Housing Minister won’t be amending any provision of RERA
Union Minister Hardeep Singh Puri on Thursday said the government will not amend any provision of RERA and warned states against tweaking rules of the centre’s real estate law, asserting that it will lead to “harsh consequences”. The Union housing and urban affairs minister said the “full benefit” of the Real Estate Regulatory Act (RERA) will be realised only when its provision is implemented in letter and spirit.
“We will not tweak RERA,” Puri told reporters on the sidelines of a workshop on the real estate law, organised by his ministry amid growing demands from builders to change rules.
RERA, which protects the interest of home buyers, was enacted by Parliament and states were given powers to notify their respective rules and appoint regulatory authorities.
Puri said the states which have made its own rules by tweaking provisions of the RERA, will have to “fall in line, otherwise, the consequence is very harsh”.