The Real Estate (Regulation and Development) Act, 2016 aims to regulate and promote
the real estate sector by regulating the transactions between buyers and promoters of
residential as well as commercial projects. It also has provisions for establishing a regulatory authority at state level called “Real Estate Regulatory Authority” (RERA) for monitoring the real estate sector and adjudicating disputes relating to Real Estate Projects. The main aim of the Act is to protect buyers and help investment in Real Estate Sector.
Hence the Act, Divide the perspectives as follows:-
2. Promoters perspective,
3. Authority Perspective,
4. Government Perspective,
5. Agent Perspective and
6. Tribunal perspective.