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States facing pressure from Centre to bring Realty reforms
Dated on: Monday 26th June 2017Centre government leaving no stone unturned to bring up the RERA implementation in states to being transparency and liability in real estate sector.
Centre prohibited constructions and marketing of projects unregistered with RERA. This calls for urgent implementation of the RERA rules in state. Developers not allowed to do business for being unregistered. March 1, 2017 was the deadline for the registration and State seems to be unresponsive to it.
16 states along with UTs inclusive of Haryana, Karnataka and Goa have no notified rules. Only Maharashtra, Madhya Pradesh and Rajasthan enabled online registration under the Act. States claimed under section 3(1) of the Act, the ongoing project were given limit till July 31, 2017 for registration.
Housing ministry stated in June no projects inclusive of ongoing ones cannot be continued without registration under RERA. Three months time given for registration of the projects if failed would fall illegal from May 1.
“The legal position is that they cannot do marketing till they are registered “ says official.
Haryana RERA registration begun before proper rules notifying under RERA.
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