The Real Estate (Regulation and Development) Act, 2016 aims to protect the interests of homebuyers, promote transparency in the real estate sector, and regulate the development of real estate projects.

The Real Estate Regulatory Authority (RERA) is the authority responsible for regulating the real estate sector under the RERA Act.

The minimum area of land required for a real estate project to be registered under RERA is 500 square meters.

The maximum period within which a real estate project must be completed under RERA is 7 years.

A developer can collect a maximum of 30% of the total project cost from buyers before obtaining the occupancy certificate.

Developers who fail to complete a project within the stipulated time can be punished with both imprisonment for up to 3 years and a fine of up to Rs. 10 lakhs.

The Real Estate Appellate Tribunal (REAT) is responsible for hearing appeals against the orders of RERA.

The time limit for filing an appeal before the Real Estate Appellate Tribunal (REAT) is 60 days.

Developers who fail to comply with the orders of RERA or REAT can be punished with both imprisonment for up to 3 years and a fine of up to Rs. 10 lakhs.

The Real Estate (Regulation and Development) Act, 2016 has brought transparency to the real estate sector, protected the interests of homebuyers, and regulated the development of real estate projects.

The key features of the Real Estate (Regulation and Development) Act, 2016 include the establishment of Real Estate Regulatory Authority (RERA), registration of real estate projects, protection of homebuyers' interests, and regulation of real estate agents and brokers.

The objectives of the Real Estate (Regulation and Development) Act, 2016 include promoting transparency in the real estate sector, protecting the interests of homebuyers, and regulating the development of real estate projects.

The main provisions of the Real Estate (Regulation and Development) Act, 2016 include the establishment of Real Estate Regulatory Authority (RERA), registration of real estate projects, protection of homebuyers' interests, and regulation of real estate agents and brokers.

The benefits of the Real Estate (Regulation and Development) Act, 2016 include increased transparency in the real estate sector, protection of homebuyers' interests, and regulation of real estate agents and brokers.