property · In Force

Real Estate (Regulation and Development) Act 2016

Project registration mandatory. 70% funds in separate escrow account. Carpet area as pricing basis. 5-year structural defect liability. RERA Authority and Appellate Tribunal.

Enforced

1 May 2017

Ministry

Ministry of Housing & Urban Affairs

Key provisions and changes

• Project registration mandatory
• 70% fund escrow
• Carpet area pricing
• 5-year defect liability
• RERA Appellate Tribunal