Won't amend RERA: Puri; HUA secy says panel will be formed to 'improve' implementation

Image
Press Trust of India New Delhi
Last Updated : Nov 15 2018 | 10:05 PM IST

Union Minister Hardeep Singh Puri on Thursday said the government will not amend any provision of RERA and warned states against tweaking rules of the centre's real estate law, asserting that it will lead to "harsh consequences".

However, later in the day, Housing and Urban Affairs Secretary Durga Shanker Mishra said the ministry will constitute a committee to "improve" implementation of the the Real Estate Regulatory Act (RERA) following suggestions received at a workshop on the legislation here.

"We will not tweak RERA," Puri told reporters on the sidelines of the workshop organised by his ministry amid growing demands from builders to change rules.

The minister said the "full benefit" of RERA will be realised only when its provision is implemented in letter and spirit.

RERA, which protects the interest of home buyers, was enacted by Parliament and states were given powers to notify their respective rules and appoint regulatory authorities.

Puri said the states which have made their own rules by tweaking provisions of the RERA will have to "fall in line, otherwise the consequence is very harsh".

There are some states who have watered down the provisions of the central legislation.

Asked about several home-buyers not being delivered their houses by developers on time, the Union minister said, "We will not hesitate from naming and shaming (of those developers not delivering flats on time)."
Mishra later tweeted, "Many suggestions were received from participants to improve implementation of RERA by way of removing the difficulties in the law being faced."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 15 2018 | 10:05 PM IST

Next Story