After dilly-dallying for almost three months after publishing the draft rules, the government of Haryana finally approved the rules for its Real Estate Regulatory Authority on Tuesday. The Cabinet led by Chief Minister Manohar Lal Khattar gave nod to the final Haryana RERA rules along with some changes in the definition of on-going projects.
According to the final rules, all those projects for which the concerned authority has issued the license for the project development under the Haryana Development and Regulation of Urban Area Act, 1975 on or before May 1st, 2017 and where the development works were yet to be completed on the said date are considered as on-going projects.
The home buyers appreciated this move by the state government. “The government may have delayed the launch of RERA website, but I hope there will be no more darkness for buyers”, said Ashok Tiwari, a home buyer. Property buyers in the entire Karnataka have lots of hope from the government and we think the government will safeguard their interest, he added.
As per the rules, the RERA won’t be applicable if;
The new rules also state that “A project where an application is made to the Competent Authority on or before publication of these rules, but the grant of part or completion or occupation certificate is refused by the Competent Authority, whether before, on or after July 31, 2017, the promoter shall have to make an application to the Competent Authority for registration of the project within 30 days of receipt of communication of such refusal by the applicant”
According to a member of a home buyers’ association in Haryana, the government has delayed a lot in approving the RERA. Now, we hope that it will notify the rules soon. We are also keeping an eye on the new rules and the changes done in the parent Act. The changes will decide the number of projects that will come under the ambit of the RERA, he added.
The central government has notified the Real Estate (Regulation & development) Act on 1st May 2017 and asked all the states to notify their own version of the Act by 1st May 2017. States such as Maharashtra, Madhya Pradesh, Rajasthan, Karnataka , Tamilnadu and Kerala have launched the online portal for their RERA.
Visit: Get more information about RERA at Apna RERA Academy