28 States and Union Territories Notify RERA
28 States and Union Territories Notify RERA
Rajiv Jain, a spokesperson for the Ministry of Housing and Urban Affairs, stated that 28 states and Union Territories (UTs) have notified the Real Estate (Regulation and Development) Act (RERA) in the country. According to the ministry, 20 states and UTs have established Real Estate Appellate Tribunals under the Act.
Real Estate Appellate Tribunals
Of these, seven are 'regular' tribunals, and 13 are 'interim' Real Estate Appellate Tribunals. "Additionally, 22 states have fully functional websites under the Act," Jain further mentioned. Twenty-seven states and UTs have established Real Estate Regulatory Authorities, of which 13 are 'regular' regulatory authorities and 14 are interim authorities.
Non-Compliance by Certain States
Six northeastern states – Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, and Sikkim – have not notified the Act or its rules due to land and other issues. Meanwhile, West Bengal has notified its own real estate law, the Housing and Industrial Regulation Act, 2017 (HIRA), instead of RERA.
Northeastern States Agree to Implement RERA
Almost two years after the Real Estate Regulation Act (RERA) was passed by Parliament, six northeastern states have finally agreed to implement the Act, paving the way for the protection of homebuyers' interests in these states.
Workshop and Discussions
Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, and Sikkim had previously failed to notify RERA due to land and other issues. This development occurred after a team from the Ministry of Housing and Urban Affairs visited the northeastern states on October 26, 2018, and conducted a workshop with their representatives to discuss the issues in notifying the Act.