Naidu writes to CMs for proper implementation of Realty Act

NEW DELHI: On the day when the much-awaited Real Estate Act came into force, Union urban development minister M Vankaiah Naidu wrote to the state chief ministers saying that they should ensure quick a proper implementation of the Act in their respective states so that common people could be benefitted.
“I request you to review the progress of implementation of this important Act in your State/UT and to draw up a clear road map to ensure that necessary and quick measures are taken to ensure that the Act is implemented in letter and spirit. I would be obliged if you could inform me of the progress made so far and the course of action proposed in your State/UT,” said Naidu urging the CMs.
Naidu also wrote that he is deeply concerned by some media reports that some States and UTs have diluted the provisions of some Sections of the Act in the Draft Rules prepared. “You would agree that the Act of Parliament has a certain inviolable sanctity and there can no such dilution of the provisions of the Act and the spirit of the Act. The Real Estate (Regulation & Development) Act, 2016 is a far reaching legislation aimed at promoting the critical economic sector of real estate in an enabling environment of transparency, accountability and efficiency with clearly defined rights and obligations of both buyers and developers,” he wrote.
In view of the above, This Act also would further the shared goal of ensuring Housing for All by 2022, marking the 75 years of Independence of our country, Naidu wrote in the letter.
With the Act coming into force, the developers will have to get the ongoing projects that have not received completion certificate and the new projects registered with regulatory authorities within 3 months from Monday.
Under the rules, it is mandatory for the states and UTs to set up the authority. However, officials claimed only 13 states and UTs have so far notified the rules. The states that have notified the rules are Uttar Pradesh, Gujarat, Odisha, Andhra Pradesh, Maharasthra, Madhya Pradesh and Bihar.
The housing ministry had last year notified the rules for five UTs—Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, and Lakshadweep, while the urban development ministry came out with such rules for the National Capital Region of Delhi. The other states and UTs will have to come out with their own rules.
[Source:- gharabari]