Real Estate (Regulation and Development) Act 2016 came into force
Posted on:02 May 2016 11:25:08
Free Current Affairs to Your Email
02 May 2016 Current Affairs: The Real Estate (Regulation and Development) Act, 2016 came into force on 1 May 2016. In this regard, Union Ministry of Housing and Urban Poverty Alleviation (HUPA) had notified 69 of the total 92 sections of the Act to bring it into force from 1 May 2016. Key provisions of Acts Sets up in motion the process of making necessary operational rules and creation of institutional infrastructure for protecting the interests of consumers.
Promotes the growth of real estate sector in an environment of trust, confidence, credible transactions and efficient and time bound execution of projects.Real Estate Regulatory Authority will be formulated within one year as per the mandate of Act. Regulatory Authorities will have to dispose of complaints in 60 days and Appellate Tribunals will be required to adjudicate cases in 60 days.
FreshersLive - No.1 Job site in India. Here you can find latest 2018 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.