NEW DELHI: A pan-India group of home buyers called `Fight for RERA’ is camping in Delhi to meet urban development minister Venkaiah Naidu to appraise him about builder-centric rules under the real estate bill which they claim will not help home buyers who are stuck in delayed existing projects.
Abhay Upadhyay, national convener of `Fight for RERA’ says they have already written to Prime Minister Narendra Modi voicing concerns and have also reached out to Congress vice president Rahul Gandhi for a meeting on the topic.
They had earlier met Gandhi before the passing of the Real Estate (Regulation and Development) Bill to push for the bill to be cleared in the Parliament.
On Wednesday , the group met MP Rajeev Chandrasekhar, who was a member of the Rajya Sabha Select Committee on the Real Estate Bill. “We raised our concerns specifically with regards to ongoing projects with Chandrasekhar,” says Upadhyay .
“He has set up an appointment with Venkaiah Naidu on Thursday morning and will also accompany us for the discussion.We will submit our apprehensions to the minister,” he says.
He points out that the draft rules under the new act do not specify which plan builders of ongoing projects need to submit when they register with the regulator -the original, sanctioned plan or the latest version, which may have been revised several times.
“All layout plans, sanctioned plans and specifications need to be submitted for ongoing projects since launch,” he says.
Home buyers say builders should also be asked to mention the original timeline for completion of the project at the time of the launch along with any extension taken from authorities when they register the project with the new regulator.
“This apart, they should also give a fresh deadline for completing the project,” says Upadhyay , whose group represents more than 50 home buyer associations in the country and also several NGOs working in the area.
According to property research firm Liases Foras, more than half of the real estate projects across the country are currently delayed by over 12 months. Of this, about a quarter of the projects are delayed by more than 36 months.
The group has been running a campaign on Twitter for the last two months seeking an appointment with Naidu to discuss various aspects of the rules that need reworking. Upadhyay says one important aspect that should be included is that builders should have to take consent from home buyers, even in an ongoing project, for all changes made to the originally sanctioned plan.
Credits ET Realty