Lifestyle

States’ real estate rules to be examined by parliamentary committee

[ecis2016.org] Amid reports that key provisions of the new Real Estate (Regulation and Development) Act have been diluted by some states, the central government has forwarded the rules notified by the states to a parliamentary committee for examination

Minister of State for Housing and Urban Poverty Alleviation (HUPA), Rao Inderjit Singh, in written reply to a question in the Lok Sabha on February 8, 2017, said that the ministry has received representation from consumer groups, complaining that some states have reportedly diluted key provisions of the Real Estate (Regulation and Development) Act (RERA), to favour builders.

You are reading: States’ real estate rules to be examined by parliamentary committee

Read also : PM Modi likely to lay foundation stone for Jewar airport in February 2019: Minister

[ecis2016.org] Housing Minister Venkaiah Naidu warns states against diluting real estate law

To put a check on this, he said that “The rules that have been notified by the states, have been forwarded to the Committee on Subordinate Legislation of the Rajya Sabha and the Lok Sabha, for examination.”

Read also : Property rates & trends in Bowenpally, Hyderabad

The centre has notified the Real Estate (Regulation and Development) Act 2016 for the union territories (UTs) without legislatures, while other UTs and states have to frame their own laws, using the central act as a template, without diluting its spirit.

Singh said the ministry had convened a meeting of officials of states and UTs last month to apprise them about the provision of the act. “During the meeting, they were informed that the rules cannot be ultra vires of the act,” he said.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button