Union Government notifies rules for Real Estate Act for five UTs

Posted on:02 Nov 2016 09:19:44

Union Government notifies rules for Real Estate Act for five UTs
02 November 2016 Current Affairs GK: The Union Government has notified the rules for Real Estate (Regulation and Development) (General) Rules, 2016 that seeks to regulate the housing sector besides bringing transparency and ensuring timely completion of projects in five Union Territories.

The rules notified by the Housing Ministry will be applicable to Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, and Lakshadweep.

Ministry of Urban Development will come out with such rules for the National Capital Region of Delhi while the other States and UTs will come out with their own rules.

The Act, which is touted as a major reform measure to regulate the vast real estate sector, requires registration of all projects with state-level Real Estate Regulatory Authorities to ensure protection of the interests of both buyers and builders.

The Real Estate (Regulation & Development) Act, 2016 was partly brought into effect on 1 May 2016.

Gk Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Gk Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Gk Current Affairs February 2017

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
25 FEBRUARY
NEWS
24 FEBRUARY
NEWS




Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.