[ecis2016.org] As many as 28 states and union territories have so far notified the Real Estate (Regulation and Development) Act, 2016 in the country, according to an official from the Housing and Urban Affairs Ministry
As of now, 28 states and union territories (UTs) have notified the Real Estate (Regulation and Development) Act (RERA) in the country, Housing and Urban Affairs Ministry spokesperson, Rajeev Jain said. According to the ministry, 20 states and UTs had established real estate appellate tribunals under the legislation, of which, seven were ‘regular’ tribunals, while there were 13 ‘interim’ real estate appellate tribunals. The Act, which provides protection to home buyers, was enacted by parliament and states were given powers, to notify their respective rules and appoint regulatory authorities.
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“As many as 22 states have fully-functional web portals under the legislation,” Jain added. He said that 27 states and UTs had established the real estate regulatory authority and out of these, there were 13 ‘regular’ regulatory authorities, while 14 were ‘interim’ authorities.
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Six north-eastern states – Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland and Sikkim – have not notified the Act or are yet to notify the RERA and its rules, due to land and other issues. The ministry will send a special team to these states on October 26, 2018, to resolve issues pertaining to the implementation of the real estate act.
West Bengal, on the other hand, has notified its own real estate law – the Housing and Industrial Regulation Act, 2017 (HIRA), instead of the RERA. The ministry has asked the state government to repeal it, as there cannot be two legislations on the same subject.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
