Real estate sector plays a catalytic role in fulfilling the needs and demand for housing and infrastructure in the country and is an important pillar of the economy. While this sector has grown significantly in recent years, it has been largely unregulated, with absence of professionalism and standardisation and lack of adequate consumer protection. It has no sectoral regulator like there are for other specific sectors like insurance, telecom, stock markets etc. History is witness to the fact that whenever sectoral regulators like SEBI, IRDAI, TRAI etc have been formed, they have helped in deepening the market and made it more robust. Though the Consumer Protection Act, 1986 is available as a forum to the buyers in the real estate market, the recourse is only curative and is not adequate to address all the concerns of buyers and promoters in that sector. The lack of standardisation has been a constraint to the healthy and orderly growth of industry. Therefore, since more than a decade the need for regulating the sector was being emphasised in various forums.

In view of the above, Parliament enacted the Real Estate (Regulation and Development) Act, 2016 which aims at protecting the rights and interests of consumers and promotion of uniformity and standardization of business practices and transactions in the real estate sector. It attempts to balance the interests of consumers and promoters by imposing certain responsibilities on both. It seeks to establish symmetry of information between the promoter and purchaser, transparency of contractual conditions, set minimum standards of accountability and a fast-track dispute resolution mechanism


Projects exempt from the ambit of the Act

The following projects do not require to be registered under the Act:

  1. Area of land does not exceed 500 Sq. Meters
  2. No. of apartments does not exceed 8
  3. In case of Renovation/ Repair/Re-development

Application for Registration of real estate projects

Step 1

Applicant has to file an application for registration with RERA in prescribed form along with prescribed fees and documents

Step 2

Application for registration must be either approved or rejected within a period of 30 days from the date of application by the RERA

Step 3

On successful registration, the promoter of the project will be provided with a registration number, a login id and password for the applicant

About LegalVakil

What we are doing?

We are a technology-driven platform, offering services that cover the legal needs of startups and established businesses. Some of our services include incorporation, government registrations & filings, accounting, documentation and annual compliances. In addition, we offer a wide range of services to individuals, such as property agreements and tax filings. Our mission is to provide one-click access to individuals and businesses for all their legal and professional needs.

Get in Touch

Address : Plot No- 2, Behind S. K steel, Sohna Mod Sector-55, Faridabad, Haryana

Mobile No : +91-9634479908

Email :