By Accommodation Times Bureau
Gautam Chatterjee -the retired bureaucrat was appointed as chairman of the Maharashtra Real Estate Regulatory Authority, on Tuesday. It implements the Real Estate (Regulation and Development) Act (RERA).
Chatterjee, who is an authority in urban housing, was serving as interim chairman of the authority and played a vital role in framing housing rules in the state.
Since the RERA came into effect on May 1, 11 builders have registered their projects upto the date while 500 brokers have shared their details with the authority.
According to Chatterjee, his own aim is to make the system favorable to the buyer.
“RERA will ensure that builders give the buyer whatever product he has promised,” said Chatterjee.
Under the Act, all builders have to register their projects within 60 days from the day it came into effect, he added. In the past, Chatterjee headed the Slum Rehabilitation Authority (SRA),Maharashtra Housing and Area Development Authority (MHADA), Dharavi Redevelopment Authority (DRA) .
The Act mandates that developers must provide all details of their projects on a website, register their flats after a certain number are booked and deposit the money collected from buyers in a dedicated account.
Developers have also been prevented from discriminating the buyers on the basis of caste, creed, religion, language and especially the food habits, as some cases are being register of this type.