Tag Archives: Real Estate Act

Real Estate Act comes into force from 01.05.2017, Key Features

By | April 30, 2017

Real Estate Act comes into force from tomorrow; A new era begins, says the Government Ongoing and new projects shall be registered with Regulatory Authorities by July end Model Regulations issued by the Government Regulation of real estate sector becomes a reality ending nine year wait Ending the nine year long wait, regulation of real… Read More »

Penalties under Real Estate Act 2016

By | May 11, 2016

The Real Estate (Regulation and Development) Act, 2016 Penal Provisions Chapter VIII of the Act contains the provisions relating to Offences, Penalties and Adjudication. The quantum of the penalty is severe which is evidenced from the following table: Nature of contraventions Penalties Section 59(1): Contravenes the provisions of section 3 (Failure to get Registration of… Read More »