H.P. Real Estate (Regulation and Development Rules), 2017

Promoters and estate agents in Himachal asked to register with RERA in 30 days

Shimla: Himachal Pradesh Government has started the online registration work of promoters and estate agents. The State government today launched a web portal (www.hprera.in) for this purpose.

The government expects this step to deliver seamless, transparent and efficient services to the promoters and buyers.

The Council of Ministers, in its meeting held on August 5, 2017, had approved the HP Real Estate (Regulation and Development Rules), 2017.

The web portal will also allow promoters and estate agents to make complaints against such developers who fail to discharge their legal responsibility.

Urban Development Minister Sudhir Sharma said that the State Town and Country Planning Department would ensure that all the promoters were registered with the Director, TCP, who has been nominated as the designated officer for Real Estate Regulatory Authority(RERA).

All the promoters are required to register with RERA within 30 days. The general public is advised not to buy any plot or apartment or flat from any developer who is not registered with RERA.

The Minister said RERA aims to make the registration of real estate project compulsory besides imposing liability on the promoter to pay such compensation to the allottees in the manner as provided in the Act.

The Real Estate Regulation and Development Act, 2016, imposes an obligation upon the promoter not to book, sell, offer for sale, or invite persons to purchase any plot, apartment of a building without registering the real estate project with the Authority.

It also provides to establish Real Estate Appellate Tribunal to hear appeals.

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