Haryana still weeks away from RERA
THOUGH THE ACT CAME INTO FORCE ON MONDAY, IT WAS NOTIFIED BY ONLY 13 STATES AND UNION TERRITORIES ACROSS THE COUNTRY
Homebuyers in Haryana will have to wait a while before the regulations under the much-awaited Real Estate Regulatory Act (RERA) 2016, are made binding on the builders.
The state government recently brought the draft rules under RERA into the public domain inviting feedback and suggestions from residents.
Though the Act came into force on Monday, it was notified by only 13 states and union territories across India. The RERA aims to bring more transparency, and accountability in the housing sector that has been plagued by various ills particularly projects delays and non-delivery.
The Real Estate (Regulation and Development) Bill, 2016 was passed in March last year. It has 92 sections and all of these will apply in states where the Act has been notified.
Haryana is likely to implement RERA in the month of June, as the government notified and uploaded the draft rules of the Act on the website of the department of town and country planning on April 28. It also requested the residents to post their feedback by May 15 after which the issues raised by them would be scrutinised and the final draft will be approved and sent to the government for implementation.
Once the draft is notified, the government will appoint an authority which will regulate the real estate sector in the state.
Dilbag Sihag, the former chief town planner, who played a key role in drafting the RERA rules, said that the government has followed a balanced approach to ensure there is unhindered growth of the real estate sector.
A senior government official of the town and country planning department, who asked not to be named, said that RERA could be implemented by the first week of June after a scrutiny of the feedback. “The issues pertaining to buyers would be resolved,” he said.
While the government officials assure that the things would significantly improve once the RERA is implemented, the buyers are not very enthused. After going through the draft rules, a large number of buyers alleged that the state government had diluted the original Act, and was giving leeway to developers by not making the regulations binding on the ongoing building projects across the city.
In Gurgaon, there are hundreds of projects along Dwarka Expressway, Manesar, SPR (Southern Peripheral Road) and the Golf Course Extension Road which are delayed, incomplete or where developers have not handed possession to buyers as per the promises made while selling the projects.