Home  /  Real Estate (Regulation and Development) Act, 2016  /  Section 73

Section 73: Grants and loans by Central Government

Real Estate (Regulation and Development) Act, 2016 • Official Statutory Text & Practice Guide

Statutory Regulation
Legal Standard
Competent Court / Tribunal
Act 2016
Section 72 All 92 Sections of Real Estate (Regulation and Development) Act, 2016 Section 74

Legal Commentary & Landmark Judgments: Section 73

Section 73 authorizes the Central Government to make statutory grants and loans to the Real Estate Regulatory Authority to ensure its effective operational functioning.

  • Central Budgetary Support: Central Government may, after due appropriation made by Parliament by law, make grants and loans of such sums of money as it thinks fit.
  • Utilization Scope: Funds utilized for establishment expenses, nationwide IT portal development, public awareness drives, and specialized consumer research.
  • Financial Autonomy: Guarantees that Regulatory Authorities in Union Territories operate without financial dependency on market fees.
Key Landmark Precedents:
  • State of Gujarat v. Utility Users' Welfare Association, (2018) 6 SCC 21: The Supreme Court affirmed that adequate fiscal allocations by the Union and States are essential prerequisites for independent regulatory governance.
  • Forum for People's Collective Efforts v. State of West Bengal, (2021) 8 SCC 599: Noted the Central Government's fiscal commitment to establishing uniform regulatory infrastructure under RERA.
Courtroom Practice & Strategic Litigation Guidance:

Central grants fund the development of digital court management portals across UT RERAs, ensuring transparent e-filing and paperless virtual hearings.

Section 72 All 92 Sections of Real Estate (Regulation and Development) Act, 2016 Section 74