Seminar on Real Estate Regulatory Rules held in Ghaziabad

Real estateA seminar on Real Estate Regulatory Rules, 2016 was organized by Consortium of Societies and AoA Federation, the apex organizations of resident bodies of Ghaziabad on Saturday.

“This event was a medium for gathering momentum for a movement to demand changes in the real estate rules from the state government as they were partial in nature and appeased the intentions of real estate developers,” said one of the organizers. The seminar was attended by residents and member of RWA/AoAs from all over Ghaziabad.

SK Bahri, chief mentor of Fight for RERA, a pan-India team of RERA activists and Dayanand Prasad, OSD of GDA were the special guests for the event.

The discussion revolved around the discrepancies infesting the latest version of RERA and the subsequent awareness of residents. “The organizers pointed out that the rules were expected to be foolproof solution to the atrocities of erring real estate developers. But instead, they were laden with cracks and fissures and escape points for builders,” said the organizers.

One of the major problems of the rules was the confusion around the term ‘ongoing’.

The rules were written with an aim to confuse the buyers, for example, Projects where RWAs or resident bodies have taken over maintenance responsibilities from the builder cannot be considered ongoing, projects where development work has been completed and sale/lease deeds of 60 per cent of the apartments/ houses/ plots have been executed cannot be considered ongoing, projects where development work has been completed and the builders have applied for a completion certificate from the competent authority cannot be considered ongoing.

The organisers said that these definitions of “ongoing project” according to the rules, was ambiguous and left many builders out of the purview of the rules.

Colonel TP Tyagi, president of AoA Federation said that there are a lot of other problems like, according to the rules, the builder has to provide details of the existing site plan of the project, but the builder does not have to mention the changes already made to the original layout plan.

“The new rules which were supposed to be the cure-all pill meant to resolve faced by home buyers were left ineffective due to the changes made by the state government. They have diluted the effectiveness of the Real Estate Regulatory Act which is the original source of the state rules.” he added.

Talking to Times of India, SK Bihari said that the pan-India team homebuyers managed to successfully attain the Real Estate Regulatory Act, 2015; it is now depended on the local and regional bodies of homebuyers to pursue the state governments to implement it properly at the state level.

When asked about the role of Fight for RERA, he added that the body would assist the smaller bodies of the country to keep the movement alive.

Sharat Jha, president of COG said that the seminar is a beginning which will be followed by more such events to spread awareness among people.

Dayanand Prasad, the GDA official assured full support to the residents. “The rules will be implemented in the best possible way for the benefit of the home buyers,” he added.


Seminar on Real Estate Regulatory Rules held in Ghaziabad

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