Times of India 22-09-2017
It's time to reflect upon the implications (and repercussions, if any) of RERA on the real estate market and acquaint the home-buyers with its recent developments
As of now, around 26 states have notified the rules.Maharashtra, Madhya Pradesh and Karnataka were the first ones to implement the rules on May 1 as per the centre's notification.Telegana, Himachal Pradesh and Goa have recently notified while Kerala, Tripura and West Bengal are yet to notify.An official from the union ministry of housing and urban affairs, says, “With land being a state subject, the centre has prepared guidelines. The states are expected to follow them while preparing their draft rules.Some states followed the deadline while a few asked for extension.“
DILIPKUMAR GANDHI, CHAIRPERSON, THE COMMITTEE ON SUBORDINATE LEGISLATION, INDIAN PARLIAMENT:
Committee had the crucial job of ensuring RERA implementation. We looked at the draft rules framed by the states and also the extent at which they were in line with centre. The states, which deviated, were asked to reframe rules and follow the central policy. Barring a few, several states have either implemented or notified RERA rules.