Regulator for housing may be year away

Mumbaikars awaiting the setting-up of the housing regulatory authority may have to wait another year. One month after Parliament approved the Housing Regulatory Bill, the Centre is yet to issue a gazette notification. The notification is issued to inform citizens of the day when the Act comes into force. Unless it is done, the Act cannot be implemented.

MUMBAI: Mumbaikars awaiting the setting-up of the housing regulatory authority may have to wait another year. One month after Parliament approved the Housing Regulatory Bill, the Centre is yet to issue a gazette notification. The notification is issued to inform citizens of the day when the Act comes into force. Unless it is done, the Act cannot be implemented.

"The passing of the Bill was taken up very rigorously but thereafter there has been no movement to get it approved," said a source. "With the Centre passing its own Act, the state Act has been repealed. Further rules need to be framed to implement the Act which itself may take a year."

The state government, said sources, was keen to appoint former bureaucrat Gautam Chatterjee as the chief of the housing regulatory authority given his expertise in these matters.


Credit : http://realty.economictimes.indiatimes.com/