New Delhi: Union Urban Housing and Urban Development Minister Hardeep Singh Puri has expressed concern over the crisis of trust between builders, real estate agents and customers. They say that making the whole system transparent is the priority of the government. Creating trust in customers should be the first responsibility of builders and agents. Puri said this in a meeting with the real estate association officials. The office bearers of the Association had come to the Union Minister to explain their problems. During this time, he also counted some discrepancies in the Real Estate Regulation Act of 2016. Puri has advised them to improve the system and build trust among the customers. S.K Mittal, who is in the delegation, said that the law has come into effect in the whole country since May 2017. Under this, the law is being implemented in different states in different ways, which has started to cause their problems. The President of the Association of Certified Realtors of India, Ravindra Agarwal was doing kanetatta.
The Urban Housing Minister has advised them to implement the provisions of the law while making the construction and building problems related to the customers. Taking the matter of ‘one nation one license’, real estate agents said that despite its provision in central law, the states have implemented it in different ways. Najir said that in central law, the agent’s license fee is 10 thousand for special and 50 thousand for the company, while in Uttar Pradesh and Haryana it is 50 thousand and two and a half lakh. Similarly, in every state it has been made necessary to get separate license. The fact is that in the real estate industry, because of the crisis of confidence and lack of confidence, this sector is in a bad shape at the domestic level. Millions of houses are ready to be built, whose prices have been artificially enhanced. The real buyer does not dare to buy it. During the meeting, it was believed that foreign rule was not being made due to the rule of law.