RERA act will be complete one year on this first May. This act the Real Estate Regulatory Act (RERA) implement by the Central Government for tightening its screw on real estate and relieving home buyers. But even after the implementation of this Act, the buyers have not got any advantage over the ground. This creates suspicion in the minds of the buyers, because in many states the portal has not been created for this.
Twenty States did notify: Except Jammu and Kashmir, RERA Law is applicable throughout the country. In these 28 states, only three have appointed their permanent regulator.Its notifications have been issued in 20 states.Despite this, 14 states have started separate portals for RERA. According to Knight Frank Property Consultancy even after this, the problems of customers are not taking the name of the short term.
These states have not started Webportal: Maharashtra, Madhya Pradesh and Punjab have only appointed regular regulators. The other states have temporarily appointed regulators on this post. Although Assam, Haryana, Kerala, Telangana and Odisha have not yet started separate portals for RERA.
Portal of these states does not get complete information: Information that developers are uploading at the port of Rera, states like UP, Bihar, Rajasthan and Andhra Pradesh are inadequate for buyers. This is because RERA has to register all the ongoing projects by August 2017. But many such projects which have not got the PG certification and they have not been registered in the RERA.
West Bengal Government Not Notified: According to the report, Mamta Government in West Bengal has not yet notified this law. Apart from this, all the states of the Northeast are also included in the same queue. According to this, the state government has also proved to be lame in implementing it. In such a way, the builders will be tempted to commit fraud, and this will tell the time to come.