A 30-membered Central Advisory Council (CAC) has been set up by the central government of India for counselling on the implementation of the Real Estate (Regulation & Development) Act, 2016. The Minister of State for Housing and Urban Affairs will be the Chairperson of the council. Excepting the chairperson, the council will also have 8 members from the central ministry including Niti Aayog CEO, Secretaries of Ministry of Housing and Urban Affairs, Department of Revenue, Economic Affairs, Department of Industrial Policy and Promotion and Ministry of Corporate Affairs, showed a gazette notification from the Ministry of Housing and Urban Affairs.
This CAC will monitor whether homebuyers have been provided proper protection under the central Act with the proper implementation of RERA across the country. Chairpersons of Maharashtra, Gujarat, Madhya Pradesh, Assam and Karnataka RERA have already there in the council. Standing for the homebuyers’ there will be president of Forum for People’s Collective Efforts and Federation of Apartment Owners’ Association’s Chairman. The council also have representatives of real estate agents and construction workers. As per the notification the chairperson of the council will have the power to incorporate any individual or organization as a technical representative to take part in the meetings of the council.
Abhay Upadhyay, the President of Forum for People's Collective Efforts (FPCE) said, “Homebuyers and their interest are the focal point of RERA and its proper implementation would need constant feedback coming from them. We are thankful to the government of India for recognizing our efforts over the years in getting RERA enacted and thereby protecting the interest of homebuyers.”
There will state governments’ representation in the council as well. The five states that have been included in the council are- Uttar Pradesh, Haryana, Odisha, Tamil Nadu, and National Capital Territory of Delhi. Reportedly, the Managing Director of National Housing Bank (NHB) and CMD of Housing and Urban Development Council (HUDCO) will also be part of the council.
-LNN (Liyans News Network)- Unable to find a suitable property in Kolkata? Drop your property need under post your property requirement in Kolkata category. Currently, we are having 72000+ listing in Kolkata. Buy/Sell/Rent properties across 100+ cities in India.
This CAC will monitor whether homebuyers have been provided proper protection under the central Act with the proper implementation of RERA across the country. Chairpersons of Maharashtra, Gujarat, Madhya Pradesh, Assam and Karnataka RERA have already there in the council. Standing for the homebuyers’ there will be president of Forum for People’s Collective Efforts and Federation of Apartment Owners’ Association’s Chairman. The council also have representatives of real estate agents and construction workers. As per the notification the chairperson of the council will have the power to incorporate any individual or organization as a technical representative to take part in the meetings of the council.
Abhay Upadhyay, the President of Forum for People's Collective Efforts (FPCE) said, “Homebuyers and their interest are the focal point of RERA and its proper implementation would need constant feedback coming from them. We are thankful to the government of India for recognizing our efforts over the years in getting RERA enacted and thereby protecting the interest of homebuyers.”
There will state governments’ representation in the council as well. The five states that have been included in the council are- Uttar Pradesh, Haryana, Odisha, Tamil Nadu, and National Capital Territory of Delhi. Reportedly, the Managing Director of National Housing Bank (NHB) and CMD of Housing and Urban Development Council (HUDCO) will also be part of the council.
-LNN (Liyans News Network)- Unable to find a suitable property in Kolkata? Drop your property need under post your property requirement in Kolkata category. Currently, we are having 72000+ listing in Kolkata. Buy/Sell/Rent properties across 100+ cities in India.
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