28 states, UTs notify real estate legislation

28 states, UTs notify real estate legislation
25/10/2018 , by , in News/Views

As many as 28 states and Union Territories (UTs) have so far notified the Real Estate (Regulation and Development) Act, 2016 in the country, an official said Wednesday.

According to the Housing and Urban Affairs Ministry, 20 states and UTs have established real estate appellate tribunals under the legislation, of which, seven are “regular” tribunals while there are 13 “interim” real estate appellate tribunals.

The act, which provides proper protection to home-buyers, was enacted by Parliament and states were given powers to notify their respective rules and appoint regulatory authorities.

“As of now, 28 states and UTs have notified RERA in the country. As many as 22 states have fully-functional web portals under the legislation,” ministry spokesperson Rajeev Jain said.

He said that 27 states and UTs have established the Real Estate Regulatory Authority and out of these there are 13 “regular” regulatory authority while 14 are “interim” authority.

Six northeastern states — Arunchal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland and Sikkim — have not notified the Act – are yet to notify the RERA and its rules due to land and other issues.

About admin