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Maharashtra Govt delays in forming HRA panel

If this authority gets shaped, then buyer’s right will be protected and also housing sector regulated

Policy Pulse
Publish Date: May 30 2016 2:53PM | Updated Date: May 30 2016 5:42PM

Maharashtra Govt delays in forming HRA panel

 Maharashtra Government is reluctant to set up Housing Regulatory Authority (HRA) because of lobby pressure from the developers.

 
Centre had recently approved the Real Estate (Regulation and Development) Bill, 2013' and asked the state government to crush its previous approved Act and to implement the Centre one.
 
The DNA report t has quoted a source as saying that one of the clause of this new Act is to set up an ad hoc body for six months. 
 
"Meanwhile, it had asked to prepare for final HRA, its framework and its functioning guidelines. The housing secretary will head this body and would deal with the buyers and developers' issues. It has been almost two months neither the HRA has been formed nor government has shown any interest in this regard," the paper quoted the source as saying.
 
If this authority gets shaped, then buyer’s right will be protected and also housing sector regulated.
 
Buyers can also complaint against errant developers. Act will also provide for jail of up to three years in case of developers/promoters and imprisonment up to one year in case of real estate agents and buyers for any abuse of orders of HRA or monetary penalties or both.
 
A senior government official told the paper that the Centre Act has got a lot of ambiguity. 
 
"Besides, we have to make the rules and guidelines, how the body would function and the left over things would be included in the guidelines. It will take some time. Therefore, we had taken the decision not to form the ad hoc, but to form a permanent authority," the official clarified to DNA.