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There is no
classification of registered or un-registered projects in the definition of the real estate projects.
The
definitions of project and real estate project as defined in section 2(zj) and 2(zn) respectively will cover all the projects
where the development of a building or the land into plots is carried
out for the purpose of sale of the said
apartment or the plot or the building. There is no classification of
registered or unregistered projects
in the definition of the real estate projects. The necessity to enact the present Act was felt as there was no
special statute to provide effective
remedy for redressal of the grievances of the home buyers. Keeping in view the background of the
Act, it must be looked from the perspective
harmony with the aim and objects for
which it was enacted. The entire Act came into force w.e.f.
01.05.2017.
It is well settled
principle that the preamble of the statute
has a guide light to ascertain
the legislative intent. The preamble of the Regulatory Authority has been
established for regulation and promotion of the real estate sector
and to protect the interest
of the consumers in real estate
sector.
The
Definitions mentioned in Real Estate Regulation act 2016 cover all the projects
where the development of a building
or the land into plots
is carried out for the purpose of sale of the said apartment or the plot or the building. There is no Classification of registered or
unregistered projects in the definition of the
real estate projects.
KOHLI
AND KOHLI LAW ASSOCIATES
V-3/11,
DLF PHASE III, GURUGRAM,
HARYANA – 122002
Ph:01244014318,0124
4990107
Mail
ID: contact@kohlilegal.com
WWW.KOHLILEGAL.COM
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