Section 17: Transfer of title (1) The promoter shall execute a registered conveyance deed in favour of the allottee along with the undivided proportionate title in the common areas to the association of the allottees or the competent authority, as the case may be, and hand over the physical...
Section 16: Obligations of promoter regarding the insurance of real estate project (1) The promoter shall obtain all such insurances as may be notified by the appropriate Government, including but not limited to insurance in respect of- (i) title of the land and building as a part of the real...
Section 15: Obligations of promoter in case of transfer of a real estate project to a third party (1) The promoter shall not transfer or assign his majority rights and liabilities in respect of a real estate project to a third party without obtaining prior written consent from two-third allottees,...
Section 14: Adherence to sanctioned plans and project specifications by the promoter (1) The proposed project shall be developed and completed by the promoter in accordance with the sanctioned plans, layout plans and specifications as approved by the competent authorities....
Section 13: No deposit or advance to be taken by promoter without first entering into agreement for sale (1) A promoter shall not accept a sum more than ten per cent of the cost of the apartment, plot, or building as the case may be, as an advance payment or an application fee, from a person...
If builder made false advertisement or prospectus, model apartment, plot or building then the builder will return entire investment of buyer along with interest.
Section 11: Functions and duties of promoter (1) The promoter shall, upon receiving his Login Id and password under clause (a) of sub-section (1) or under sub-section (2) of section 5, as the case may be, create his web page on the website of the Authority and enter all details of the proposed...
Section 10: Functions of real estate agents Every real estate agent registered under section 9 shall- (a) not facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being sold by the promoter in any planning area, which is...
Section 9: Registration of real estate agents (1) No real estate agent shall facilitate the sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, being the part of the...
Section 8: Obligation of Authority consequent upon lapse of or on revocation of registration Upon lapse of the registration or on revocation of the registration under this Act, the Authority, may consult the appropriate Government to take such action as it may deem fit including the carrying out...
Section 7: Revocation of registration (1) The Authority may, on receipt of a complaint or suo motu in this behalf or on the recommendation of the competent authority, revoke the registration granted under section 5, after being satisfied that- (a) the promoter makes default in doing anything...
Section 6: Extension of registration The registration granted under section 5 may be extended by the Authority on an application made by the promoter due to force majeure, in such form and on payment of such fee as may be specified by regulations made by the Authority: Provided that the Authority...
Section 5: Grant of registration (1) On recipt of the application under sub-section (1) of section 4, the Authority shall within a period of thirty days. (a) grant registration subject to the provisions of this Act and the rules and regulations made thereunder, and provide a registration number,...
Section 4: Application for registration of real estate projects (1) Every promoter shall make an application to the Authority for registration of the real estate project in such form, manner, within such time and accompanied by such fee as may be specified by the regulations made by the Authority....
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 (1) No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any...