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Rera Act

Our advice on: Rera Act

section 22: The RERA 2016

Section 22: Qualifications of Chairperson and Members of Authority The Chairperson and other Members of the Authority shall be appointed by the appropriate Government on the recommendations of a Selection Committee consisting of the Chief Justice of the High Court or his nominee, the Secretary of...

Section 21: The RERA 2016

Section 21: Composition of Authority The Authority shall consist of a Chairperson and not less than two whole time Members to be appointed by the appropriate Government.

Section 20: The RERA 2016

Section 20: Establishment and incorporation of Real Estate Regulatory Authority (1) The appropriate Government shall, within a period of one year from the date of coming into force of this Act, by notification, establish an Authority to be known as the Real Estate Regulatory Authority to exercise...

Section 19: The RERA 2016

Section 19: Rights and duties of allottees (1) The allottee shall be entitled to obtain the information relating to sanctioned plans, layout plans along with the specifications, approved by the competent authority and such other information as provided in this Act or the rules and regulations made...

Section 18: The RERA 2016

Section 18: Return of amount and compensation (1) If the promoter fails to complete or is unable to give possession of an apartment, plot or building,- (a) in accordance with the terms of the agreement for sale or, as the case may be, duly completed by the date specified therein; or (b) due to...

Section 17: The RERA 2016

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: The RERA 2016

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: The RERA 2016

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: The RERA 2016

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. (2) Notwithstanding...

Section 13: The RERA 2016

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...