The Real Estate (Regulation and development) Act, 2016 was passed by Parliament and all the 92 sections of the Act came into effect from 1st May, 2017. The object of this Act is to protect the interest of home buyers as well as to help boost investment in Real Estate Industry. Under this Act an adjudicating mechanism for speedy dispute redressal has been prescribed. This Act ensures timely execution of the projects, improved quality of construction, balance between right of buyers and builders and further more brings accountability and transparency in the Real Estate Industry.