Real Estate

Real Estate Laws are concerned with the buying and selling of real estate properties which are usually land area or any structure erected upon it. Real Estate properties are also referred to as “immovable property” since it is fixed in stature and cannot be moved or replaced with another. Real Estate Laws are passed to ensure smooth functioning and operation of the buying and selling procedures of properties under legal surveillance so that there are no dispute or fraud activities later on. Listed below are names of such laws passed over the years to deal with legal issues related to real estate properties.

• Transfer of Property Act, 1882
• Registration Act, 1908
• The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006
• Right to Fair Compensation and Transparency in Land Acquisition
• Rehabilitation and Resettlement Act, 2013
• The Real Estate (Regulation and Development) Act, 2016 (RERA)

Enacted by the Parliament of India in the year 2016, the Real Estate Act of 2016 is said to be one of the excellent laws proposed to safeguard the interests of both buyers and sellers of real estate properties.
With the enactment of this law, the realty sector not just witnessed a boost in the construction and development of real estate projects but also there is an increase in demand for legalized properties both in the residential and commercial zones.
Moreover, many NRIs and foreign investors have also expressed much appreciation and proposed purchase and untaken projects for giving the realty market rise in the columns.