Haryana govt invites suggestions on realty regulatory draft Bill
Gurgaon- In order to establish the Haryana Real Estate Regulatory Authority (HRERA) for regulation and planned development of the realty sector, the Haryana Town and Country Planning Department has invited suggestions on The Haryana Real Estate (Regulation and Development Bill-2013).
The Authority would regulate properties of over 1000 square meters or projects consisting over 12 apartments for planned development and to protect interest of consumers in real estate sector.
The document of the draft Bill has been uploaded in the website http://www.tcpharyana.gov.in for public scrutiny.
The department has also invited suggestions for forming an Appellate Tribunal to adjudicate disputes and hear appeals on the decisions or orders of the Authority.
With the establishment of HRERA, it is expected that the sale of immovable properties will be carried in an efficient and transparent manner. After the draft Bill gets approval, an Act would also be notified.
Once the legislation is enacted, no promoter shall book, sell or offer for sale, or invite persons in any way, to purchase any immovable property or a part of it without registering the real estate project with the HRERA established under the Act. Within an year from the Act coming into force, the state government will establish the Haryana Real Estate Regulatory Authority.
The HRERA will comprise a chairperson and two whole-time members appointed by the government. The chairperson and other members of the Authority shall be appointed on the recommendations of a selection committee consisting of persons having professional experience (at least 20 years in case of chairperson and 15 years for members) in urban development, housing, real estate development etc.
Any person who is, or has been in government service, shall not be appointed as a chairperson unless he/she has held the post of principal secretary to the state government.
Any person who is, or has been in government service, shall not be appointed as a member unless he/she has held the post of secretary to the government or the post of chief town planner in the government.
Under the Act, every promoter shall make an application to the Authority for registration of the project with a fee as fixed by the regulation.
Documents like enterprise details including name, address, type of enterprise (proprietorship, societies, partnership, companies, local authority) and particulars of registration; an authenticated copy of the commencement certificate from the competent authority, etc. have to be enclosed by the promoters.
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Appellate Tribunal, Gurgaon, Haryana, Haryana Real Estate Regulatory Authority, Haryana realty sector, Haryana town and country planning department, Housing, Real estate development, Real Estate Sector, Regulation and Development Bill-2013, sale of immovable properties, Urban development
