But it can't regulate fraudulent builders like Ubber in Kharar, Dear Bassi and its representatives who are openly cheating the customers. Facebook is full of cheating complaints. But how does it matter to concerned authorities? Builders are smart enough to grease the palms of those who matter and as such are fully protected.
RERA is a central law, its implementation depends on state governments, as real estate is a state subject. And this aspect makes its implementation more difficult in Chandigarh and surrounding areas where a hordes of incredulous builders have mushroomed, especially in Kharar, Mullanpur And Zirakpur area. Since, all these areas have seen massive construction, the Act was required to be in place at the earliest. Still, regulatory bodies or appellate tribunals to solve the disputes between buyer and builder haven't come up. Under the act, disputes have to se settled within 120 days. The act also requires builders to deposit put 70% of the money collected from a buyer in a separate account to meet the construction cost of the project
.The buyer is required to pay only for the carpet area (area within walls). The builder can’t charge for the super built-up area, as is the practice at present. Developers will be able to sell projects only after the necessary clearances. Under RERA, builders and agents will have to register themselves with the regulator and get all projects with more than eight apartments registered before launch. There are many more stringent provisions.
But all these provisions of the RERA are on paper only. In practice, builders are cheating home and plot buyers openly and are least afraid of the act. Here is a case of Palm Meadows, in Kharar, a less than 10 acre housing project being developed by Ubber group. The customers are being fleeced by the builder promising finishing construction within nine months but delaying under one pretext the other. Worse, all those who matter are 'hand in glove' to cheat the buyers. In many cases, the builder has taken money from buyers for construction without approving the project and now refusing to retirn the money. Will the authority act?