Builder will have to fulfill facilities given in the brochure

RERA Authority conducts workshops in Bhopal, Indore, Gwalior an Jabalpur

Bhopal, June 18, 2017 (Ataullah Faizan):  A one-day workshop of chartered accountants, accountants, engineers, government departments and all those associated with real estate was organized at Hotel Noor-us Sabah. Madhya Pradesh Real Estate Regulatory Authority Chairman Mr. Antony de Sa said at the workshop that the main reason for bringing RERA Act is the rampant imbalance in the region. The contractor, builder/promoters will have to abide by the contract they sign with the allottees under RERA Act. They will also have to take the guarantee of five years of their construction work. They will have to give the delivery to the allottees on time. Allottees will be able to obtain payment with interest and compensation if they do not abide by the provision. Mr. de Sa said that skillful, honest builders and developers will benefit from RERA Act. RERA Act will make real estate transactions transparent. He said that builders will have to fulfil all the claims made in the advertisements and brochure. Similarly, they will have to make use of the same Italian marble and material they have used in the model flats in the residences of the allottees. The participants were shown a live demo of the website of RERA at the workshop. The workshop has been organized with the support of CREDAI at Indore, Jabalpur, Gwalior and Bhopal to familiarize all those associated with real estate and to the common man about RERA Act and its implementation and to create awareness among them.

It may be noted here that Madhya Pradesh is the only state in which not only has the formation and rules of Real Estate Regulatory Authority (RERA) been published, but the web-based online system of RERA has also been developed. It was told at the workshop that through this medium the real estate sector will be made more organized, transparent and responsible with the consumer’s point of view. The complaints of the consumers will be redressed speedily in the Authority. Builders and real estate agents can register their application and consumers can register their complaints online on the Authority website

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