Chapter 01 Are you ready to buy a house?
Chapter 02 Top Tips for first time home buyers
Chapter 03 Axis Bank EMI Waiver vs ICICI Banks
Chapter 04 GST impact on the realty sector
Chapter 05 How to buy a home that delivers long-term ROI?
Chapter 06Is it constitutional to apply RERA?
Chapter 07How will GST and TDS impact rental income?
Chapter 08Income Tax Benefits on Rent Paid
Chapter 09Griha pravesh tips for your new house
Chapter 10 How to choose the right colours for your home?
Chapter 11 What is Carpet Area, Built-Up Area?
Chapter 12 How carpet area definition changes?
Chapter 13 Vastu Tips For Bedroom
Chapter 14 Can an NRI purchase or own a property?
Chapter 15 State Draft Rules Of RERA By State Wise:
Chapter 16 RERA Act is Real Estate
Chapter 17 Hike in Guidance Value may hit flat buyers
The State Governments released draft rules for the act but they didn't ratify them. After the act was notified by 1st May 2016.
The Centre framed Real Estate Regulatory Act for accountability and efficiency in real estate, a sector that has so far not been obliged to operate within clearly delineated norms, and the law defines the rights and obligations of buyers and developers.
The state governments released draft rules for the act but did not ratify them. States such as Assam, Tripura, Karnataka, Tamil Nadu, Punjab, Himachal Pradesh, Mizoram, Jharkhand, Telangana, West Bengal and Chhattisgarh are yet to formalise RERA rules despite being ready with draft rules. After the Act was notified on May 1, 2016, states were required to notify their final rules within six months ending October 31.
So far Maharashtra, Uttar Pradesh, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Bihar, Chandigarh and Orissa have finalised their rules. The government had notified the final rules for the five Union Territories without legislators, and these are seen as undiluted and were expected to be a model for other states.
Here is a look at the Real Estate Regulatory Act rules as released by the states -
Maharashtra is one of the first Indian states to announce its own version of RERA.
Odish government has designated the Housing and urban development secretary as the RERA.
Due to the change of government, UP has lagged behind in setting up a regulatory authority.
Madhya Pradesh is one of few states that have set up Real Estate Regulatory Authority.
Gujarat was one of the first states to notify the draft Real Estate Regulatory Authority rules.
Andhra Pradesh is yet to come up with the final Real Estate Regulatory Authority rules.
West Bengal is yet to formalise Real Estate Regulatory Authority rules despite being ready with draft rules.
Centre has finalised the rules for all the Union territories of India.
Goa is yet to formalise Real Estate Regulatory Authority rules despite being ready with draft rules.
Tamil Nadu is ready with draft rules but is yet to formalise Real Estate Regulatory Authority rules.
Punjab is ready with draft rules but is yet to formalise Real Estate Regulatory Authority rules.
Karnataka is ready with draft rules but is yet to formalise Real Estate Regulatory Authority rules.
Centre has finalised the rules for all the Union territories of India.
The information provided herein have been collected from publicly available sources, and is yet to be verified as per RERA guidelines.*
The information sources used here include onsite interviews, marketing material and other information sources on the internet. The information related to ownership of this property are also based on material gathered from public sources mentioned above or as has been declared to us by the owners/person listing the property. These data have not yet been verified against authentic documents, and are only indicative of the actual situation of this property, project or land holding, and their ownership.
At PropertyConekt.com, we provide this information to help our users find publicly available data in a structured format. We are in the process of connecting with the relevant owners and verifying the data as per the provisions of the Real Estate (Regulation and Development) Act, 2016. We will keep updating the information here regularly. While we believe that the information provided to you is correct on the basis of the data provided to us, please consider this data and information as indicative and use your judgement and verify any information before making any decision.
