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The FPCE has been pushing for the implementation of the RERA in West Bengal and has already moved the Supreme Court to declare the WBHIRA unconstitutional.
The housing and urban affairs ministry has also supported the FPCE’s plea to repeal the WBHIRA through its affidavit in the Supreme Court.
The homebuyers’ body had earlier approached the Governor of West Bengal and West Bengal chief minister, the Prime Minister as well as the President of India to repeal the WBHIRA and implement the RERA enacted by the Centre.
West Bengal’s separate state housing legislation received the Governor’s assent in October 2017, but the central government’s RERA regulation had received the President’s consent in March 2016.
: Saturday, January 23, 2021, 2:30 AM IST
The history of urban India & the realty sector will always be remembered as âpre-RERAâ and âpost-RERAâ, says Hardeep S Puri
File photo
Consumer protection is an article of faith for the Modi Government. Consumers provide the fulcrum of any industry and the protection of their interests is central to the latterâs growth and development. Within one-and-a-half years of assuming office, the Modi government enacted the Real Estate (Regulation and Development) Act (RERA) in March 2016, which had been in the works for more than a decade.
RERA has infused governance in a sector hitherto unregulated. Along with demonetisation and the Goods and Services Tax laws, it has, to a large extent, cleansed the real estate sector of black money.
Hardeep S Puri
The history of urban India and the real estate sector will always be remembered in two phases Pre RERA and Post RERA
Consumer protection is an article of faith for the Modi Government. Consumers provide the fulcrum of any industry, the protection of whose interests is central to its growth and development. Within one-and-a-half years of assuming office, the Modi Government enacted RERA in March 2016, which had been in the works for more than a decade.
RERA has infused governance in a sector hitherto unregulated. Along with demonetization and the Goods and Services Tax laws, it has, to a large extent, cleansed the real estate sector of black money.