Which of the following is not the subject matter of the Real Estate (Regulation and Development) Act?

The correct answer is 'Agricultural lands'

Key Points

• Real Estate (Regulation and Development) Act (RERA):
  • The Real Estate (Regulation and Development) Act, 2016, aims to protect the interests of home buyers and enhance transparency in the real estate sector.
  • Under RERA, developers are required to register real estate projects and provide full disclosure about the project, including timelines, approvals, and costs.
  • RERA applies to residential and commercial real estate projects, including buildings, apartments, and plots intended for sale.
• Agricultural lands:
  • Agricultural lands are not covered under the scope of RERA, as the Act primarily focuses on real estate development for residential and commercial purposes.
  • This exclusion is intentional, as agricultural lands are governed by different laws and regulations related to farming, land use, and rural development.

Additional Information

• Plots:
  • Plots intended for residential or commercial development are covered under RERA. Developers must register such projects and comply with the Act's provisions.
  • This ensures buyers have access to accurate information and protection against delays or fraud.
• Apartments:
  • Apartments are a key focus of RERA, as the Act is designed to regulate the sale and development of housing units.
  • Buyers are entitled to information regarding the apartment's specifications, timeline for completion, and legal approvals.
• Buildings:
  • Buildings, whether residential or commercial, are covered under RERA if they involve real estate development projects.
  • The Act ensures accountability and transparency in the construction and sale of buildings.