It will decide on housing disputes and will have powers to punish errant builders
GN Bureau | June 16, 2015
Recognising the unique needs of Maharashtra, especially that of Mumbai, the centre has approved formation of a regulatory body to safeguard interests of home buyers.
The regulatory authority for the real estate will be a quasi-judicial body and resolve the disputes related to the housing sector. It will have a chairman with powers to punish or fine culprits like builders or developers. The authority will also hold hearings like courts.
The centre gave a go ahead to the state to frame rules to implement the state housing regulatory bill passed by the legislature and approved by the president. The Maharashtra Housing (Regulation and development) 2012 was passed two years ago and the presidential assent came last year.
The centre’s similar legislation in parliament is yet to be okayed by the Rajya Sabha and hence the Maharashtra government was to hold back implementation of its own law. But now the state has got a go ahead under its own regulatory authority law.
"The process of framing of rules is in progress and the delay was because the Centre had framed a similar law "Real Estate" (Regulation and Development Bill) and wanted the state to adopt it. However, the Central government's bill is pending in the Rajya Sabha. We explained to the Centre that Mumbai's housing needs are different from the rest of the country. There was urgent need for a housing regulator and that our provisions were better than the proposed central law. Our submission has been accepted and we will have our own housing regulator," Shrikant Singh, Principal Secretary Housing department said.
"We have got official nod from the Centre to set up our own regulatory authority for the state. We are in the process of forming rules and regulations after which the authority will come into existence," Singh said.
Singh said consultations are on with law and judiciary and finance departments for framing rules regarding setting up of the regulator.
The government has sanctioned 111 posts of cyber security professionals for the Indian computer emergency response team (ICERT) under the ministry of electronics and information technology (MEITY), according to a ministry official, who added that the posts were sanctioned earlier this year.
In many ways the story of Gross National Happiness in a country is the story of Bhutan and its modern history. There are two major transition points in Bhutan’s recent history, the beginning of the monarchy in 1907, and the transition to a Constitutional monarchy in 2008, and the pursuit of happine
Do you agree with the ban on the sale of cattle for slaughter through animal markets?
Prime minister Narendra Modi celebrated three-year of his government on May 26 by inaugurating Dhola-Sadiya bridge over the Brahmaputra river in Assam’s Tinsukia district. It is the longest bridge in India, which runs 9.15 km from end to end and connects Assam with Arunachal Pradesh.
IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 was Rs 4,45,373 crore as compared to Rs 4,06,828 crore in the previous fiscal. IndianOil`s income from
Hindustan Aeronautics Limited (HAL) carried out first flight of light utility helicopter (LUH)-PT-2 on May 22 at its Bengaluru-based facility. The flight duration was about 22 minutes and pilots reported nil snag, HAL said. “These maiden flights of indig