Understanding the RERA Act, 2016: A Milestone in Real Estate Regulation
The Real Estate (Regulation and Development) Act, 2016, or RERA, has undeniably transformed the landscape of the real estate sector in India. In the wake of its enactment, significant milestones and legal precedents, such as the pivotal judgement by the Hon’ble Supreme Court Of India in M/S. Newtech Promoters And Developers Pvt. Ltd (Appellant) Vs. STATE OF U.P. (Respondents) in 2021, have played a crucial role in shaping the application and interpretation of RERA rules.
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