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| HBO |
The folks at Jammu and Kashmir can't wait to have a real estate watchdog around to keep an eye on all the upcoming real estate development.
The Backstory
A year ago, the J&K government had started the process for the constitution of the RERA under the Real Estate (Regulation and Development) Act, 2016. But things got delayed and here we are now…
Present Day
The J&K government has for the time being designated the Principal Secretary, Housing and Urban Development Department (H&UDD), as a regulatory authority under the RERA Act, 2016.
The Lieutenant Governor of Kashmir exercised the powers conferred in him by the third proviso of section 20, sub-section (1) of the RERA Act.
Per this section, until a state regulatory body is established, the government can designate any regulatory body or preferably, the Secretary of the department of housing of the state as the regulatory authority. This was done amid delays over the constitution of RERA.
However, a high level committee is yet to recommend a chairperson and other members of RERA.
⏳ Let’s see how long that takes.