By Accommodation Times Bureau
In the November, 2016 , though the Parliament has passed the (RERA) Real Estate Regulatory Act, but the states are allowed to frame the rules of RERA ; according to its suitability to local conditions ; as the housing falls in the co-occurrent list of the constitution.
The consumer rights group Mumbai- Grahak Panchyat (MGP) – is pleased with the victory as it has claimed that 10 of its suggestions to the rules of Real Estate Regulatory (RERA) Act has been accepted by the State Government. However, one of its major suggestions about payment schedule has not been accepted by the state government.
Last date to file suggestion and objection, about the RERA Act was December 31, 2016. Now, the rules under the act have been notified by the state government and act will come into force from May 1, 2017.