Economy

Government forms committee for 'effective' implementation of real estate law RERA

Updated : December 31, 2018 10:06 PM IST

RERA, which protects the interest of home buyers, empowers states to notify their rules and appoint regulatory authorities.

As of now, 28 states and Union territories have notified rules under the real estate law.

Government forms committee for 'effective' implementation of real estate law RERA

The government has constituted a committee to suggest recommendations to strengthen the real estate law RERA and to remove difficulties in its implementation, an official said on Monday.

The decision to form the committee, to be headed by Union Housing and Urban Affairs Joint Secretary Shiv Das Meena, comes months after the ministry organised four workshops where stakeholders, including home-buyers, had given suggestions for effective implementation of the Real Estate Regulatory Act (RERA).

RERA, which protects the interest of home buyers, empowers states to notify their rules and appoint regulatory authorities.

As of now, 28 states and Union territories have notified rules under the real estate law.

"The ministry has formed a committee under its Joint Secretary Shiv Das Meena. The panel will look into the suggestions received at the four workshops on RERA and then submit its recommendations to the ministry.

"The committee will also consider whether there's a need for changes under removal of difficulties of the central law's clause," the official said.If needed, the committee may suggest amendments to RERA, he said, adding that the panel will hold its first meeting on January 3.

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Government forms committee for 'effective' implementation of real estate law RERA

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