Advisory committee on RERA to meet soon

Union Minister of State (Independent Charge) for Housing and Urban Affairs Hardeep Singh Puri on Saturday said that the first meeting of the advisory committee on RERA will take place soon. He said this while talking to reporters at India Economic Summit 2018 on RERA completing a year.

Puri said, "There was some tweaking by some states in case of RERA." This tweaking had worked for those states. He suggested that no peice of legislation should be judged on its first year.

Puri felt that role of RERA has been encouraging. He stressed that the teething issues that emerged in this one year has helped differentiate problems as pre-RERA and post RERA era issue.

He further said, "I am going to take the first meeting of the advisory committee on RERA." Commenting about the unsold inventories, he stated that this situation has cropped as there was no RERA. "For 70 years there has not been a regulator and it is a criminal negligent."

Talking about Energy Conservation Building Code 2017, he added there is a perception that energy conversation mechanism increases cost, which is not true. He added that green initiatives have to be used so that the future generation does not suffer.

Meanwhile, he added that his ministry is going to Cabinet in a day or two with a plan to embrace global housing construction technology and learn about challenges in the space. “We will be calling companies across the world to participate in this fascinating exercise,” he added.