A plan to setup common platform for RERA of all states

Dated on: Wednesday 26th June 2019

In order to make RERA “more strong,” the Centre has planned to setup a common online platform for the RERA of all states and UT’s. Through an online platform, any state RERA can study an order of other states in a particular matter. Also, homebuyers and builders can give their views on the issue. As per the norms of Pradhan Mantri Awas Yojana (Urban), home-buyers will not be able to avail Credit Linked Subsidy Scheme (CLSS) under the mission if real estate project is not registered under RERA. Under PMAY (U), home-buyers can avail an interest subsidy of upto 2.67 lakh.

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