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Central government and state officials review implementation work concerning the Real Estate (Regulation and Development) Act of 2016, on June 11 in Kohima.[/caption]
Dimapur, June 12 (EMN): Central officials of the ministry of Housing & Urban Affairs have urged north-eastern states to expedite work and progress of various projects and schemes concerning urban flagship missions in the context of the Real Estate (Regulation and Development) Act (Rera).
Officials of the Northeast states Arunachal Pradesh, Meghalaya, Nagaland, and Sikkim were told during a meeting in Kohima that they can visit other states to learn about the technologies being used there in the implementation projects.
A meeting to review the implementation of the Real Estate (Regulation and Development) Act of 2016 (Rera) and urban mission in the states of Nagaland, Arunachal Pradesh, Meghalaya and Sikkim was held on June 11 in Kohima.
The government's publicity agency the department of Information and Public Relations (IPR) offered updates on its bulletin on Wednesday.
The economic adviser for the ministry of Housing & Urban Affairs, Anupam Mishra, explained the implementation of the Rera, the updates stated. He was stated to have mentioned that the construction industry was the largest employer after agriculture. Housing is the fundamental requirement, he said.
Mishra said there used to be no regulator in the real estate sector. However, a landmark central Act3— the Rera—was passed in March 2016 to encourage greater transparency, accountability and financial discipline in the real estate sector, he said.
Rera is applicable to all the states and union territories except Jammu & Kashmir. The legislation protects the interest of home buyers by promoting greater transparency, citizen centricity, accountability and financial discipline, he said.
According to the IPR's updates, he gave details of the 'status implementation' of the Act: Rules notified by 30 states and union territories; real estate regulatory authority set up by 28 states and union territories (Regular-20, interim -8).
Likewise, real estate appellate tribunals have been set up by 21 states and states and union territories (regular-13, interim-8); web-portals made operational by 23 real estate regulatory authorities; real estate projects that have been registered so far are 41,380; the number of real estate agents that have been registered so far are 32,504, the updates stated.
Further, Jammu & Kashmir has notified its own Act i.e., the Jammu & Kashmir (Regulation and Development) Act of 2018, which is similar to the Rera.
Again, West Bengal has enacted an own Act named the Housing & Industry Regulation Act (Hira). According to the IPR, it is challenged in the Supreme Court by a home buyers' association and that the ministry of Housing & Urban Affairs also has been made party.
Accordingly, 'affidavits' have been filed by the ministry in the case to annul the Hira, the IPR stated.
The secretary of the ministry Durga Shanker Mishra, also gave an overview of the presentation of the Rera, smart city mission, Swachh Bharat Mission, National Urban Livelihood Mission, and the Atal Mission for Rejuvenation and Urban Transformation, among others.
Shankar Mishra was stated to have spoken about the status of the project in the Northeast states. He urged them to expedite work and progress of the various projects and schemes to complete the urban flagship mission.
The ministry official also advised them to take examples from other states by visiting and learning their technologies that they are using to implement the project.
In his review of the Rera, the official was stated to have spoken about its importance; the relationship between the builder and the buyer, whether commercial establishments or home buyers.
"Rera makes it mandatory for all commercial and residential real estate projects where the land is over 500 square meters, or eight apartments, to register with the Real Estate Regulatory Authority in order to provide greater transparency in project marketing and execution," Shankar said.
He was stated to have clarified that the act does not conflict with the land holding system of the state as provided by the Constitution of India.
Further, the official said that the Act provides benefit for consumers. Mishra asked the departments associated with the projects that their main focus should be on basic amenities, database, power and electricity, and social security of the state.
These objectives can be monitored once they have "installed the smart command control command centre," he said.
The ministry official mentioned that the centre had been proactively following the ‘Look and Act East Policy’ to 'transform' the Northeast Indian states and that the central government has 'given a high priority' for development of said region, the IPR added.