Homebuyers’ body FPCE has demanded that real estate law ‘RERA’ should be amended to incorporate a mechanism for verifying the track record of builders before granting permission to launch projects for sale.
It also sought a new provision in the legislation to ensure compensation to homebuyers if builders fail to meet their promise of providing certain facilities and amenities.
The association has also demanded a uniform rule for refund of money in case of cancellation of units by property buyers.
Forum For People’s Collective Efforts (FPCE) President Abhay Upadhyay has written a letter to Union Minister of Housing and Urban Affairs Manohar Lal, seeking amendments in the Real Estate (Regulation and Development) Act, 2016 (RERA) to give more teeth to regulators for protecting the interest of consumers.
Through his letter, Upadhyay, who is also a member of Central Advisory Council, RERA formed by the ministry, has tried to highlight certain critical gaps in the RERA Act, causing …​Homebuyers’ body FPCE has demanded that real estate law ‘RERA’ should be amended to incorporate a mechanism for verifying the track record of builders before granting permission to launch projects for sale.
It also sought a new provision in the legislation to ensure compensation to homebuyers if builders fail to meet their promise of providing certain facilities and amenities.
The association has also demanded a uniform rule for refund of money in case of cancellation of units by property buyers.
Forum For People’s Collective Efforts (FPCE) President Abhay Upadhyay has written a letter to Union Minister of Housing and Urban Affairs Manohar Lal, seeking amendments in the Real Estate (Regulation and Development) Act, 2016 (RERA) to give more teeth to regulators for protecting the interest of consumers.
Through his letter, Upadhyay, who is also a member of Central Advisory Council, RERA formed by the ministry, has tried to highlight certain critical gaps in the RERA Act, causing … ​Latest News [ SOBAN NEWS: International and National ]
