RERA introduced in Bengaluru
DSIJ Intelligence / 28 Jul 2017
The Real Estate Regulatory Authority (RERA) has commenced its activity in Bengaluru, and has started accepting registration of projects, agents and complaints.
The Real Estate Regulatory Authority (RERA) has commenced its activity in Bengaluru, and has started accepting registration of projects, agents and complaints. Earlier, in the previous month, the state government had notified the RERA rules.
Housing Minister of Karnataka M Krishnappa, while interacting with a leading business daily, said that the regulatory authority has begun functioning, and the principal secretary is heading it for the time being.
A regular chairman will be appointed soon, he noted, adding that the authority is assisting home buyers by clarifying doubts both online and offline.
The RERA officials also have asked developers of ongoing projects as well as those ready for launch to register with the authority.
However, J C Sharma, Bangalore president of CREDAI, the apex body of Private Real Estate Developers Associations, requested the regulator for a 90-day window from the date of notification of RERA rules for developers and real estate agents to get themselves registered.
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