Bengaluru | Mumbai: Indian home buyers’ body Forum for People's Collective Efforts (FPCE) has written to West Bengal chief minister Mamata Banerjee to repeal the West Bengal Housing Industry Regulation Act (WBHIRA) and implement the Real Estate Regulation Act, 2016 (RERA) in its true spirit.
The association told the chief minster that the action of the West Bengal government has the potential to make ‘RERA’ redundant, as several states would emulate West Bengal and enact their own laws. FPCE has said in its letter that the West Bengal Housing department had even convened a meeting of all stake holders on January 10, 2017, for the finalization of the Draft West Bengal Real Estate (Regulation and Development) Rules, 2016.
Currently, the government is examining whether two separate Acts on the subject of regulation of the real estate sector -- one enacted by the Centre and the other by a state — can coexist. RERA was fully notified in 2017 and states were given powers to notify their respective rules and appoint regulatory authorities. While this is applicable across the country except Jammu & Kashmir, West Bengal is the only state to not implement RERA, a law which was passed after almost a decade of persistence by home buyers.
"We strongly hope that Mamata Banerjee would favourably consider the appeal of pan-India home buyers in general, and of West Bengal in particular, by implementing RERA in its true spirit -- the uniform law for real estate sector of our country,” said MS Shankar, secretary, Forum for People's Collective Efforts.
RERA was passed by the Parliament in March 2016 to address the woes of millions of home buyers and to bring about governance in a sector that was hitherto unregulated. RERA was passed with the intent of having a uniform law for the sector.
It was with this in mind that the Parliament repealed the Maharashtra Housing Act, 2012, vide section 92 of RERA. Subsequently, Kerala too repealed its state law on the subject and adopted RERA.
Read more at: