GURUGRAM: Haryana government will soon come up with its rule for implementation of the Real Estate (Regulation and Development) Act, 2016 (RERA) for resolution of issues related to home buyers and developers, said chief minister Manohar Lal Khattar here on Tuesday after monthly district grievance committee meeting.
The CM promised to establish real estate regulatory authority but failed short of giving timeline for the implementation. Home buyers have been demanding for long the implementation of regulatory authority to put a check on developers and ensure fair deal to home buyers.
The move has come in the view of union government's final notification of rules on November 1 for implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) that aims to bring transparency and set accountability in the sector and help in completion of stalled projects.
The ministry of urban development is working on similar rules which would be applicable for the National Capital Region of Delhi, while state governments and other Union territories with legislature will either come out with their own rules or have the option to adopt the union government notified rules.
Real Estate (Regulation and Development) Act, 2016, Real Estate Regulatory Authorities are required to be put in place by April 30, 2017 before full Act is brought into effect on May 1, 2017.
“Haryana will formulate its own rules under the act,” said a senior government official. Developers have been lobbying with the government to leave the on-going project out of the preview of the act in Haryana. State government like Gujarat and UP has decided not to include on-going project under the regulatory authority.
The implementation of the act is likely to provide relief to large number of home buyers affected by the delay in completion of their project. Developers will have to compensate the home buyers for delay in delivery of houses. Besides, builders will have to make public the details such as original sanctioned plans of the on-going projects with specifications and changes made later, total amount collected from allottees, money used, original timeline for completion and the time period within which the developer undertakes to complete the project, duly certified by an engineer, architect or practicing chartered accountant.
Meanwhile, the Haryana CM took up total of 22 issues related to home buyers during the grievance meet. After hearing the cases related to cooperative societies, Khattar directed deputy commissioner to prepare a list of all cooperative groups housing societies in Gurgaon and put details online. “We will hold a special meeting to resolve issues related to all cooperative societies together,” said CM.
While hearing an issue related to Shanti Niketan Group Housing society CM directed to file FIR against the officials of the society. Complainant had alleged that officials of society cheated member and collected money from them. They alleged the number of available flats were less than the total members.
Source : ET Realty
The CM promised to establish real estate regulatory authority but failed short of giving timeline for the implementation. Home buyers have been demanding for long the implementation of regulatory authority to put a check on developers and ensure fair deal to home buyers.
The move has come in the view of union government's final notification of rules on November 1 for implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) that aims to bring transparency and set accountability in the sector and help in completion of stalled projects.
The ministry of urban development is working on similar rules which would be applicable for the National Capital Region of Delhi, while state governments and other Union territories with legislature will either come out with their own rules or have the option to adopt the union government notified rules.
Real Estate (Regulation and Development) Act, 2016, Real Estate Regulatory Authorities are required to be put in place by April 30, 2017 before full Act is brought into effect on May 1, 2017.
“Haryana will formulate its own rules under the act,” said a senior government official. Developers have been lobbying with the government to leave the on-going project out of the preview of the act in Haryana. State government like Gujarat and UP has decided not to include on-going project under the regulatory authority.
The implementation of the act is likely to provide relief to large number of home buyers affected by the delay in completion of their project. Developers will have to compensate the home buyers for delay in delivery of houses. Besides, builders will have to make public the details such as original sanctioned plans of the on-going projects with specifications and changes made later, total amount collected from allottees, money used, original timeline for completion and the time period within which the developer undertakes to complete the project, duly certified by an engineer, architect or practicing chartered accountant.
Meanwhile, the Haryana CM took up total of 22 issues related to home buyers during the grievance meet. After hearing the cases related to cooperative societies, Khattar directed deputy commissioner to prepare a list of all cooperative groups housing societies in Gurgaon and put details online. “We will hold a special meeting to resolve issues related to all cooperative societies together,” said CM.
While hearing an issue related to Shanti Niketan Group Housing society CM directed to file FIR against the officials of the society. Complainant had alleged that officials of society cheated member and collected money from them. They alleged the number of available flats were less than the total members.
Source : ET Realty
No comments:
Post a Comment