Real Estate Law: CAC Concerned over Diluting of Key Provisions by Some States
The Central Advisory Council (CAC), set up by the government for effective implementation of the real estate law in the country, in its first meeting today expressed concern over some states diluting key provisions of the legislation, a senior official said.
New Delhi, May 14 (PTI) The Central Advisory Council (CAC), set up by the government for effective implementation of the real estate law in the country, in its first meeting today expressed concern over some states diluting key provisions of the legislation, a senior official said.
It also expressed concerns over some of the states not yet notifying their real estate rules and not setting up permanent real estate regulatory authority, the official of the Union Housing and Urban Affairs ministry said.
The official said only 27 states have notified their rules under the Real Estate Regulation (and Development) Act, 2016 amid reports of some of the states diluting provisions of the law in favour of builders.
However, all Union Territories (UTs) have notified the rules.
As many as 10 states have established their permanent regulatory authority, while 19 states have set up interim authority, the official said.
At the meeting, it was also decided that the ministry will write to the states, asking them to upload the comprehensive list of projects under RERA on their website, the official said.
Union minister Hardeep Singh Puri tweeted, "There will be 3 regional consultations & follow ups. Let me make it clear, RERA has been enacted to clean the mess accumulated in the unregulated construction sector for decades. This is also an important requirement for builders who play by the rules."
A member of the council explained that India will be divided into three zones where the CAC will hold meetings with various stakeholders in the states that comes under the zone to pursuade them to implement the real estate rules in letter and spirit.
It was also decided to establish a national portal where links to websites of all states and Union Territories on RERA will be provided.
"I can say with certainty that when the history of real estate is written, it will clearly be demarcated in terms of a Pre RERA & Post RERA phase. Interests of homebuyers is central to this Act which will rein in the unscrupulous builders & bring decorum to this key sector," Puri said in another tweet.
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