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Act Extends to Residential and Commercial Real Estate

Registration of Real Estate Projects with Regulatory Authority - Above 500

Square Meters or above 8 Apartments

Registration of Real Estate Agents who intend to sell any plot, apartment

building - which is required to be registered with the Regulatory Authority

or

Promoter to make disclosure of all relevant project information for public view

such as -

a. details of promoters, layout plan, plan of development works, land status,

status of the statutory approvals, number of parking, time period for

project completion etc.

b. proforma of agreements to be entered into with the buyers.

c. names and addresses of agents, contractors, architect, engineer etc.

9

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