50 Key features - the RERA in a NUTSHELL

50 Key features of the RERA, 2016
RERA Commencement
Appropriate Government - Definition
1. Stake Holders of RERA
2. Professionals
3. Ongoing Projects
4. Scope of RERA
5. Prohibition on Sales without RERA Regn.
6. RERA Registration
7. Exemption from RERA Registration - Small Projects
8. Exemption from RERA Registration - Ongoing projects
9. Exemption from RERA Registration - redevelopment
10. Time Limit for RERA Registration
11. Access to RERA Website
12. Creation of Project Web page
13. Quoting RERA #
14. 10% Limitation on booking fee
15. A separate registration for each phase
16. Agent Registration
17. Functions of a Real Estate Agent
18. Establishing RERA Authority
19. Changes to the sanctioned plan
20. Promoter’s Defect liability
21. The controversy of Carpet area ended
22. RERA Bank A/c - 70: 30 Rule
23. Withdraw from the project on a false statement
24. Return of amount invested
25. Allottee shall pay within the time
26. Allottee shall take physical possession
27. Allottee shall pay interest for delay
28. Mutual compromise on payment of interest for delay
29. Allottee’s participation in the formation of an association
30. Composition of RERA Authority
31. Filing of a complaint
32. RERA Power to call for information, etc.
33. RERA has Powers vested in a CIVIL Court
34. RERA has the power to issue interim orders
35. Establishment of Real Estate Appellate Tribunal
36. Establishment of more benches of REAT
37. Establishment of REAT by two or more states
38. Appeals to REAT
39. Time limit to make an Appeal before REAT
40. Offences and Penalties
41. Compounding of punishment
42. Appointing adjudicating Officer
43. Time limit for adjudicating compensation
44. Summoning Powers of Adjudicating Officer
45. Audit of accounts of RERA
46. Bar of jurisdiction to CIVIL Courts
47. Cognizance of offenses
48. Offence punishable under this Act
49. Power of Appropriate Govt. to make Rules
50. Power to make Regulations by RERA
51. Registration of Agreement for sale