Sunday, 7 May 2017

RERA Updates April 2017

On April 17, 2017, following regulations have been notified:

Relevant Rules/notifications


On April 20, 2017, rest of all of the provisions of the Act, whichever not notified in April, 2016, have now been notified to come into effect from May 1, 2017.

On April 20, 2017, state of Maharashtra has notified the Maharashtra Real Estate (Regulation and Development) (Recovery of Interest, Penalty, Compensation, Fine payable, Forms of Complaints and Appeal, etc.) Rules, 2017 and Maharashtra Real Estate (Regulation and Development)(Registration of real estate projects, Registration of real estate agents, rates of interest and disclosures on website) Rules, 2017, Maharashtra Real Estate Appellate Tribunal Officers and Employees (Appointment and Service Conditions) Rules 2017, Maharashtra Real Estate Regulatory Authority (Form of Annual Statement of Accounts and Annual Report) Rules, 2017.

On April 28, 2017, the state of Uttarakhand has notified Uttarakhand Real Estate (Regulation and Development) (General) Rules, 2017.

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