RERA to safeguard UP home buyers’ interests

Checking the authenticity of housing projects and ensuring that builders fulfil their commitments is set to get easier for home buyers as UP housing and urban planning department has initiated the process of registering all development authorities of the state and builders under RERA (Real Estate Regulation & Development Act, 2016). RERA is aimed at protecting the rights of home buyers and regulating construction by builders.
The move will extend two apparent benefits to the allottees -one is that they can check cross-check details of the project on a dedicated website, and secondly , the Act will compel builders to fulfil all commitments made during the time of launch.
These include meeting deadlines, delivering all features promised at the time of launch, and most importantly, giving timely possession to the allottees.
The task of designing an exclusive website of RERA has been given to Awas Band hu, under which all 28 development authorities of UP, the UP housing and development board and the five special development authorities, namely Siddhartha Nagar, Mirzapur, Vindhyachal, Bhadohi and Chitrakoot will have to register. A was Bandhu is the hous ing department’s nodal agency to supervise development in the housing sector and coordinate between various housing agencies.
A senior housing department official told TOI, “Awas Bandhu is expected to be ready with the website in a few days, after which all development authorities and builders would have to register under RERA.“ The members would have to deposit a fee of Rs 500 to enrol under RERA.
Since RERA lays down strict guidelines, it has the potential to weed out illegal elements and small-time builders infamous for encroachment, flouting bylaws, bypassing development authority’s nod, or duping consumers with false promises.
An official said, “If a registered builder fails to meet any of the parameters, he would be liable for serious legal action like getting blacklisted or paying a heavy penalty . The builder may even end up going to jail.“

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