Election Commission gives nod to RERA appointment in Rajasthan

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    The steering committee of the Election Commission has finally given the nod to the appointment of Real Estate Regulatory Act (RERA) in Rajasthan. The process for appointment of authority and tribunal under Real Estate Regulatory Act (RERA) has received permission on Monday.

    The RERA Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The Act establishes RERA in each state for regulation of the real estate sector. The Rajya Sabha passed the bill on 10th March 2016 and Lokshabha passed it on 15th March 2016. As soon after the model code of conduct got implemented, the appointments became subject to election commission clearance.

    Despite the EC clearance, appointments though continue to delay as the date to receive applications gets extended. Hundreds of property related issues and complaints thus will have to wait a little more for being tabled at the tribunal.

    Rajasthan government had been unable to make these appointments every year past the act came in force at state. It was following orders of Rajasthan High Court that a three-member committee was recently constituted for conducting the appointments.

    Read more: Mock polling in Rajasthan to create awareness about EVM and VVPAT

    Details of the RERA process in the state

    Registration under the act is now compulsory for all new real estate projects at state before advertising and booking. There are also provisions to ensure time-bound possession of the property to the buyers and compensation against the delay. A dedicated tribunal is proposed under the act to decide upon the related issues.

    Applications for the members have been invited up to November 15. The process is likely to be completed in January. The real estate Act was constituted for the conservation of real estate buyers and homeowners.

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