Delhi-RERA asks DDA to get real estate projects registered


Roger Pettingell Sarasota Real Estate

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Delhi-RERA chairman Anand Kumar has informed that the Delhi Development Authority (DDA) must register its real estate projects with the regulator for protecting the interest of property buyers in the national capital.

Speaking at an interactive session organised by CII-Delhi State Sub-Committee on Real Estate in association with India Sotheby’s International Realty on Tuesday evening, Kumar said that the authority has power to take action under sections 59 and 61 of the Act against those who fail to do so.

“People who is into the real estate development sector whether it is DDA or Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) or any other development organisation, if they are doing plotted development or if they are doing real estate projects, as per section 3, they must get registered with us,” Kumar said.

The Real Estate (Regulation and Development) Act, known as RERA, was passed by Parliament in March 2016 and it came into force on May 1, 2016, with 69 of 92 sections notified. The real Estate Regulatory Authority for the National Capital Territory of Delhi (Delhi-RERA) was established through a notification in November 2018.

“We have given our orders and judgement asking DDA to register with us, following which DDA has gone and appealed against our order,” he informed.

Kumar also asserted that the DDA will ultimately sell flats to consumers even if it is developing projects from its own fund.

“After completing the building, they (DDA) are going to sell these flats to the end consumers. If DDA delays the project, if the cost escalates, who is going to suffer, the buyer. So, keeping this thing in mind and moreover anybody who hands over a building or apartment or etc, he is responsible to maintain the quality for 5 years, as per the RERA Act,” he said.

Considering these factors, Kumar reaffirmed that the DDA must register all their real estate projects with the Delhi-RERA.

“So, we have said so in very clear terms and our order is on the website. The development authorities must own it up, own up their responsibilities,” he asserted.

“We will urge the government to make the completion certificate a must at the time of property registration, this is very important,” said Kumar.

Further, the Delhi-RERA Chairman also highlighted the latest amendment made in the Act regarding mandatory regisreal tration of the project.

“It is now mandatory for builders to register projects with RERA where plot area exceeds 500 square metres, regardless of the number of units constructed on it. Similarly, irrespective of the plot size, if the number of units to be constructed on the plot is eight or more, it should get registered,” said Kumar.

Meanwhile, India Sotheby’s International Realty CEO Amit Goyal hoped that the same gets adopted by all developers working in the Delhi market.

 “This is a critical move to protect the consumer and end home buyer,” he added.

 

(With PTI inputs)

 

 

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