First National RERA Conclave highlighted issues concerning home buyers

Chief minister Yogi Adityanath inaugurated the first National RERA Conclave in the state capital on Monday. RERA chiefs and prominent property developers from across the country participated in the five sessions planned as part of the day-long event, which covered various aspects of the real estate sector. Hardeep Singh Puri, union minister of state (independent charge), ministry of housing and urban affairs, and Durga Shanker Mishra, union housing secretary, attended the event, while UP chief secretary RK Tewari and UP RERA chief Rajive Kumar addressed the gathering. An official said that one of the sessions was related to consumers / home buyers. “The session ‘RERA Implementation –Consumer Perspective’ threw light on a wide range of issues concerning home buyers,” he said. Major topics related to home buyers included efficacy of the Real Estate Regulatory Authority (RERA) in meeting demands and challenges of the sector; RERA as a vehicle of consumer protection; amicable settlement of consumer disputes through conciliation mechanism; and strengthening the follow-up mechanism, including execution of orders, he said. Notably, Uttar Pradesh tops the chart when it comes to the number of complaints lodged against property developers. The state has registered 45% of the total complaints lodged with the regulatory authority in the country. "On behalf of CREDAI fraternity, I would like to extend my wholehearted gratitude to the Government of India and UP RERA for organising the first ever RERA Conclave in Lucknow to accelerate the development of real estate sector in India. The Conclave saw full house attendance with meaningful deliberations by Industry stalwarts. I would also like to thank UP RERA for giving me an opportunity to address the pressing issues pertaining to Indian Real Estate sector and CREDAI’s recommendations in strengthening RERA & other subjective issues in the gracious presence of Hon’ble Chief Minister of Uttar Pradesh, Shri Yogi Adityanath; Hon’ble Minister of Housing & Urban Affairs of India, Shri. Hardeep Singh Puri; Housing and Urban Affairs Secretary of India, Shri. Durga Shanker Mishra; Chairman UP RERA, Shri. Rajive Kumar and our friends from media sorority." shared Jaxay Shah, Chairman Credai