Aam janta’s char­ter of de­mands

HT Estates - - FRONT PAGE - SK Pal

An av­er­age home­buyer has huge ex­pec­ta­tions from the new gov­ern­ment. Peo­ple have, for long, been de­mand­ing a ‘reg­u­la­tor’ for the real es­tate sec­tor — for both the res­i­den­tial and com­mer­cial sec­tors or sep­a­rate, be­cause the in­vestors and end-users are of­ten ha­rassed by un­scrupu­lous de­vel­op­ers even af­ter the pas­sage of the state apart­ment acts. The de­lay in the pas­sage of the reg­u­la­tor bill has left the gen­eral pub­lic dis­il­lu­sioned.

Peo­ple also ex­pect the gov­ern­ment to bring in a uni­form pub­lic pol­icy in all states to gov­ern the hous­ing sec­tor so that ur­ban­i­sa­tion schemes, as en­vis­aged in the re­cent fiveyear plans, can be uni­formly im­ple­mented in the en­tire coun­try al­though they know that hous­ing is a state sub­ject.

It is ex­pected that the gov­ern­ment will come out with poli­cies that help ra­tio­nalise the in­ter­est rates for home loans, be­cause there is a grow­ing feel­ing that in­ter­est ben­e­fits are only of­fered to new home loans tak­ers. This has led to ex­ist­ing cus­tomers feel­ing that they are be­ing made to com­pen­sate for new home loan tak­ers.

Peo­ple also de­mand a clear pol­icy on bankers’ re­spon­si­bil­ity to do due dili­gence be­fore ap­prov­ing a hous­ing project and re­leas­ing funds to de­vel­op­ers.

Since the group hous­ing phe­nom­e­non is now quite old in this coun­try, home­buy­ers ex­pect the gov­ern­ment to make poli­cies to en­sure timely and proper main­te­nance or re­de­vel­op­ment of old build­ings in line with the mas­ter plans.

The wish­list from the aam janta is big but, some in­ter­ven­tion in this sec­tor will go a long way in restor­ing the home­buy­ers’ con­fi­dence.

Photo for rep­re­sen­ta­tional pur­pose only

De­lay in de­liv­ery of flats is a se­ri­ous con­cern for home­buy­ers

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