Government official says 21 states and UTs notify RERA rules
DSIJ Intelligence / 20 Jul 2017
A total of 21 states and union territories have notified the final rules of the real estate regulatory Act (RERA), a top government official informed.
A total of 21 states and union territories have notified the final rules of the real estate regulatory Act (RERA), a top government official informed.
Only two states have formed permanent RERA authorities so far, the government official further said.
Joint secretary, ministry of housing and urban poverty alleviation, Rajiv Ranjan Mishra said, "We hope around 29 states will notify the final RERA rules by July 31. Barring North Eastern states, as they have some land law issues, I hope all the states will at least notify RERA rules by July 31."
Mishra was speaking at an event organised by industry body, Confederation of Indian Industry (CII).
He also said RERA’s long-term impact will be beneficial for the industry.
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