Developers and UP govt disagree over implementation of RERA
Yogi said that the state government was trying to remove red-tapism by providing an online registration facility for registration of developers by the deadline of July 31.
Jul 25, 2017
Source : TOI

 

LUCKNOW: The state government and the real estate developers engaged in a fresh bout of disagreement on Sunday with UP chief minister Yogi Adityanath asking the developers to get themselves registered under Real Estate Regulatory Authority (RERA) act through a web portal scheduled to be launched on July 26, while the latter claiming of the facility being provided too late. The deadline for developers to get registered under the RERA act comes to an end on July 31.

 

Speaking at a seminar organised by Confederation of Real Estate Developers Association of India, Yogi said that the state government was trying to remove red-tapism by providing an online registration facility for registration of developers by the deadline of July 31. "The developers need to abide by the trust of the people and the state government and ensure transparency in executing their housing projects,'' he said.

 

CREDAI president, Jaxay Shah, however, said the coming of any such facility like a web portal was too late. "Any such facility could have come up at least an year ago when RERA act was announced. The former urban development minister Venkaiah Naidu has been calling upon the state government to set up the RERA authority. But his call did not evoked any response. Even the present state government in UP has been there for around four months but it too did not take any such step,'' he said, while speaking to reporters on the sideline of the seminar.

Yogi said that the state government adopted RERA to stop exploitation of home buyers who could not get possession of their house timely.

 

"What has been happening in Noida is an eye opener. Scores of home buyers have been up in arms against the developers who did not complete the projects timely. Such things needs to be addressed,'' the CM said. Shah, however, said that it was the state bureaucracy which at times produced hindrance which eventually delayed the projects. "It is highly unfortunate that RERA holds only developers accountable for the delay in a housing project. The role of state government and the bureaucracy should also be taken into account,'' he said. Shah said that CREDAI already has a consumer grievance redressal unit to address the complaints of the home buyers.

 

 

Latest Realty News

RERA-portal-launched-by-Karnataka-Govt.
Jul 25, 2017
Karnataka Real Estate Regulatatory Authority (RERA) that was formed more than two weeks has gone live with the state government launching the portal for registration.
Immediately-set-up-regulatory-bodies-under-Real-Estate-Act:
Jul 24, 2017
The Centre has asked the states and union territories to "immediately" set up regulatory authorities under real estate rules as just over a week is left for mandatory registration of all projects, according to an official communication.
Developers-plan-to-absorb-GST-shock-to-prevent-slump:-Knight-Frank
Jul 06, 2017
Real estate players are planning to absorb the post-GST additional tax burden of five to six per cent post to prevent further slump in sales as demonetisation hangover continues in the sector.
Karnataka-govt-passes-real-estate-Act
Jul 06, 2017
Bengaluru: The Karnataka government on Wednesday passed the Real Estate (Regulation and Development) Act 2016 or RERA, an Act described as customer-centric which aims to protect home-buyers and encourage genuine private players in the fast growing sector.
Consumer-court-sentences-developer-to-5-years-in-jail
Jul 06, 2017
PUNE: The district consumer court has sentenced a developer to three months in jail in each of the 20 execution applications filed by as many homebuyers for his failure to comply with the court's orders.
Surat-civic-body-to-build-7,500-EWS-homes-under-PPP-model
Jul 05, 2017
Surat : The Surat Municipal Corporation (SMC) has initiated work on building 7,500 new homes for people from economically weaker sections at the cost of Rs 879 crore. This will be the first project for low cost housing under the public, private partnership (PPP) model by the civic body.
Goa-govt-to-tie-up-with-real-estate-companies-for-quality-housing
Jul 04, 2017
PANAJI: Goa Housing Board (GHB) is looking forward to tie up with private players to develop its properties. The board has opted to collaborate with private firms to offer better quality housings, minister of housing Jayesh Salgaonkar said.
Varanasi-to-have-a-7D-Smart-City-plan.
Jun 30, 2017
LUCKNOW: Prime Minister Narendra Modi's constituency Varanasi will be the only city in India whose detailed project report (DPR) will be prepared in 7D visualisation under the Smart City project.
Government-hikes-GST-rate-on-construction-sector-from-12-pct-to-18-pct
Jun 30, 2017
The Union Government on Thursday hiked the GST rate for the construction sector to 18 per cent from 12 per cent, but removed land value from the computation of tax liability.
Himachal-Pradesh-to-table-RERA-in-monsoon-session
Jun 29, 2017
SHIMLA: Himachal Pradesh will notify the rules for the implementation of the Real Estate (Regulation and Development) Act, 2016.

Latest Realty News Of State

Realty Talk's