PUNE: Consumers are keenly looking forward to the rules regarding registration of developers under Real Estate Regulatory Authority (RERA) even as the housingregulator's appointment was cleared by the state government on Tuesday.
The regulator had to be appointed before April 30. The rules regarding the establishment of the housing regulatory authority were notified and the remaining rules should be out in the public domain in the coming two days, stated housing department sources. The chief minister had earlier approved the rules on March 22 and officials from the housing department stated that RERA will be functional from May 1.
Mumbai Grahak Panchayat's Shirish Deshpande is keenly looking forward to the rules for the developers which will give a clear picture on whether there has been any dilution of the central Real Estate (Regulation and Development) Act 2016. The CM had earlier told TOI that the rules will be as per the central act. Deshpande's group had suggested several suggestions.
The failure of most states to put in place a regulator ahead of the April 30 deadline has put a question mark on the Union government's effort to protect home buyers by giving them a platform to resolve disputes quickly.