INTRODUCTION
The Real Estate (Regulation and Development) Act, 2016
(hereinafter called the Act) was enacted with an objective of
standardizing business practices and transactions and bringing
uniformity in the Real Estate sector, with a view to further
consumer protection, and for the establishment of the Real Estate
Regulatory Authority at the State Level. The Real Estate Regulatory
Authority has been established for the function of registration of
promoters and real estate agents, redressal of consumer grievances
against builders, regulation of the conduct of real estate agents
and for regulation of transactions related to Residential and
Commercial Projects, which in turn ensures timely completion and
handover of projects.
