Indian_Real_Estate_Law (2)

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THE REAL ESTATE (REGULATION
AND DEVELOPMENT) ACT, 2016
MINISTRY OF LAW AND JUSTICE
(Legislative Department)
New Delhi, the 26th March, 2016/Chaitra
6, 1938 (Saka)
The following Act of Parliament received
the assent of the President on the 25th March,
2016, and is hereby published for general information:—
THE REAL ESTATE (REGULATION
AND DEVELOPMENT) ACT, 2016
No. 16 oF 2016 [25th March, 2016.]
An Act to establish the Real Estate Regulatory
Authority for regulation and promotion
of the real estate sector and to ensure sale of
plot, apartment or building, as the case may
be, or sale of real estate project, in an efficient
and transparent manner and to protect
the interest of consumers in the real estate sector
and to establish an adjudicating mechanism
for speedy dispute redressal and also to
establish the Appellate Tribunal to hear appeals
from the decisions, directions or orders
of the Real Estate Regulatory Authority and
the adjudicating officer and for matters connected
therewith or incidental thereto.
BE it enacted by Parliament in the Sixtyseventh
Year of the Republic of India as follows:—
1.1 CHAPTER I PRE-
LIMINARY
1.1.1 Short title, extent and
commencement
1. (1) This Act may be called the Real Estate
(Regulation and Development) Act, 2016. —
(2) It extends to the whole of India except the
State of Jammu and Kashmir.
(3) It shall come into force on such date as
the Central Government may, by notification
in the Official Gazette, appoint:
Provided that different dates may be appointed
for different provisions of this Act and
any reference in any such provision to the commencement
of this Act shall be construed as a
reference to the coming into force of that provision.
1.1.2 Definitions
2. In this Act, unless the context otherwise
requires, —
(a) “adjudicating officer" means the adjudicating
officer appointed under sub-section (1)
of section 71;
(b) "advertisement" means any document
described or issued as advertisement through
any medium and includes any notice, circular
or other documents or publicity in any form,
informing persons about a real estate project,
or offering for sale of a plot, building or apartment
or inviting persons to purchase in any
manner such plot, building or apartment or to
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