Regional

Nagaland also agrees to implement Real Estate Regulation Act

GUWAHATI, NOV 18 (AGENCIES) | Publish Date: 11/18/2018 11:29:26 AM IST

Six North eastern states have finally agreed to implement Real Estate Regulation Act (RERA) paving way for protecting the interest of home-buyers in these states.

The states include-- Nagaland, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, and Sikkim. The six states had failed to notify RERA due to land and other issues.

The development comes after a team of the Union Housing and Urban Affairs Ministry visited the North Eastern states and discussed the issues coming in the way of notifying the Act. 

The Act, which provides proper protection to home buyers, was enacted by the Parliament in 2016.

The states were given powers to notify their respective rules and appoint regulatory authorities.

It may be pointed out that all states and Union Territories in the country, except the six North Easter states and West Bengal, had already notified the rules under the Real Estate (Regulation and Development) Act, 2016.

However, West Bengal has notified its own real estate law -- the Housing and Industrial Regulation Act, 2017 (HIRA) instead of RERA. The Act is not applicable in Jammu and Kashmir.

The ministry has asked the state government to repeal it as there cannot be two legislations on the same subject.

According to the Housing and Urban Affairs Ministry, over 20 states and UTs have established real estate appellate tribunals under the legislation, of which, seven are “regular” tribunals while there are 13 “interim” real estate appellate tribunals.

The act, which provides proper protection to home-buyers, was enacted by Parliament and states were given powers to notify their respective rules and appoint regulatory authorities.

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