CURRENT AFFAIRS

Detailed explanation-1: -State Regulations under Rera The Rules so issued by the Central Government are applicable to the five Union Territories without Legislature viz., Andaman & Nicobar Islands, Dadra & Nagar Haveli, Daman & Diu, Lakshadweep, and Chandigarh. The Rules have been issued after the prior release of Draft for comments.

Detailed explanation-2: -Since its inception, the highest number of projects have been registered by Maharashtra RERA with 34, 280 projects accounting for 43.6% of all projects registered in the country, followed by Gujarat with 9, 822 projects (12.49%), and Karnataka with 4, 783 projects (6.08%).

Detailed explanation-3: -Regulatory Authorities of 27 States/UTs have operationalized their websites under the provisions of RERA.

Detailed explanation-4: -65/2019/LSGD dated 5th October 2019, for regulation and promotion of real estate sector in the State of Kerala. Real Estate (Regulation and Development) Act 2016 is a step towards reforming the real estate sector in India, encouraging greater transparency, citizen centricity, accountability and financial discipline.