RERA in Telangana from August

Alien Space Station, Tellapur, Hyderabad
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The much-delayed RERA (Real Estate Regulatory Authority) Act 2016 is set to come into force fully in Hyderabad and in all Urban Local Bodies (ULBs) in Telangana from August second week this year.

The Union government enacted RERA in Parliament two years ago aiming to boost realty industry as well as protect the interests of home buyers in the country.  Due to various reasons, the Telangana government did not enforce the Act in the state except issuing the rules and guidelines and appointing a temporary regulatory authority under the chairmanship of Special Chief Secretary (Revenue) Rajeshwar Tiwari.

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