HRERA Member Sihag calls for body to safeguard interest of allottees.

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HRERA Panchkula Bench Member Dilbag Singh Sihag called for the need of a Federation to safeguard the interest of allottees and get their problems addressed in the High Court. “Someone has to speak for the allottees saying they have been suffering for 15 years or so, this is our agreement, this is what the authority and the tribunal have adjudicated and now how much longer they must wait to get their due”, he said. 

 

 

Sihag was referring to the practice of some builders approaching High Courts against RERA orders which are upheld by the RERA Appellate Tribunal as well. They manage to stall the implementation process of RERA orders by approaching the court.

HRERA Member’s observations came at the 10th edition of Realty Webseries hosted by ICCPL and Realty & More on July 18. The edition continued with the theme ‘Three Years of RERA’. 

Asking for more clarity in what is happening in terms of RERA orders, RERA expert Venket Rao said the disposal rate is quite high.  There is a lot of quick disposal happening, he said, adding “to that extent, RERA has taken off well and the transparency level is also going up”.

 

Alok Singh, Founder, Federation of AoA, Ghaziabad, said RERA should be made more powerful and a property should be able to move to NCLT only after its approval. Otherwise, he said, “thousands of judgements are useless today.”  

 

Ananta Raghuvanshi, Senior ED, Sales & Marketing, Experion, said RERA as such is a wonderful thing which has happened, there is no doubt about it . “There is a certain responsibility on all stakeholders and tremendous amount of respect for that document”, she countered.  

Khair Ull Nissa Shah, ED, WTC, lamented that most of the time it is assumed that developers are on the wrong side and if there are a number of people who are on the other side they would be right. “That is where RERA needs to keep a check”, she said.