CONSTITUTIONAL VALIDITY AND ADJUDICATORY MEASURES OF THE REAL ESTATE REGULATION AND DEVELOPMENT ACT 2016

ABSTRACT The real estate sector plays a catalytic role in fulfilling the need and demand for housing and infrastructure in the country. But this sector has been unregulated for a long time. In 2013, the union government proposed a bill with regards to the real estate. The bill was then assigned to a standing committee to look for its effectiveness and to find loopholes and propose proper amendments that need to be made keeping in mind the situation of the country. The standing committee took in account the opinions of Ministry of Housing and Urban Poverty Alleviation and the NGOs working in this sector. After hearing them out, the standing committee proposed its report and suggested some amendments. The RajyaSabha gave its assent on the bill along with some 20 amendments. The bill was then sent to LokSabha and after receiving imprimatur from the Lower house, the bill was sanctioned by the President and was introduced as the Real Estate (Regulation and Development) Act, 2016.