Homebuyers' Body Seeks Audit Of Projects Delayed By Over 2 Years

Published on 20 Dec 2018 by Shivi

The Forum for People’s Collective Efforts (FPCE), a pan-India body of homebuyers, has sought a forensic audit of all housing projects that have been delayed by more than two years to find out whether funds have been diverted, as turned out to be the case with Amrapali Group’s projects.

It has suggested that the Real Estate Regulatory Authority (RERA) initiate a census of all delayed projects and pass seizure order along with the auction of seized assets if it finds that funds have been diverted. The body has also sought that RERA authorities constitute flying squads to keep a check on builders adhering to RERA provisions such as maintenance of escrow account, check exact status of project completion and compare that with declaration given by the builders, deviation from the sanctioned plan, specifications and layout.

The flying squad and inspection, according to the body, will help detect any wrongdoing at early stages so that immediate remedial steps can be initiated. “RERA authorities should be proactive to stop things from happening than to allow them to happen and then take corrective action. The ground reality can be very different from what is being submitted on paper,” FPCE president Abhay Upadhyay told.

READ: Timeline Of A Complaint Under RERA Against A Builder

These suggestions were made at a recent RERA workshop organised by the Ministry of Housing and Urban Affairs. The homebuyers’ body has suggested the creation of a comprehensive portal by the central government linking all state RERA websites to provide all information on projects on a single platform. It has also recommended the creation of a unique email id for homebuyers to report unregistered projects or any other violation of provisions of RERA.

According to FPCE, state RERA authorities are also mandated to notify ‘Agreement for Sale’ (AFS) rules. However, many states have not done that. It has urged that state authorities be asked to notify the AFS rules on the lines of central rules. FPCE has suggested that RERA authorities carry out an in-house review of sample agreements of all projects and upload the same on their web portal for prospective customers.

The body has highlighted that Maharashtra RERA has set up conciliation committees to adjudicate disputes between homebuyers and builders.

However, it has termed such constitution of panels “illegal” and asked that the RERA authority in Maharashtra be asked to immediately wind up the said panel. Besides, it said, other states should be asked not to mimic this and resort to illegality.

SOURCE

Tags: Complaint Under RERA 

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