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Real estate law, Puri tells Builders

  • NEW DELHI: The government on Monday ruled out any amendment to the real estate regulation law (RERA) despite demands by the builders’ lobby for changes in certain provisions in the act. The Centre has also set June 30 deadline for states to amend the “dilutions” in the notified rules to bring all incomplete projects under regulation.
  • June 30 has also been set as the deadline for establishing permanent regulators, start websites and the tribunals as prescribed in the law, sources said.
  • While chairing the first central advisory council meeting of RERA, Union housing and urban affairs minister Hardeep Singh Puri reportedly said there is no question of amending any provision, though the government is open to any suggestions from all stakeholders.
  • “The minister said: let the law in totality be implemented for one year and there is no need for any immediate change. One of the demands by builders was to introduce a clause to hold local authorities responsible and penalise them for the delay in giving approvals,” said one of the officials present at the meeting.
  • “Let there be no doubt, fly by night builders who have taken the money and have not delivered homes to unsuspecting buyers will not be spared. RERA has been enacted to largely safeguard the interests of home buyers & clean up the construction sector," Puri said in a tweet.
  • He added RERA has been enacted to clean the mess accumulated in the unregulated construction sector for decades and this is also an important requirement for builders “who play by the rules.”

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