[ecis2016.org] The centre has sought the opinion of the Law Ministry, over West Bengal notifying its own real estate law instead of implementing the Real Estate (Regulation and Development) Act, enacted by parliament
Union housing and urban affairs secretary Durga Shanker Mishra, on July 17, 2018, interacted with representatives of 29 states and union territories, for expediting the compliance to the Real Estate (Regulation and Development) Act, 2016 (RERA), under which protection is provided to home buyers.
You are reading: RERA: Centre seeks law ministry’s opinion, about West Bengal notifying its own Act
Read also : Greater Hyderabad Municipal Corporation raises Rs 100 crores via municipal bonds
“In an interaction via video conference, West Bengal told us that it has notified its own Act. In view of this, we have referred the matter of West Bengal to the Law Ministry, seeking its opinion over the same,” Mishra said. West Bengal has earlier notified its Housing and Industrial Regulation Act, 2017 (HIRA).
Mishra added that under HIRA, West Bengal had put industries in real estate category. Except West Bengal and six states from the north-east, all states have been implementing the provisions of the RERA, the secretary said. Mishra said Kerala had agreed to notify the provisions of the RERA and the state was currently in the process of issuing a notification about the same.
[ecis2016.org] Central team to urge West Bengal government to switch over to RERA
Read also : Yard: All about land area measurement unit
Around 29,033 real estate projects have, so far, been registered under the RERA while 22,568 real estate agents have been recorded under the law, he said, adding in all states where the RERA had been notified, awareness campaigns have been undertaken. “After the parliament’s monsoon session, the ministry will hold four regional workshops about RERA,” Mishra said.
Last week, the Ministry of Housing and Urban Affairs had said that full compliance of transformational legislation like RERA, would bring positive changes in the sector, which would be good for all the stakeholders. According to the ministry, 21 states have set up online portals, to address real estate issues under the Act.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle
