The Haryana Rera is working on a mechanism to bring in developers and industry bodies to complete realty projects that have been pending for years, said the regulator’s Gurugram bench chairman KK Khandelwal at a meeting held on Monday. Once the plan is ready, it will be sent to the state government for its approval.
Earlier at Monday’s meeting, president of National Real Estate Development Council (Naredco) Praveen Jain said a number of developers had shown their interest in taking over the realty projects that had been pending as their original developers had gone bankrupt or not in a position to complete them owing to multiple reasons.
“In cases where the net worth is positive, many developers are interested to take over and finish the project. We have even approached the state government with such proposals but there was no policy or guideline available for the same,” said Jain.
The role of Rera, Khandelwal said, was that of a facilitator, and completion and handover of projects was its top priority. According to him, whenever the Rera bench receives a complaint, it first tries to settle it outside the authority between the buyer and the builder.
“We have resolved 15 cases till now in out-of-the-authority settlements,” he said. Till now, 4,000 projects and more than 600 real estate agents have been registered in Haryana under Rera.
A group of homebuyers who were also present at the event voiced their concerns, questioning as to why the authority was taking months for the resolution of complaints when the Act requires the complaint to be addressed in two months.
“Even though the Act mentions that buyers’ complaints should be resolved within two months, many of them have been pending for months. We need to know as to why is it taking so long to resolve the complaints by the Rera bench,” said Naveen Arora, general secretary, Universal Aura Welfare Association.
To this, Khandelwal said when the bench started its operations with 800 complaints, there was a backlog and there weren’t enough resources. However, processes would be streamlined and complaints would be resolved as soon as possible, he said.
All realty projects, he reiterated, come under the ambit of Rera even though only those under construction are required to register with the authority. Buyers can approach the bench with their complaints against builders in any realty project, he added.