Government Of Maharashtra Publishes Draft Rules On RERA

The Real Estate (Regulation and Development) Act, 2016 (Act) was enacted on 25 March 2016. Out of 92 sections in the Act, 59 sections were notified by the Central Government on 27 April 2016, and came into force with effect from 1 May 2016. These sections are primarily in relation to establishment, functioning and administration of Real Estate Regulatory Authority (Regulatory Authority), Real Estate Appellate Tribunal (Appellate Tribunal), Central Advisory Council and Adjudicating Officer. Section 84 of the Act, which also became effective from 1 May 2016, provides that every State Government shall, within a period of 6 months of the commencement of the Act, make rules for carrying out the provisions of the Act.