The Union Urban Development Ministry has finalised the real estate general rules and rules for agreement of sale for National Capital Territory of Delhi as required under the Real Estate (Regulation and Development) Act, 2016. These rules will be notified by November 27, the extended date in this regard, it was announced on Wednesday. Union Minister of Urban Development, Housing and Urban Poverty Alleviation M Venkaiah Naidu approved these rules, a release said.
The rules have been formulated after consultations with the Delhi Government, New Delhi Municipal Council, the three Municipal Corporations of Delhi, Delhi Development Authority and other stakeholders, it said.
The Real Estate Rules applicable to Delhi are the same as notified on October 31, 2016 by the Ministry of Housing and Urban Poverty Alleviation for the five Union Territories without legislatures.