Real Estate Act: Developers will have to submit, upload project details, layout plan & cost

The Real Estate (Regulation & Development) Act, 2016 come into effect from Monday today, the law to protect buyers from unscrupulous developers. Act that had been conceived nine years ago was cleared by Parliament in March 2016. States were directed to notify the realty rules and set up Real Estate Regulatory Authority (RERA) by April 30. Till April 30, only 13 of the 32 states and Union territories, including Gujarat, Uttar Pradesh, Madhya Pradesh, Maharashtra, Odisha, Delhi, and Andhra Pradesh have notified the rules.