Central Government Plans to Set Up a Unified Online Platform for RERA Authorities Across States and UTs
Central Government Plans to Set Up a Unified Online Platform for RERA Authorities Across States and UTs
The central government is planning to establish a common online platform for the Real Estate Regulatory Authorities (RERA) of all states and Union Territories (UTs).
Announcement by the Secretary of Housing and Urban Affairs
On June 26, 2019, Durga Shankar Mishra, Secretary of Housing and Urban Affairs, stated that the central government is planning to set up a common online platform for all state Real Estate Regulatory Authorities. This move is intended to strengthen the Real Estate Act further. Under the Real Estate (Regulation and Development) Act, 2016, all states are mandated to establish their respective Real Estate Regulatory Authorities (RERA) to ensure proper protection for home buyers. "We are working on introducing a common platform where all states and UTs can share their views. This will make RERA even stronger," he said.
Impact of the Central Real Estate Act
In his statement, Housing and Urban Affairs Minister Hardeep Singh Puri mentioned that the implementation of the central Real Estate Act has made a 'significant difference' wherever it is enforced. Puri noted that RERA is a reform tool in real estate and provides an opportunity for home buyers to file complaints against builders.
States and UTs Compliance Status
Mishra mentioned that 30 states and UTs have notified RERA, but West Bengal has announced its own Real Estate Regulatory Authority – the Housing and Industrial Regulation Act, 2017 (HIRA).