Eight years after Parliament passed the Real Estate (Regulation and Development) Act, 2016, the Union Ministry of Housing and Urban Affairs is in the process of reviewing the functioning of the Act, including by holding regular meetings with homebuyers and setting up a data collection unit within the Ministry, The Indian Express has learnt.
This, sources said, is to lay the groundwork for any future amendment to the Act, though there is no immediate proposal for the same. Under the Act, state-level Real Estate Regulatory Authorities (RERAs) have registered over 1.09 lakh real estate projects and disposed of over 1.11 lakh complaints, as per data provided by the Ministry to the Lok Sabha in August 2023.
According to Ministry sources, senior officials have started holding regular meetings with homebuyers to gather feedback, which is being shared with the RERAs as well. The first such meeting was held on February 29 and chaired by Additional Secretary Satinder Pal Singh.
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