Government to set up panel on RERA non-compliance

5/12/2022 12:39:00 PM

                India has decided to assess the reasons for non-compliance of orders issued by various chapters of the Real Estate Regulatory Authority (Rera) that was set up to ensure protection to 
troubled homebuyers. A committee including homebuyers and realty developers will be formed to examine different orders that have been passed by the state-specific authorities, but 
have not been complied with yet.

The government may also seek state governments to provide their inputs in this matter with an objective of making Rera more effective and offering an impactful recourse mechanism 
to homebuyers. The decision to this effect was taken in the recent meeting of the Central Advisory Council (CAC).

While Rera authorities are issuing orders for compensation and interest to homebbuyers by the developers, many of these orders are not being complied with. Homebuyers and their 
associations have been raising concerns over non-enforcement of these orders, and the authorities have been facing criticism.

"Despite the orders getting served, homebuyers are left in the lurch as the enforcement of these orders is taking unreasonable time. The Housing Minister himself suggested this move 
to form a committee to study study the procedure followed by states that rank high in enforcement of RERA orders," said Abhay Upadhyay, president, Forum for People's Collective 
Efforts. He said this will lead to a template for other states to follow so that RERA orders see faster execution

The government has also decided to form a committee comprising government representatives, homebuyers and developers to take up the issue of implementation of RERA in West 
Bengal and Telangana.

Source: ET Realty

Back to List