By Accommodation Times Bureau
Earlier this month, after acquainting the rules of the Real Estate(Regulation and Development) Act, 2016 (RERA), the Gujarat government on Thursday appointed a short-term real estate regulatory authority for the state. Manjula Subramaniam, former chief secretary and ex-vigilance commissioner of Gujarat, has been named chairperson of the state-level authority. Nonetheless, the government is yet to authoritatively declare the nomination.
In the meantime, the state government also formed a selection committee to recommend names of members for the full-time authority. Apart from the chairperson, the authority must have no less than two other members. The other participants are yet to be chosen, said sources while approving the nomination of Subramaniam as the head.
The RERA act which into force on May 1, provides for formation of state-level controlling authorities to register, approve and regulate real estate projects and real estate agents. Apart from ensuring compliance with the rules and regulations under the act by promoters, allottees and real estate agents, the authority has the power to call for data from developers, consumers and realty agents as well as conduct surveys in case requirements of the law are disturbed.
The power is also answerable for the publication and sustaining a website of accounts. Government officials discovered that work on building a website for online registration of projects and preserving records of official papers related to realty projects and promoters is in form and 80%-85% of work on the website is complete.