Categories: India

More than 67K projects are listed under the Rera, the home buyer says just tracking registration is not enough

New Delhi: Since the enactment of real estate regulations, Rera, and the establishment of regulatory authorities in all states, a total of 67,313 projects have been registered in the country, 46% of them in Maharashtra only.
Western states also lead the list as far as registration of property agents concerned while Uttar Pradesh is among countries in several complaints discarded by regulators.
Official data until July 10 showed that 31,221 projects were registered in Rera in Maharashtra, followed by 8,685 in Gujarat.
Karnataka has a third maximum project number registered in Rera at 4,151.
The Rera Up has registered 3,033 projects and calculations in Madhya Pradesh is 3,659.
As far as registration of real estate agents or property dealers is worried, from a total of 51,895 registration across the state, Maharashtra alone has registered 29,995 of them.
Above, 4,579 the agent has been registered while Delhi has registered almost 389 agents.
Data also shows that so far 70,001 complaints have been resolved by regulators with two benches over the rera who lead the list has thrown 27,825 complaints.
Haryana, who has also established two benches, has reported disposal of 14,591 complaints, followed by Maharashtra where 10,043 complaints have been resolved.
Abhay Upadhyay, who heads forums for the People’s Collective Efforts (FPCE), a group campaigning for the enactment of Rera, “only tracks the number of projects listed under the Rera not far after five years.
We need to find data such as the number of projects completed on the date Scheduled according to registration, the number of projects given extensions and completed in an extended period, the number of projects that are delayed outside one year from the settlement of the original schedule and the number of projects scheduled for expiration and extensions are also not sought by the promoter to assess the real success and the effectiveness of the Rera .
“He added in the same way, the number of complaints discharged by the Rera Authority was not very important.
To measure the effectiveness of theerna, there is a need to find out how many promoters obey the command of the Rera, said Upadhyay.
“The Rera Authority must disclose the amount of refund orders that are passed by them and a large amount of refund received by the complainant.
In the same line, they also have to reveal how many promoters who obey their orders about surrender, completion of facilities and facilities and last how many What is collected if there is.
Until the details are provided by the authorities, the actual impact of Rera cannot be measured, “he said.

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