The Real Estate (Regulation and Development) Act, 2016 (“Act”) was introduced with an aim to regulate and promote the real estate sector and to establish an adjudicating mechanism for redressal of disputes with respect to real estate projects. Considering the number of real estate regulatory authorities that are in operation today across the country, one of the biggest challenges that we see is the dissemination of information relating to latest orders, circulars/notifications passed by these authorities which impact the stakeholders: whether developers, homebuyers, investors, or financial institutions.
This Dossier intends to be a one stop guide to keep our readers abreast with significant judgements, orders, circulars, and directions passed in relation to the Act and the rules thereunder which are beneficial for various stakeholders. The Volume II of the Dossier is a compilation of some of the impactful judgments/ orders passed in the first quarter of the year 2022 i.e., January 2022 to March 2022 by various Real Estate Regulatory Authorities. The Volume II of the Dossier also provides a compilation of various relevant regulatory circulars, orders, directions etc. issued by the Maharashtra Real Estate Regulatory Authority for the aforementioned period.