Question: Which of following is the first State in the country to have formed the Real Estate Regulatory Authority?
(a) Madhya Pradesh
(b) Chhattisgarh
(c) Jharkhand
(d) Bihar
Answer- (a)
Related facts:
- On May 1st, 2017, Chairman of the Madhya Pradesh Real Estate Regulatory Authority, Antony DeSa and Principal Secretary, Urban Administration, Malay Shrivastava launched website of Real Estate Regulatory Authority (RERA).
- Thus MP became the first State in the country which formed the Real Estate Regulatory Authority and has published its rules.
- Builders, real estate agents can register applications for registration and customers can lodge their complaints online on website.
- Information related to redressal of complaints will be sent to the customers on their mobile phones through SMS gateway.
- The Act has come into force from May 1, 2017 in the entire State.
- The periphery of the Madhya Pradesh Real Estate Regulatory Authority includes projects that are proposed to be created in the future or were incomplete (whose certificates were not issued by the municipal corporation) on April 30, 2017.
- It has been made mandatory for promoters or developers to register their projects with the authority before its marketing.
- It is compulsory to present the prevalent incomplete real estate projects before three months before the Authority.
- In addition to this, promoters and developers are required to submit update information to the authority about the project every three months.
- The real estate sector will be properly organised besides making it transparent and responsible keeping in view the interest of the customers through this project.
Reference:
http://rera.mp.gov.in/events-details/?eid=K1R4dlRza09IVVZOc2ZFRFFpSFdXUT09
http://timesofindia.indiatimes.com/city/bhopal/rera-gets-going-in-madhya-pradesh-launches-its-website/articleshow/58466490.cms
http://www.dailypioneer.com/state-editions/bhopal/real-estate-act-comes-into-effect-in-mp-now.html
http://www.g7news.org/news.php?news=1114