Uttar Pradesh government revised the RERA rules, received mixed reaction from realtors

Uttar Pradesh government revised the RERA rules, received mixed reaction from realtors

The Uttar Pradesh government has redrafted the Real Estate (Regulation & development) Act , RERA rules making it pro-consumer. The new draft excludes all diluted rules tweaked by the previous government in favour of the developers to keep most of the projects out of law’s ambit. According to Mahendra Bahadur Singh, special secretary of UP housing department and head of the RERA drafting panel setup by CM Yogi Adityanath , the new rules are framed on the lines of the parent Act and will meet the expectations of the consumers. We are about to give a final touch to the rules which will get necessary approval by May 31st, 2017.

However, on the other side the new RERA draft rules which are yet to get government’s approval, received mixed reactions from the realtors. According to the new rules, the entire on-going project or the project which has not received the occupancy certificate before 1st May 2016 will come under the ambit of the RERA.

According to Amit Modi, vice-president of CREDAI, RERA will generate a positive vibe, restore consumers’ faith & confidence and will enhance professionalism in the real estate sector.

The director of Amrapali Group told that it will be hard to deliver the projects after the notification of new RERA rules. As of now, Amrapali Group has to deliver about 10,000 flats in Noida but we will try our best to comply with the new rules and deliver the units on-time. Recently, the Allahabad high court asked the state government to submit a report on the status of the implementation on the Real Estate (Regulation & development) Act alias RERA in the state.

As per the research by Apna RERA, the fair play promoters who adheres the basic rules of the real estate sector will easily comply with the new RERA rules.

The Central government notified the RERA rules on 1st May 2016 and asked all the states to notify their own version of the Act by 1st May 2017. Uttar Pradesh was one of the first states to notify the Real Estate Act, but after the group of homebuyer’s alleged the previous government of diluting the Act the current government of the state assured the buyers to revise and implement a consumer friendly RERA rules.


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Comments :

    7905403546 Vishal Sahani

    Please Guide me, Mai Vishal Sahani form Gorakhpur. Maine Gorakhpur Real Estate Blog Banaya hai. Kya Mujhe Real Estate Blog ke liye kuch Karna bhi padega ya nahi. Kripya mujhe jankari de jisse mai is blog ko chalau ya band karu. Please Call me and Guide me. 7905403546

    Vishal Sahani

    Please Guide me, Mai Vishal Sahani form Gorakhpur. Maine Gorakhpur Real Estate Blog Banaya hai. Kya Mujhe Real Estate Blog ke liye kuch Karna bhi padega ya nahi. Kripya mujhe jankari de jisse mai is blog ko chalau ya band karu. Please Call me and Guide me.

    Mudasira Khan

    Do we have a list of builders and the possession dates for each property on this site . If not we should have a list of builders and there possession date to maintain transparency. Also how can we find if a particular builder have been registered under RERA.

    Lalit Kumar Gupta

    In RERA , the carpet area is governing term to sail the Flats but in UP all the Builders have sold the Flats on the basis ofterm Super Area .Each and every Builder has defined the Super Area in their own eay best suited to him.Will the term Super Area shall be replaced by Carpet Area in the BBA of Ongoing Projects after implementation of RERA ?

      7275433575

      NOT ONLY IN " UP " INCLUDING ALL DEVELOPERS OF INDIA ARE CALCULATING bsp/clp ON SUPER AREA LIKE dlf, mgf, vatika, jmd, raheja ETC.

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