                                             

Section 6         Extension of Registration                                                      

Section 7         Revocation of Registration                                                    

Section 8         Obligation of Authority consequent upon lapse of or on revocation of registration 

Section 9         Registration of Real Estate Agents                                       

Section 10       Functions of Real Estate Agents                                           

CHAPTER III

FUNCTIONS AND DUTIES OF PROMOTER

Section 11       Functions and duties of promoter                                          

Section 12       Obligations of promoter regarding veracity of the advertisement or prospectus      

Section 13       No deposit or advance to be taken by promoter without first entering into agreement for sale                                                                                               

Section 14       Adherence to sanctioned plans and project specifications by the promoter  

Section 15       Obligations of promoter in case of transfer of a real estate project to a third party  

Section 16       Obligations of promoter regarding insurance of real estate project   

Section 17       Transfer of title                                                                      

Section 18       Return of amount and compensation                                     

CHAPTER IV

RIGHTS AND DUTIES OF ALLOOTTEES

Section 19       Rights and Duties of Allottees                                              

CHAPTER V

THE REAL ESTATE REGULATORY AUTHORITY

Section 20       Establishment and incorporation of Real Estate Regulatory Authority        

Section 21       Composition of Authority                                                     

Section 22       Qualifications of Chairperson and Members of Authority    

Section 23       Term of office of Chairperson and Members                        

Section 24       Salary and allowances payable to Chairperson and Members           

Section 25       Administrative powers of Chairperson                                  

Section 26       Removal of Chairperson and Members from office in certain circumstances           

Section 27       Restrictions on Chairperson or Members on employment after cessation of office  

Section 28       Officers and other employees of Authority                           

Section 29       Meeting of Authority                                                             

Section 30       Vacancies etc., not to invalidate proceeding of Authority    

Section 31       Filing of complaints with the Authority or the adjudicating officer 

Section 32       Functions of Authority for promotion of real estate sector   

Section 33       Advocacy and awareness measures                                       

Section 34       Functions of Authority                                                          

Section 35       Powers of Authority to call for information, conduct investigations

Section 36       Power to issue interim orders                                                 

Section 37       Powers of Authority to issue directions                                

Section 38       Powers of Authority                                                              

Section 39       Rectification of orders                                                           

Section 40       Recovery of interest or penalty or compensation and enforcement of order, etc.     

CHAPTER VI

CENTRAL ADVISORY COUNCIL

Section 41       Establishment of Central Advisory Council                          

Section 42       Functions of Central Advisory Council                                 

CHAPTER VII

THE REAL ESTATE APPELLATE TRIBUNAL

Section 43       Establishment of Real Estate Appellate Tribunal                  

Section 44       Application for settlement of disputes and appeals to Appellate Tribunal    

Section 45       Composition of Appellate Tribunal                                       

Section 46       Qualifications for appointment of Chairperson and Members          

Section 47       Term of office of Chairperson and Members                        

Section 48       Salary and allowances payable to Chairperson and Members           

Section 49       Removal of Chairperson and Member from office in certain circumstances 

Section 50       Restrictions on Chairperson or Judicial Member or Technical or Administrative Member on employment after cessation of office                                    

Section 51       Officers and other employees of Appellate Tribunal             

Section 52       Vacancies                                                                               

Section 53       Powers of Tribunal                                                                 

Section 54       Administrative powers of Chairperson of Appellate Tribunal           

Section 55       Vacancies, etc., not to invalidate proceeding of Appellate Tribunal 

Section 56       Right to legal representation                                                  

Section 57       Orders passed by Appellate Tribunal to be executable as a decree   

Section 58       Appeal to High Court                                                            

CHAPTER VIII

OFFENCES, PENALTIES AND ADJUDICATION

Section 59       Punishment for non-registration under section 3                   

Section 60       Penalty for contravention of section 4                                   

Section 61       Penalty for contravention of other provisions of this Act     

Section 62       Penalty for non-registration and contravention under sections 9 and 10      

Section 63       Penalty for failure to comply with orders of Authority by promoter

Section 64       Penalty for failure to comply with orders of Appellate Tribunal by promoter          

Section 65       Penalty for failure to comply with orders of Authority by real estate agent 

Section 66       Penalty for failure to comply with orders of Appellate Tribunal by real estate agent           

Section 67       Penalty for failure to comply with orders of Authority by allottee   

Section 68       Penalty for failure to comply with orders of Appellate Tribunal by allottee 

Section 69       Offences by companies                                                          

Section 70       Compounding of offences                                                     

Section 71       Power to adjudicate                                                               

Section 72       Factors to be taken into account by the adjudicating officer

CHAPTER IX

FINANCE, ACCOUNTS, AUDITS AND REPORTS

Section 73       Grants and loans by Central Government                             

Section 74       Grants and loans by State Government                                 

Section 75       Constitution of Fund: 'Real Estate Regulatory Fund'           

Section 76       Crediting sums realised by way of penalties to Consolidated Fund of India or State account                                                                                               

Section 77       Budget, accounts and audit                                                   

Section 78       Annual report                                                                         

CHAPTER X

MISCELLANEOUS

Section 79       Bar of Jurisdiction                                                                 

Section 80       Cognizance of Offences                                                        

Section 81       Delegation                                                                              

Section 82       Power of appropriate Government to supersede Authority   

Section 83       Powers of appropriate Government to issue directions to Authority and obtain reports and returns                                                                                    

Section 84       Power of appropriate Government to make rules                  

Section 85       Power to make regulations                                                     

Section 86       Laying of rules                                                                       

Section 87       Members etc., to be public servants                                       

Section 88       Application of other laws not barred                                     

Section 89       Act to have overriding effect                                                

Section 90       Protection of action taken in good faith                                

Section 91       Power to remove difficulties                                                 

Section 92       Repeal of Maharashtra Act No. II of 2014