Kerala to notify real estate regulatory authority soon

Kerala to notify real estate regulatory authority soon

Owing to the continuing struggles related to real estate violations and grievances of the homebuyers, Kerala government is likely to notify the Real Estate Regulatory Authority (RERA), post the General Election results. Reportedly, the Chairman and other authority members will be appointed based on recommendations of the selection committee. The said committee will comprise of Chief Justice of the High Court or his nominee and the Secretary of the Housing and Law Department.

As per the sources, the recommendations have been submitted for the same. The committee has recommended two names for the post of the Chairman. Out of these, one is a retired Additional Chief Secretary (ACS) and the other is still serving the period. Six other names have been recommended to be the members of the authority.

According to the data available with Ministry of Housing and Urban Affairs (MoHUA), nearly 23 States have set up their websites as per the provisions of the real estate law. Over 40,000 projects and 31,000 real estate agents have been registered under the law as of now.

Unlike the rest, Kerala is yet to establish the authority and form an appellate tribunal to address the concerns of the homebuyers. 

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