State calls meet of stakeholders to finalise West Bengal (Regulation and Development) Rules 2016 draft

The Bengal government has called a meeting of all the stakeholders comprising senior 

officials, builders and flat owners to finalise the draft of West Bengal (Regulation and Development) 

Rules, 2016.

The meeting, which will be held on January 17 in the mini conference hall of state Housing Department housed in the New Secretariat building, has raised hope among the flat owners of ongoing projects as they felt that the builders who had not completed the project on time will be pulled up under the Act.

The Centre has framed The Real Estate (Regulation and Development) Act 2016. The Rajya Sabha and Lok Sabha had cleared the Real Estate (Regulation and Development) Bill on March 10, 2016 and March 15, 2016 respectively.

The Act came into force from May 1, 2016. The state governments are supposed to notify the rules under the Act within six months.

It may be recalled that state Housing Minister Sovan Chatterjee had assured that all stakeholders would be heard before finalising the draft rules. He said that the rules would be framed keeping in mind all the stakeholders and their interest.

The additional chief secretary, Consumer Affairs department, principal secretary Urban development and Municipal Affairs department, director general ( building) Kolkata Municipal Corporation (KMC), president, Aakash Ganga Flat Owners’ association, president CREDAI, national Convener Fight for RERA , president Realtors and Estate Consultants Association of Kolkata, president Kolkata west International City Buyers Welfare Association will be present at the meeting.

Flat buyers felt the builders who had not completed the projects on time would be pulled up under the Act.

The construction of Kolkata West International City (KWIC) started over a decade ago and no one 

knows when the project will be completed. Many flat owners have deposited more than 80 per cent of the money to the builders but there is no sign of completing the project.