The state government has been in violation of the Real Estate Regulatory Authority (RERA) for the past five years by failing to appoint a regulatory authority and an appellate tribunal, putting buyers and sellers at risk while the centre passed the Real Estate (Regulation and Development) Act, 2016 to regulate and promote the real estate industry.
For the purpose of defending consumer interests and ensuring that real estate projects were sold in an ethical and transparent manner, the RERA was established. Within a year of the Act's implementation, the state government is required to create an RERA with a chairperson and at least two members, in accordance with Section 20 (1) of the Act.
In addition, the state government should appoint a secretary-level officer as a temporary solution until the authority is established. In accordance with Telangana Government Order No. 6, dated January 11, 2018, the Special Chief Secretary for Revenue was designated as the regulatory authority.
For about three years, Chief Secretary Somesh Kumar has served as a regulatory authority as a governing body. Additionally, in accordance with Section 43 (1) of the Real Estate Act, the state government must set up an appellate tribunal within a year.
M. Padmanabha Reddy, a city-based activist, claimed that appointments had not been made for the previous five years. "We have voiced our concerns to the government on numerous occasions, but nothing has been done. We presented the High Court with a petition. It's unclear when the problem will be resolved because the government hasn't filed a counter in the last 10 months. He emphasised that the Chief Secretary was also in charge of at least six significant departments, including RERA.
Due to unusually long processing times for RERA applications, the activist claimed that there have been claims that middlemen are acting as agents to obtain permission. She also claimed that widespread corruption exists in the handling of pending applications.
In order to protect consumer interests and swiftly settle disputes, he emphasised that the lack of a regulatory body was undermining the Act's intent. He made an appeal to Chief Minister K. Chandrashekar Rao to take action and establish the RERA and appellate tribunal.
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