News

Builders in Rajasthan find it tough to register with RERA

JAIPUR: New real estate project launches in the future are expected to witness steep downfall as developers are facing several complexities to register with Real Estate Regulatory Act (RERA) website.

After chief minister Vasundhara Raje launched the RERA website on June 1, it became mandatory for all the builders and real estate agents to register on the website.

The builders cannot start advertising, marketing, booking and selling of any new projects without getting them registered after the site was launched. However, the complicated process and several irrelevant points in the registration form are raising many challenges in front of the developers.

Since the implementation of Real Estate Regulatory Act (RERA) no developer has registered its project in the state with regulatory authority website.

CREDAI chairman, Gopal Gupta said, “The developers have to provide details of 49 points, which are mentioned in the registration form. The process is complex and it requires two- three days to collect substantial documents for one point. Recently, a conference was organised to acquaint developers with the new process as majority of them were facing inconveniences.”

The developers are also gearing up to present a memorandum to the state government to remove the irrelevant points from the registration form. “The urban development and housing (UDH) has copied the registration form performa from Maharashtra. However, it not relevant for Rajasthan.” added Gupta.

Developers also claimed that the state government has asked to submit the names of contractor, architect, structural engineer while registering the project with RERA. “It takes more than one year to complete the projects and developers hire many thekedaars (contractor), engineers and other people. It is not possible to provide the name of one person who will be assigned throughout the project.” said Abhishek Sharma another developer.

The RERA has been introduced with an aim to bring more transparency in the existing system and protect the interest of home buyers. For redressal of consumer complaints, the Rajasthan government has appointed additional chief secretary (ACS) of urban development and housing (UDH) department to head the Real Estate Regulatory Authority (RERA). Also, an appellate tribunal will be set up to adjudicate disputes. However, till date no complaint of the consumer has been registered by the authority in absence of clear guidelines, according to UDH official sources.

Read More

Leave a Comment