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Draft 'Union Territories without Legislature' Real Estate (Regulation and Development) Rules, 2016

Start Date :
Jun 28, 2016
Last Date :
Jul 11, 2016
09:00 AM IST (GMT +5.30 Hrs)
Brief Background of the Real Estate Act, 2016 ...
JAY HIND JAY BHARAT
Sir, This is one of good act passed by govt
but in implementation part is very slow
few states ruled by other then NDA least bother of this act
Act must have covered all the property before and after MAY 2016
The contract for a property must have a clear exit clause. In the current scenario what do buyers of Unitech properties do as all Unitech projects are stalled.
sir,once legislation is done,some shortfall remains which spoils basic concept,our law maker need to verify,its impact before scraping the draft planner,or check if change require to strengthen,real estate issue start after occupancy/maintenance/register society for ownership,small society collection is less than cost for maintenance/audit/election,nobody want to take any responsibility due to lengthy society rules,
Indian education system has to change from its traditional ways of teaching to as per the requirements of industry. it has to be more practical then theoretical. I am afraid to tell current condition of colleges, specifically govt. coll. they are just bound to books, having no idea about the world outside. in a way its not their mistake, they are just following the path, one which showed their trainer. and this is where we need to work, to put push them into open world, let them persuade dream
Sir,
There is still no clarity on under construction projects which have been delayed significantly and still there is no sign of completion. Do those homebuyers get penalty as per this RERA bill. Will they get compensation for change in original plan. How the escrow account will be set for under construction projects . please give some relief to harassed common man by bringing under construction projects under this law and clear rules for them .
In real estate bill there should be some amendments keeping sustainable development in mind. 1) Like to mandatory rain water harvesting ie to collect rain water of roof and premises or total concrete area by making underground tanks and reservoir which can be used in domestic purpose.
2) To plant tree or fruit giving tree atleast in ratio of 1:2 means 1 tree for 2 flats in an apartment.
3) To implant solar plate on roof to light common road & stairs which falls under building premises
The success of any bill / law depends on its simplicity and effective implementation.
Just making law will not serve the purpose.
The basic problems of consumers, I repeat consumers are
1. Cheating in terms of legality of property.
2. Muscle power of builders.
3. Govt policies that favours builders, Banks and Investors.
4. Govt itself wants to build concrete jungle in entire country by giving lots of tax benefits. If anyone interested can study IT rules.
5. Power of black money.
Yes this Act should protect the right of the consumer who usually became the victim of powerful builders.
Real estate bill is best for consumer but you should take care also that there is a deadline set for official also to give clearance to the projects.. because we come to know some ask for bribe before giving clearance...it's also a big reason for delay in project handover