In order to implement the Real Estate Regulation Act (RERA) properly, the Karnataka Government has begun the procedure to setup a permanent Real Estate Regulatory Authority. Recently a notification has been issued to setup the RERA authority that will comprise of a chairman and two members. The application for the same is also invited.
The state also issued a notification to set up the RERA authority comprising a chairman and two members and sought applications for the posts.
Abhay Upadhay, the member of Central Advisory Council, RERA said that this southern state took a long time to formulate a permanent RERA authority. However, this is a welcome move. He also said that finally, the state is moving in the right direction.
The RERA Act was formulated by the Narendra Modi-led NDA Government in May 2017 and Karnataka took two more months to implement it. The procedure to set up a RERA authority is still no finished and the Real Estate Appellate Tribunal is yet to be set up. In the current situation, the home secretary holds the position of RERA chairman as an additional charge.
UT Khader, the Housing and Urban Development minister had a meeting with a delegation of Forum for People’s Collective Efforts recently and said that RERA has not been effectively implemented in Karnataka which is also a genuine concern. The Karnataka State Government is now focusing on the appointment of the chairman and members of the authority.
J Ravishankar, housing secretary said that we are receiving a positive response and are expecting a good number of applications for the above-mentioned posts that too before the last date of application submission that is December 15.