The real estate sector has grown in the recent years but has largely been unregulated from the perspective of consumer protection. Though, consumer protection laws are available, the recourse available therein is only curative, but not preventive. Government of India has enacted the Real Estate (Regulation and Development) Act 2016 and all the sections of the Act have come into force with effect from May 1, 2017.
Central Government is the appropriate Government under the Act for the Union Territory of Puducherry in terms of clause (g) of Section 2 of this Act. Exercising the power conferred by the third proviso to sub-section 91) of section 20 and first proviso to sub section 94) of the Act Central Govt. has designated Secretary Housing, Puducherry Administration as the Regulatory Authority and Value Added Tax Tribunal, Union Territory of Chandigarh as the Appellate Tribunal respectively.