After implementation of RERA: Only 5 Completion reports issued in 18 Months

G Jagadeesha, commissioner, Mysuru City Corporation on Tuesday said, only five Completion Report’s (CR) issued of the Real Estate Regulation and Development Act in the last 18 months by MCC. He also is pointing at the violations by builders and individuals. “Builders and Individuals need to comply with the RERA Act because the sanctioned plans submitted to the Mysuru City Corporation was different from the built plan submitted to obtain CRs.” CR is issued within a week’s time, if the building is built without any violation, G Jagadeesha said.

Satya Naaarayan, Assistant engineer of RERA Karnataka, said, “According to the RERA Act, any project which is executed on an area of over 500 sq mt (5281 sq ft) and has over 8 unit on the site, be it a commercial building, apartment complex, or resident complex, they will have to adhere to the act.” The real estate sector will be streamlined through the act.

He also stating that, “RERA will usher in transparency and ensure the consumer is safeguarded. It is beneficial for the builders as well. However, those builders who used to collect advances and fail to deliver will be the ones who will bear the brunt of the act.”

Palakshappa, Consumer Adjudication officer of RERA Karnataka, said, “If any issues faced on the website by the buyers who buy properties from RERA registered builders or through RERA registered property agents can report about this. According to Act RERA authority are bound to resolve the issue within 60 days in 03 sittings.” Added to this he said, “If a property is bought by an individual through an agent or builder who is not registered under RERA, then we can’t do much.”

Palakshappa said, 35 complaints have been resolved so far, and “Up until this month, we have resolved 35 complaints and are set to resolve another 20 in the coming days.”

Cooperative society members and builders who were part of the meet voiced their concerns over the snail’s pace at which files move at the MCC, DC office, and MUDA.

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