NEW DELHI: A member of the government’s Central Advisory Council (CAC) has told the housing ministry that mandatory registration of real estate projects under RERA has become meaningless as it doesn’t ensure compliance or protect homebuyers. He has urged the ministry to make mandatory the submission of a “declaration” by builders and their group entities before registration of any project, confirming that all dues to buyers, the authorities and courts in other projects have been cleared. In a letter to housing minister Manohar Lal Khattar, CAC member Abhay Upadhyay has suggested that any false declaration by builders result in such promoters being barred permanently from real estate business across India and imposition of heavy penalties on them. Upadhyay, who also heads FPCE, a pan-I
CAC Member Flags RERA Gaps, Urges Mandatory Declaration from Builders on Pending Dues
The Times of India4 hrs ago
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