The Government of India has enacted the Real Estate (Regulation and Development) Act, 2016. Some sections of the Act were enforced with effect from 01/05/2016 and the rest of the Act came into force from 01/05/2017. Under the Act, all the States have to appoint a Real Estate Regulatory Authority to carry out the purposes of the Act.
The Punjab Government notified the Real Estate (Regulation and Development) Rules, 2017 on 08/06/2017 vide Notification No. G.S.R -19/C.A.16/2016/Ss.2 and 84/2017. The Real Estate Regulatory Authority, Punjab was established on 10/08/2017 upon the joining of Chairperson with two full-time Members.
