All buildings which have not got OC will have to take license from RERA

law1By Dr Sanjay Chaturvedi, LLB, PhD

Accommodation Times News Services

Under Real Estate (Regulation and Development) Act 2016, it is mandatory to register all ongoing real estate projects. Let us understand the provisions of the new Act. The Act will regulate all real estate development process and real estate transaction process in the country. The Act came into force from 1st May 2016.

Though housing is a state subject, new Act wants all state to establish Real Estate Regulatory Authority.  According to Sec 20 (1)  after the establishment of the Authority, which will be within one year from date of commencement (1st May 2016) all new and ongoing projects will have to register with the Authority within three months. The relevant section says :

3. (1) No promoter shall advertise, market, book, sell or offer for sale, or invite persons





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