Summary:
Mr.
Tiwari reviewed the launch of the RERA portal on Wednesday in the presence of Municipal Administration Secretary Arvind Kumar and others. more-inWith the Real Estate Regulation Act (RERA) scheduled to come into force from August 1 onwards, the Special Chief Secretary (Revenue) and chairman of the TSRERA Rajeshwar Tiwari said that a meeting with real estate developers and the prospective buyers would be organised soon to create awareness about the Act. A regulatory mechanism to enforce contracts and to establish fast-track dispute resolution mechanism is also required to promote good governance in the sector, said Mr.
Kumar. The prospect of the portal having a link with the sanctioning authority or the municipal authority for automatic uploading was discussed at the meeting. It also aims to provide information to the promoter and the allottee and impose certain responsibilities on both..