Section 6 – Extension Of Registration Its Legislative History And Its Present-Day Effect

Section 6 of the Real Estate (Regulation and Development) Act, 2016 deals with extension of registration granted to a real estate project. To fully understand the manner and the reasons for extension as is intended to be granted by the makers of the Act, we would like to first briefly set out the many changes the concept of extension of registration went through before coming into force in its' present form.

INTRODUCTION IN THE RAJYA SABHA

The Real Estate (Regulation and Development) Bill, 2013 ("Bill") as was originally introduced in the Rajya Sabha provided quite simply in Clause 6 that the registration granted under Section 5 could be extended by the Authority on an application made by the promoter (i) under such conditions as may be prescribed and (ii) in such form and on payment of such fee as may be specified by the regulations made by the Authority.