It’s not the first time, where a central act has fallen victim to states. After repeated push by the central government, states fell short to meet the deadline of RERA timeframe. The act came into force as scheduled on May 1, 2016. Several states have notified their drafts under RERA authority. But, in most of the cases either they are partial or mostly curbed. Gujrat was the first state which submitted its state rules of Real Estate (Regulation and Development) Act, 2016 (RERA). To bring desired clarity in realty sector the state will further notify the remaining regulation within this week, followed by the process of setting up an interim state-level regulatory authority (RA).
Gujat hasn’t notified some sections of RERA that were declared by the Union ministry of housing and urban poverty alleviation on April 17, 2017. According to the government sources, – the remaining rules which are going to be notified probably on Thursday are exactly what the central government has announced in the previous month. The rules are with the legal department, once gets clearance these will be notified.
Gujrat government had notified rules referring to state regulatory authority, its powers and functions and appellate tribunal on October 29, 2016. The state is yet to notify rules for sections 3-19 of the Act, which own the clause for the realty builders, registration of real estate projects and registration of agents as well. The earlier notified state rules were also according to the announced sections of the regulations by the Union ministry of housing and urban poverty alleviation (HUPA).
The appointment of RA is still under process. Initially the state formed a selection committee and now is set to frame an interim authority as well. The appointment of RA holds a crucial role in state RERA development, as it connects state issues with the central and owns the complete authority of investigation in respective state realty issues. The state has already originated regulations for real estate appellate tribunal and the tribunal will be operative soon after the rest rules get notified.
Besides, state governments need to speed-up the development of website (RERA), for registering every project’s details information, including personal information about the promoters and builders.
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