SME Times News Bureau | 18 Jan, 2017
Union Housing and Urban Poverty Alleviation Minister Venkaiah Naidu on
Tuesday urged the states and union territories to and implement the Real
Estate (Regulation & Development) Act from May this year, as
proposed in the legislation, an official statement said.
He made
the request at a meeting of Chief Secretaries and senior officials of
states and UTs convened by his ministry to discuss implementation of the
Real Estate Act.
"Real Estate Act is one of the most consumer
friendly laws passed by the Parliament and states have no power to
dilute its provisions. There is lot of hope and expectation from this
Act by all the stakeholders," said Naidu, as per the statement.
"There
are some media reports that some states have diluted some provisions of
the Act in the Rules notified by them. States do not have such powers
and I hope such reports are not true," he said, adding that any
compromise with the spirit of the Act would have "serious implications
including a public outcry".
