RERA in Punjab to be reality soon

RERA in Punjab to be reality soon

Giving a nod to notify the Punjab Real Estate (Regulation & development) Act , RERA, the Chief Minister of the state Captain Amarinder Singh ordered the Department of Housing and Urban Development to implement the pro-consumer rules and approved to establish the RERA authority in the state.

According to an official, the CM asked the Additional Chief Secretary (Housing and Urban Development) to mandate every developer to earmark five percent of the total project area to build dwelling units for economically weaker section of the society.

The Punjab RERA authority will consist of a chairperson and at least two members as mandated in the notification released by the Central government. As per the sources, the draft RERA rules of Punjab are on the lines of the Centre prescribed Act . It will cover all under construction projects which have not obtained the completion certificate prior to May 1, 2017, which is built on 500 sq. meters or more and has eight or more apartments.

The CM will place the memorandum, related to the implementation of the Act in the state, before the next Cabinet meeting for its approval.

Laying special focus on providing basic amenities such as water, proper sewage system, roads, etc. to residents of unauthorized colonies, the CM asked the officials to find a way to do so without entertaining development of more such colonies.

He laid stress on developing both the rural and urban areas in a holistic manner and asked the officials to derive a mechanism for the housing for homeless people in the state.

The Central government implemented the Real Estate (Regulation & development) Act on May 1st, 2016. The state governments were required to implement the Act by May 1st, 2017. As of now, only nine states and six UTs have notified the Act and rest are in the procedure of doing so.

Click here RERA Punjab draft rules .

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Comments :

    G s virk

    It is appreciable that the Panjab govt have cleared RERA RULES to be notified and also given nod for establishment of RERA should be done immediately to stop the scruplous builders from fleecing the innocent buyers.hopefully govt will act firmly n implement RERA on central pattern.

    Chaman Lal

    I appreciate the steps of S.Amrinder Singh for establishment of Authority of implementation of RERA and his nod to notify the RERA on central pattern only. Looking forward for notification at the earliest

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