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Real Estate (Regulation and Development) Act, …

real Estate (Regulation and Development) Act, 2016(RERA)July 2017 Price : Rs. 150/- (Excluding postage) THE INSTITUTE OF COMPANY SECRETARIES OF INDIAAll rights reserved. No part of this book may be translated or copied in anyform or by any means without the prior written permission of The Institute ofCompany Secretaries of by :THE INSTITUTE OF COMPANY SECRETARIES OF INDIAICSI House, 22, Institutional Area, Lodi RoadNew Delhi - 110 003 Phones: 45341000, 41504444 o Fax : 24626727E-mail: Website : at Chandu Press /100/July 2017(ii)PREFACEOver the past decades, India has emerged as one of the few worldeconomies with a combination of healthy economic perspective andsuccessive growth at global platform, amidst the mood of cynicism andreservations of emerging economies.

2 Real Estate (Regulation and Development) Act, 2016 (RERA) IBEF Report (2016) estimates that India’s real estate sector’s market size is expected to grow upto USD180 billion by 2020 from USD93.8 billion in 2014, that reflects an increase

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