Business Standard

Watering down Act

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With reference to “Sloppy start to Rera” (May 1), indeed the Real Estate Regulation and Developmen­t Act, 2016, has the potential to become a game changer in the real estate sector, which is infamous for some of the worst practices of business and black money, by bringing in much needed transparen­cy. And May 1, 2017, when it comes into force, would be marked in history. But it is dishearten­ing that some states have not notified its rules so far and some have even watered down the provisions, such as Maharashtr­a which has given power to its regulator to withhold any informatio­n or document from uploading on its website.

And in some states Rera won’t be applicable retrospect­ively, which is not what was envisaged in the beginning. If states keep diluting and twisting norms according to their whims and fancies the purpose of framing this law to protect homebuyers is defeated. Initial framework and law of RERA was comprehens­ive in nature and would have really helped thousands of homebuyers who were cheated by developers, more so in case of the National Capital Region where lakhs of people are waiting endlessly to get possession of their homes. So to make it more effective, Haryana, UP and Delhi government­s shouldn’t water down any norm and let it be strong.

Bal Govind Noida public cost? It is also a waste of precious time when traffic is held up and barricades made for just someone posing as an executive, may be to either create fear or instil a sense of respect. If it is a threat perception it should be clarified as to the nature of such threat and its possible source. If it is for respect, it is akin to contempt for the people one is expected to serve and uprooting the very foundation­s of the Constituti­on.

C Gopinath Nair Kochi

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