GHAZIABAD: Home buyers in Ghaziabad and the twin cities of Noida and Greater Noida have started an online campaign to get the Real Estate Regulatory Agency (RERA) Bill passed during the Budget session of Parliament.
Flat owners are tagging Prime Minister Narendra Modi, Rahul Gandhi and Union urban development minister Venkaiah Naidu in tweets and videos, with hashtags #passrerabill and #fightforrera, to ensure the bill gets tabled. The first part of the Budget session will end on March 16. The second part will be from April 25 to May 13.
“Since 2013, when the bill was introduced in Rajya Sabha, it has been hanging fire. We’re determined it sees the light of day in this session,” said Federation of Apartment Owners Association (Fed AOA) president Alok Kumar.
Members of RWAs said they had been assured by Venkaiah Naidu and Congress vice-president Rahul Gandhi in the past the bill would be passed soon. Naidu had on Monday expressed confidence the realty bill would become “reality” in this Parliament session, and that discussions are under way with stakeholders.
Fed AOA secretary D K Maurya said they have joined hands with aggrieved buyers from Kolkata, Mumbai and Hyderabad to drum up support for the campaign, and response has been great.
“Builders charge 18-24% interest if a buyer delays paying instalment, but there’s no such penalty on builders for delay in possession. I hope the bill fixes such issues,” said homebuyer Pragya, who tweeted her support.
Shonit Singh, a home buyer from Ghaziabad, said the primary reason for delay in handing possession is that builders tend to divert funds raised for a project to another project. “If the bill comes into force, builders will be forced to spend 70% of the fund in the project from which money is raised and that will be a big respite,” said Singh.
Builders’ body Credai said it, too, is hopeful the bill will be passed soon. “It will be beneficial for both builders and buyers. As a builder, we have to deal with several government agencies a prime reason for delay in projects. The realty bill will ensure there will be a dedicated authority to deal with all grievances,” said NCR Credai president Manoj Gaur.
Credits ET Realty