1. Introduction
2. Sector overview
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- 2.1 Real estate sector overview
- 2.2 Why RERA?
- 2.3 Filling the gap
- 2.4 Exercises
3. Understanding the RERA framework
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- 3.1 How is RERA to be implemented?
- 3.2 Applicability of RERA
- 3.3 Effect of implementing the Act
- 3.4 Real Estate Regulatory Authority
- 3.5 Constitution of RERA
- 3.6 Functions of the Real Estate Authority
- 3.7 Functions promoting the real estate sector
- 3.8 Filing of complaints and power of authority
- 3.9 Exercises
4. Understanding key terms
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- 4.1 Carpet area under RERA
- 4.2 Apartment
- 4.3 Common area
- 4.4 External and internal development works
- 4.5 Exercises
5. RERA for buyer/allottee
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- 5.1 Allottee
- 5.2 How does RERA benefit buyers?
- 5.3 Checks before bookings
- 5.4 In whose name to book the property, and benami properties
- 5.5 Paying booking amount and entering into an agreement for sale
- 5.6 Getting information, taking possession and making payments
- 5.7 Complaint
- 5.8 Exercises
6. RERA for developer, builder, or promoter
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- 6.1 Who is a promoter?
- 6.2. Promoter’s functions
- 6.3. Promoter’s duties
- 6.4 Exercises
7. Developer, builder or promoter: Necessary certificates
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- 7.1 Commencement Certificate
- 7.2 Completion Certificate
- 7.3 Occupancy Certificate
- 7.4 Exercises
8. Developer, builder or promoter: Project registration
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- 8.1 Compulsory registration under RERA
- 8.2 Registration procedure
- 8.3 Validity of registration
- 8.4 Revocation of registration
- 8.5 What happens after a lapse or revocation of registration?
- 8.6 Exercises
9. Developer, builder, or promoter: Other aspects
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- 9.1 Promoter’s disclosure on RERA website
- 9.2 Adherence to sanctioned plans and project specifications
- 9.3 Advertisements/ prospectus/ publication
- 9.4. Agreement for sale in a prescribed format
- 9.5 Separate account
- 9.6 Punishments and penalties for non-compliance
- 9.7 Exercises
10. RERA for real estate agents
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- 10.1 Introduction
- 10.2 Who are REA under RERA?
- 10.3 Scope of work
- 10.4 Registration of real estate agent
- 10.5 Revocation or suspension of registration
- 10.6 Registration on the website
- 10.7 Functions of Real Estate Agents
- 10.8 Penalties
- 10.9 Exercises
11. Some other matters and the road ahead
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- 11.1 RERA IBC conflict
- 11.2 Road ahead