Real Estate Regulation & Development General Rules 2016

Q.  The Union Government on 31st Oct notified rules for the Real Estate (Regulation and Development)( General) Rules 2016 that seeks to regulate which sector?
- Published on 02 Nov 16

a. Housing
b. Commercial complexes
c. Residential houses
d. Both a and c
e. All of the above

ANSWER: Both a and c
 
Real Estate Regulation & Development General Rules 2016This seeks to regulate the housing sector besides ensuring transparency and timely completion of projects in the UTs.
  • Rules notified by the Housing Ministry will be applicable to Andaman and Nicobar islands, Dadra and Nagra Haveli, Daman and Diu, Lakshwadeep and Chandigarh.
  • Real Estate Regulation and Development Act 2016 is a major reform measure to regulate the vast real estate sector, requiring the registration of all projects with state level Real Estate Regulatory Authorities to ensure protection of buyers and developers.
  • The rules will also be framed for the NCR of Delhi while other states and UTs will come out with their own rules.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲