Rajasthan govt appoints regulatory authority
The Rajasthan government appointed additional chief secretary (ACS) of urban development and housing (UDH) department as the regulatory authority for real estate sector. The decision was taken as the central law empowers the state government to designate any officer as regulatory authority till a full-fledged regulatory authority is established for grievance redressal in respect of projects registered with such authorities. "The appointment of the regulator will bring relief to homebuyers who have been cheated or misguided by developers. The victims can approach the housing regulatory authority with their grievances. The ACS will hold the charge of housing regulatory authority until the body is constituted," said a senior UDH official.
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