ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Nagendra GoelSubscribe to Nagendra Goel

Legislation for the Real Estate Sector

The Real Estate (Regulation and Development) Bill, 2013, which was introduced by the United Progressive Alliance government in the Rajya Sabha in August 2013 provided for institution of a uniform regulatory environment, aimed at protecting the interests of homebuyers and establishing an adjudicatory mechanism for speedy adjudication of disputes. It imposed clear responsibilities on the promoter, buyer and the real estate agent and introduced standardisation in business practices which could ensure orderly growth of the real estate sector across the country.

Why the Maharashtra Housing Act, 2012 Should Be Repealed

The Maharashtra Housing (Regulation and Development) Act, 2012 which was enacted after the centre's Real Estate (Regulation and Development) Bill, 2013 was tabled in Parliament does not protect the home buyer's interests, and also undoes a number of consumer benefi ts won through arduous litigation.

Why the Maharashtra Housing Act, 2012 Should be Repealed

Does the Maharashtra Housing Act, 2012, notified for implementation on 24 th February 2014, weaken the existing legal architecture available under the Maharashtra Ownership Flats Act, 1963? Or does it strengthen the proposed framework under the Real Estate Bill, 2013 or nullifies the reform provisions provided under it? This article attempts to unfold and decipher the provisions of the Maharashtra Housing Act, 2012 vis-à-vis the Real Estate Bill, 2013, with the provisions of the Maharashtra Ownership Flats Act, 1963 in hindsight, which this Act has now repealed.
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