New Maharashtra Housing Bill : Make House Buying More Transparent

The Maharashtra Housing Regulation and Development Bill, which was introduced in the state Legislative Assembly on recently. It aims at protecting the interest of  flat purchasers &  usher in transparency and discipline in transaction of flats by putting a check on malpractices.

Housing Regulatory Authority ..!

It also proposes to repeal the Maharashtra Ownership Flats Act & establish Housing regulatory authority and Housing Appellate Tribunal for ensuring effective implementation of the law.

Mr. Sachin Ahir, Minister of state for housing said 'The Maharashtra Ownership Flats Act of 1963 was made to prevent malpractices of promoters or developers of properties during the time when there was acute shortage of housing in many areas of the State.

After a lapse of above 4 decades, the housing activities have stabilised, and there is a need for continuous control & monitoring.

Mr.Sachin Ahir also said, ''The existing rules are not effective in protecting the interest of flat purchasers & promoters would avoid the statutory obligations imposed on them"
The aggrieved flat purchasers could only approach the consumer forum or civil courts for acts of omission or commission of provisions of the act.

Protect Public Interest..!

Mr.Sachin Ahir said the new Bill aims to protect the interests of the flat purchasers.

Establishing the Housing Regulatory Authority &  the Housing Appellate Tribunal will help promote planned &  healthy development, construction, sale, transfer & management of flats, residential buildings.

The Maharashtra Housing Regulation and Development Bill also proposes to protect public interest in relation to conduct &  integrity of promoters and other persons engaged in the development of flats and facilitating smooth and speedy constructions and maintenance of such properties.
Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

New Trends in Gold Buying by SIP Tiger

*New Trends in Gold Buying* -More people who traditionally don't usually buy gold are now investing in it. -This could be because they h...