“Total 15 states/UTs already set up standard RERA (Real Estate Regulatory Authority) while 13 hold interim RERA”
Over 34,891 ongoing real-estate projects and 27,072 independent real-estate agents, being registered through ‘RERA’ across India till now, as per housing & urban affairs Report.
For now, 28 out of 35 states & union territories (UTs) have officially notified legislations under ‘RERA’ while the West Bengal geared up to enact its own law e.g. ‘HIRA’ (Housing & Industrial Regulation Act, 2017). However, the state is being instructed for notifying the regulations under the real-estate [Regulation & Development] Act 2016.
Jammu and Kashmir, among six North-eastern states e.g. Manipur, Arunachal Pradesh, Mizoram, Meghalaya, Sikkim, and Nagaland have not yet been notified the legislation under ‘RERA’.
A total of 15 States, UTs have officially set up standard ‘RERA’ (Real Estate Regulatory Authority) while 13 holds interim RERA. However, Nine states, UTs have established interim Real-Estate appellate tribunal, informed by the ministry.
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