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CCPA to work with Rera at state level to aid homebuyers
Mint Chennai
|January 13, 2025
does intervene on behalf of homebuyers but hasn't been able to rein in errant developers for two main reasons: it doesn't have the authority to enforce its orders, and developers can challenge its decisions at a higher court, leading to more delays.
Manoj Gaur, chairman and managing director of real estate firm Gaursons India Pvt. Ltd, isn't in favour of CCPA intervening in the real estate sector.
"Rera is effectively addressing the concerns within the real estate market, making additional oversight unnecessary," said Gaur, who is also the chairman of the Confederation of Real Estate Developers' Associations of India (Credai).
The second official mentioned above, however, said CCPA had "no intention of overpowering the authority of any existing regulatory body".
Esta historia es de la edición January 13, 2025 de Mint Chennai.
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