28 States/UTs have set up Real Estate Appellate Tribunal and 30 States/UTs have set up Real Estate Regulatory Authority under RERA Act, 2016

Ministry of Housing & Urban Affairs

28 States/UTs have set up Real Estate Appellate Tribunal and 30 States/UTs have set up Real Estate Regulatory Authority under RERA Act, 2016

Government creates Rs. 25,000 Crore Special Window for Affordable and Mid Income Housing Investment Fund to provide last mile funding to stalled real estate projects

As per the latest information available with the Ministry, 28 States/ Union Territories (UTs) have set up Real Estate Appellate Tribunal and 30 States/UTs have set up the Real Estate Regulatory Authority under Real Estate (Regulation & Development) Act, 2016 (RERA). State-wise implementation details are annexed. Information regarding number of cases pending and average time taken to resolve them in Real Estate Tribunals is not maintained centrally.

Various measures have been taken by the Government to protect the interest of homebuyers from time to time. RERA ensures to protect the interest of homebuyers by regulating and promoting in Real Estate Sector in a transparent and accountable manner. Section 4 of RERA provides for compulsory deposit of seventy percent of amount realised for real estate project from allottees in a separate bank account to cover the cost of construction and land cost. RERA also, interalia, makes the promoter liable for refund of amount, with interest and compensation, in case developer fails to complete or is unable to give possession of apartment, plot, building to homebuyer; as per the terms of the agreement for sale.

Moreover, in order to provide last mile funding to stalled real estate projects which are net-worth positive and registered under RERA, a Special Window for Affordable and Mid Income Housing (SWAMIH) Investment Fund of Rs. 25,000 Crore has been created.

Annexure

Real Estate (Regulation & Development) Act, 2016 [RERA]                                  

Implementation Progress Report
(as on 19-03-2022)

Sl. State General Rules Establishment of Regulatory Authority Establishment of Appellate Tribunal Web Portal Adjudicat-ing Officer Registrations Total no. of Cases disposed by Authority
Projects Agents
1 Andhra Pradesh Notified Permanent Permanent Setup Appointed 2420 154 158
2 Arunachal Pradesh Notified Interim Not Established Not Setup Not Appointed 0 0 0
3 Assam Notified Permanent Permanent Setup Not Appointed 464 38 21
4 Bihar Notified Permanent Permanent Setup Appointed 1305 415 1154
5 Chhattisgarh Notified Permanent Permanent Setup Appointed 1378 646 1424
6 Goa Notified Permanent Permanent Setup Appointed 847 336 131
7 Gujarat Notified Permanent Permanent Setup Appointed 9818 1869 3367
8 Haryana * Notified Permanent Permanent Setup Appointed 965 2812 18383
9 Himachal Pradesh Notified Permanent Permanent Setup Appointed 101 113 44
10 Jharkhand Notified Permanent Permanent Setup Appointed 821 7 93
11 Karnataka Notified Permanent Permanent Setup Appointed 4739 2823 3087
12 Kerala Notified Permanent Permanent Setup Appointed 708 235 651
13 Madhya Pradesh Notified Permanent Permanent Setup Appointed 4115 1009 4,926
14 Maharashtra Notified Permanent Permanent Setup Appointed 33882 33798 11621
15 Manipur Notified Interim Interim Not Setup Not Appointed 0
16 Meghalaya Notified Not Established Not Established Not Setup Not Appointed
17 Mizoram Notified Interim Not Established Setup Appointed 0
18 Nagaland Not Notified Not Established Not Established Not Setup Not Appointed
19 Odisha Notified Permanent Permanent Setup Appointed 659 85 1247
20 Punjab Notified Permanent Permanent Setup Appointed 1116 2596 2106
21 Rajasthan Notified Permanent Permanent Setup Appointed 1843 3102 1488
22 Sikkim Notified Not Established Not Established Not Setup Not Appointed
23 Tamil Nadu Notified Permanent Permanent Setup Appointed 3981 2308 1766
24 Telangana Notified Interim Interim Setup Not Appointed 4282 2148 2
25 Tripura Notified Permanent Interim Setup Appointed 91 5 0
26 Uttar Pradesh Notified Permanent Permanent Setup Appointed 3183 5151 34419
27 Uttarakhand Notified Permanent Interim Setup Not Appointed 336 350 629
28 West Bengal Notified Not Established Not Established Not Setup Not Appointed
Union Territories
1 Andaman & Nicobar Island Notified Permanent Permanent Setup Appointed 3 28 0
2 Chandigarh Notified Permanent Permanent Setup Not Appointed 3 16 25
3 Dadra& Nagar Haveli and Daman & Diu Notified Permanent Permanent Setup Appointed 163 2 0
4 Jammu & Kashmir Notified Interim Not Established Not Setup Not Appointed 0 0 0
5 Ladakh Notified Not Established Not Established Not Setup Not Appointed
6 Lakshadweep Notified Permanent Permanent Setup Appointed 0 0 0
7 NCT of Delhi Notified Permanent Permanent Setup Not Appointed 38 440 197
8 Puducherry Notified Interim Permanent Setup Not Appointed 194 3 3
Total       77455 60489 86942

 

* Haryana has 2 Regulatory Authorities i.e. one for Gurugram and other at Panchkula for rest of Haryana.

This information was given by the Minister of State for Housing & Urban Affairs, Shri Kaushal Kishore, in a written reply in the Rajya Sabha today.

Posted On: 28 MAR 2022 2:43PM by PIB Delhi