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Here's why Rera implementation remains work in progress across states

In many states such as Karnataka, Tamil Nadu, Telangana and Uttar Pradesh, the definition of an ongoing project has been diluted

Topics
Rera  |  Rera Act  |  Real Estate Act

Tinesh Bhasin  |  New Delhi 



real estate, houses, properties, construction, home

The Uttar Pradesh regulator granted relief to Advocate Vivek Singh’s client after just one hearing. The order directed a developer to refund money paid for a house along with interest within a month. The deadline has elapsed, but the developer has not paid a single dime yet. When the homebuyer approached the realty regulator again, it couldn’t do much to ensure that its order gets executed. Singh, a partner at Lex Alliance, now plans to file an execution petition in a civil court. “While home buyers get the fastest relief from regulators, the (Regulation and Development) Act, 2016 (Rera) doesn’t give regulators powers to enforce their orders,” says Singh.

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First Published: Thu, May 03 2018. 06:30 IST

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