The body of local Home buyers has demanded that the RERA authorities in Maharashtra, Uttar Pradesh and Karnataka reverse their decision to offer another extension to complete housing projects as this will lead to more than a year delay. In a letter to the Department of Housing, the Forum For People's Collective's efforts said the Real Estate Regulatory Authorities (RERAs) said the decision taken on the second Covid-19 drum was negligent and openly ignored the rights of real estate agents. "Also, it should be made clear that those RERA officials who have extended the deadline must issue such notice and cancel any period of notice provided," said a letter to housing secretary Durga Shankar Mishra. The Department of Housing in 2020 "with the pretense of the Covid-19 epidemic has given a six-month extension of zero to the national housing projects", with the possibility of an additional three months granted to State RERA officials, the letter said. This is done for the sole purpose of providing a builder with large sums of money for local buyers. Also read : Taliban pledge safety to protect humanitarian workers : UN official In August, Maharashtra and Karnataka RERAs extended the six-month and UP lines by nine months. Q1 GDP: Local closures during the second wave of COVID-19 help construction work to grow ... "The effect of such extensions will need to be addressed directly to home buyers who will be given their fixed budget for more than a year, provided that the extended timeline is respected, which is promising and high given the reputation of builders in our country," the letter said. The move was aimed at undermining the rights of real estate buyers included under RERA to get their homes on time. The obvious purpose for the government to introduce a law in 2017 to establish Property Management Authorities across the country was to regulate the sector as well as to protect the rights of domestic consumers. Home buyers will have to continue to pay for EMI and long-term rental despite facing significant difficulties due to job losses and lower costs, the letter, as reviewed by Moneycontrol, said. "Such an extension will create unimaginable chaos and pressure on domestic consumers," said the head of the form Abhay Upadhyay in the letter. Also read : Zydus Cadila gets USFDA approval for diabetes drug It noted that the department's advice on extending the extension of the RERA period for 2020, "apparently under the pressure of the builders, has opened the floodgates. RERA officials were offering extensions with a blanket even if there was no suspension or complete closure, it said. The second wave lasted only two or three months but the extensions were given for six to nine months. "And it is beyond our comprehension how such decisions can be taken by one-sided RERA authorities, which harms one party, unfairly and unconsciously," the letter said. FPCE has demanded that the institution intervene in the matter and direct the three countries to reverse their decisions.
