No change in real estate law, Housing Minister tells builders The government on Monday ruled out any amendment to the real estate regulation law (RERA) despite demands by the builders’ lobby for changes in certain provisions in the act. The Centre has also set June 30 deadline for states to amend the “dilutions” in the notified rules to bring all incomplete projects under regulation.

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June 30 has also been set as the deadline for establishing permanent regulators, start websites and the tribunals as prescribed in the law, sources said.

While chairing the first central advisory council meeting of RERA, Union housing and urban affairs minister Hardeep Singh Puri reportedly said there is no question of amending any provision, though government is open to any suggestions from all stakeholders.

“The minister said: let the law in totality be implemented for one year and there is no need for any immediate change. One of the demands by builders was to introduce a clause to hold local authorities responsible and penalise them for delay in giving approvals,” said one of the officials present at the meeting.

“Let there be no doubt, fly by night builders who have taken the money and have not delivered homes to unsuspecting buyers will not be spared. #RERA has been enacted to largely safeguard the interests of home buyers & clean up the construction sector,” Puri said in a tweet.

He added RERA has been enacted to clean the mess accumulated in the unregulated construction sector for decades and this is also an important requirement for builders “who play by the rules.”

Putting forward consumers’ views, Abhay Upadhyay of Forum of People’s Collective Efforts suggested the Centre set up a website that provides details of all the web links of state regulators and start an email id for enabling people to complain about incomplete projects, which are not registered with the regulator.

A member of Namma Bangalore also suggested the need to ensure that during the registration of flats, the sub-registrars must record the RERA registration number.

Info- https://realty.economictimes

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