The real estate sector has grown at an amazingly fast rate during the past 3 decades and has been catering to the housing needs of the upwardly mobile middle-class population. However, the sector remained more or less unregulated and many issues emerged such as lack of transparency on project specifications, non-adherence to agreed project completion period, deviations from agreed project components etc. As it was found essential to have an exclusive regulatory mechanism for the real estate sector, the Parliament passed the Real Estate (Regulation and Development) Act, 2016.
Subsequently, the Government of Kerala promulgated the Kerala Real Estate (Regulation and Development) Rules, 2018, which paved the way for the formation of Kerala Real Estate Regulatory Authority (K-RERA).
The Real Estate (Regulation and Development) Act, 2016, the Kerala Real Estate Development Rules, 2018, and the Kerala Real Estate Regulatory Authority (General) Regulations, 2020, form the legal framework for the regulations
Q1. RELEVANCE OF THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016:
Q2. FEATURES OF THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016:
Q3. THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016, AND BUYERS:
Q4. ABOUT REAL ESTATE PROJECTS:
Q5. WHO CAN BE REFERRED TO AS A REAL ESTATE AGENT? :
Q6. PRECAUTIONS TO BE TAKEN BY HOME BUYERS:
Q7. K-RERA AND ITS ACTIVITIES :
Q8. RESPONSE OF BUILDERS TO RERA :
Q9. K-RERA: THE ROAD AHEAD :