Minister of Housing and Urban Poverty Alleviation M.Venkaiah Naidu urged the States and Union Territories to implement the Real Estate (Regulation & Development) Act ,2016 from the first of May this year.
He added,“Real Estate Act is one of the most consumer friendly laws passed by the Parliament which was appreciated benefits both the buyers and sellers of real estate properties besides enhancing the credibility of the sector. I expect the States and UTs to rise to the occasion and ensure implementation of the Act from May this year,”.
There are some media reports that some States have diluted some provisions of the Act in the Rules notified by them. States don’t have such powers and I hope such reports are not true, added Venkaiah Naidu.
Real Estate Rules so far been notified for Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh, Delhi, Chandigarh, Andaman & Nicobar Islands, Dadra and Nager Haveli, Daman & Diu and Lakshadweep.