{"act":{"id":"real-estate-regulation-amp-development-act-2016","short_title":"Real Estate (Regulation & Development) Act, 2016","long_title":null,"act_number":"16","act_year":2016,"enact_date":null,"enforcement_date":null,"ministry":null,"department":null,"jurisdiction":"Chhattisgarh","unit":"section","section_count":88,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":"real-estate-regulation-development-act-2016","text_source":"ocr","scan_url":"https://indiacode.ecourtsindia.com/scan/25e0d7e9-d369-4f68-8978-21799fa43c9a.pdf","url":"https://indiacode.ecourtsindia.com/real-estate-regulation-amp-development-act-2016/"},"unit":"section","section":{"number":"16","heading":null,"text":"(1) The promoter shall obtain all such insurances as may be notified by the appropriate Government, including but not limited to insurance in respect of - (i) title of the land and building as a part of the real estate project; and (ii) construction of the real estate project. Obligations of promoter in case of transfer of a real estate project to a third party. Obligations of promoter regarding insurance of real estate project. ther defedt in (2) The promoter shall be liable to pay the premium and charges in respect of the insurance specified in sub-section (/) and shall pay the same before transferring the insurance to the association of the allottees. (3) The insurance as specified under sub-section (/) shall stand transferred to the benefit of the allottee or the association of allottees, as the case may be, at the time of promoter entering into an agreement for sale with the allottee. (4) On formation of the association of the allottees, all documents relating to the insurance specified under sub-section (/) shall be handed over to the association of the allottees. Transfer of title.","html":"<p>(1) The promoter shall obtain all such insurances as may be notified by the appropriate Government, including but not limited to insurance in respect of - (i) title of the land and building as a part of the real estate project; and (ii) construction of the real estate project. Obligations of promoter in case of transfer of a real estate project to a third party. Obligations of promoter regarding insurance of real estate project. ther defedt in (2) The promoter shall be liable to pay the premium and charges in respect of the insurance specified in sub-section (/) and shall pay the same before transferring the insurance to the association of the allottees. (3) The insurance as specified under sub-section (/) shall stand transferred to the benefit of the allottee or the association of allottees, as the case may be, at the time of promoter entering into an agreement for sale with the allottee. (4) On formation of the association of the allottees, all documents relating to the insurance specified under sub-section (/) shall be handed over to the association of the allottees. Transfer of title.</p>","words":186,"text_source":"ocr"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/real-estate-regulation-amp-development-act-2016/section/16/","note":null,"source_note":"Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/25e0d7e9-d369-4f68-8978-21799fa43c9a.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/20281d46-4fdb-408b-84bb-c24bde9175cc/content).","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}