HRERA

Introduction
The Government of India has enacted The Real Estate (Regulation and Development) Act, 2016. The Act has come into force from 1st May 2017. The Preamble to the Act reads, "An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in and efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and also to establish the Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority and the adjudicating officer and for matters connected therewith or incidental thereto" Under the Real Estate (Regulation and Development) Act, 2016, Government of Haryana has notified The Haryana Real Estate (Regulation and Development) Rules, 2017 which came into force from 28.07.2017

Objective
  • To regulate real estate sector for its harmonious growth and development.
  • To bring transparency in the dealings between the promoters of real estate projects and buyers of apartments.
  • To ensure that the real estate projects are completed within the prescribed time frame
  • To resolve disputes relating to the projects expeditiously.
  • To enforce the provisions of law and the orders of the Authority.