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Karnataka Cabinet defers again decision on notifying RERA rules

Posted by Admin on July 21, 2017
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Chief Secretary-led committee is still looking into the proposals: says Minister.

For the second time, the State Cabinet has deferred its decision to notify the final rules for the Real Estate (Regulation and Development) Act (popularly called RERA).

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Minister for Law and Parliamentary Affairs T.B. Jayachandra told presspersons after the Cabinet meeting on Thursday that the issue had been deferred as the Chief Secretary-led committee was still looking into the proposals. “They are studying the implementation of this Act in other States, and we will take up the issue of RERA in our next meeting,” he said.

Karnataka had missed the May 1 deadline for the notification of the final rules of RERA, which seeks to protect homebuyers through a bevy of regulations. Apart from setting stringent rules such as having approvals before the start of registration, the Act would see the formation of a Real Estate Regulatory Authority that will deliberate on complaints against builders within 60 days.

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Barely four weeks ago the Cabinet had decided to defer the topic. M.S. Shankar, founder-member, Fight for RERA, said the government was delaying a decision on purpose.

Official sources said implementation of the RERA Act may get delayed because the government is showing no hurry to notify the rules and set up the regulatory body, as mandated in the RERA Act. This, they said, was because the government was under pressure from small builders, especially those involving MLAs from Bengaluru, who are seeking relaxation of certain stringent norms incorporated under the Centre’s Act.

They want time to give possession of houses flats to buyers to avoid penalty provision under RERA for delayed delivery, and want the state government to notify rules in such a manner that only those projects that were launched after the Act comes into force from May 1 this year be brought under the ambit of the State’s Act.

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Karnataka had missed the May 1 deadline for the notification of the final rules of RERA, which seeks to protect homebuyers through a bevy of regulations. Apart from setting stringent rules such as having approvals before the start of registration, the Act would see the formation of a Real Estate Regulatory Authority that will deliberate on complaints against builders within 60 days.

Barely four weeks ago the Cabinet had decided to defer the topic. M.S. Shankar, founder-member, Fight for RERA, said the government was delaying a decision on purpose.

When asked if the inclusion of ongoing projects, which many RERA activists say is being contested by the real estate lobby, is the stumbling block to making a decision, Mr. Krishnappa said, “It is wrong to think that the government is buckling under any lobby about ongoing projects. We are only studying all the aspects.”

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Source: TH