Varying powers of officials behind delay in RERA cases
Varying powers of MahaRERA members and adjudicating officials has meant that not all cases landing in the Pune office are suitably or fully acted upon, resulting in multiplicity of litigations or delay in administration of justice.
“The RERA Act has failed to improve on the previous law. It is ju
Varying powers of MahaRERA members and adjudicating officials has meant that not all cases landing in the Pune office are suitably or fully acted upon, resulting in multiplicity of litigations or delay in administration of justice.
“The RERA Act has failed to improve on the previous law. It is just on paper and has become just another law. Without effective implementation, the law has become toothless,” Pune-based property lawyer, Amol Patil, said.
Ineffectiveness of the law has also not helped in boosting the confidence in the real estate market, which can be seen in the sales numbers. As per property consultancy firm Anarock, the market is yet to look up. The total sales of homes now stands at less than 50% of what it was at 2014-mid, it said.
“Although Pune is a reasonably mature compared to other cities in the country, it is true that market is not back to the level of buoyancy that it was once at,” Anuj Puri, chairman, Anarock Property Consultants told media.