KOLKATA: Properties coming up illegally on disputed land will soon be a thing of the past. The Mamata Banerjee government is taking steps to relieve consumers from the painstaking search on the nature and legality of real estate projects before booking a flat. The state government will make realtors across the state enrol with the West Bengal Real Estate Regulatory Authority and, thereafter, record details of their new projects, which will be made available on the authority’s website.
The mechanism comes as part of the rules being framed under the central Act –Real Estate Regulation (RERA) Act 2016 -by the state housing department. Such an arrangement will minimise chances of fraud.Under the new arrangement consumers won’t have to move the consumer courts against realtors. Sources at Nabanna said that the new rules will come into force within a month.
The housing department is framing the rules in a bid to extend the regulatory mechanism across the state replacing the existing West Bengal Building (Regulation of Promotion of Construction and Transfer by Promoters) Act,1993, that was limited to Kolkata, Howrah, New Town, Barasat and Siliguri.
Once the rules are in place, buyers will get details of the upcoming projects from the website of the WBRERA, which will be placed under a retired IAS officer. The regulatory authority will have two other members to plug the loopholes in the system. The WBRERA won’t approve new projects unless realtors register the projects with WBRERA giving details of layout and land status along with the names of the engineers and architects. They have to submit the land deeds with a declaration that the land is free from all encumbrances. And for this, WBRERA will charge a fee on realtors.
The new rules would mark a difference from the 1993 Act under which there was no provision of public disclosure of new projects. An officer of the deputy secretary rank used to head the body. Now the realtor‘s name, even if it is a joint sector project, will be available on the WBRERA website. State housing minister Sovan Chatterjee has held a series of meeting with the stakeholders and the government is in the final stages of shaping up the rules. Bengal has already missed the Centre’s October 31 deadline for framing the rules. “The Centre wants the RERA to be in place from May 1, 2017. We will frame the rules within a month,“ said Chatterjee.
Credits ET Realty