Concerned about the delay in the implementation of the Real Estate (Regulation & development) Act , RERA in Karnataka, the members of RERA committee has written to Sonia Gandhi, the President of Indian National Congress to intervene into the delay in notifying the RERA in the state. The members alleged the party’s state government of failing in the implementation of the Act even after eight months of publishing the draft rules and seeking suggestions from realtors and buyers for the same.
It has to be noticed that Karnataka was one of the first states which published the draft rules . As of now, 18 states, including union territories have notified the RERA but Karnataka lags far behind in the race.
As per real estate stakeholders, the delay in the implementation of the RERA is affecting buyers as the biased nature of the state government towards realtors is the reason behind the dilution and delayed implementation of the Act.
As per the sources, the Karnataka government is planning to keep under-construction projects out of the ambit of the RERA, which will be a major setback for buyers suffering from delay delivery of their units.
Recently, the home buyers in Bengaluru protested against the government for the delay in notifying the Act and the state government had also assured the Central government to implement the RERA till May 15th, 2017 but still there is no sign of the new real estate rules in the state.