A pan-India home buyers’ pressure group, ‘Fight for RERA’, has urged the government to declare March 10 as ‘Homebuyers Day’ to highlight the empowerment of homebuyers, who have being suffering in the hands of developers.
Fight For RERA has played an active role in aggressively lobbying for the passage of the real estate regulatory Act. One of the man reasons that Home Buyers group are fighting is because of elimination of some key transparency features in the Maharashtra RERA draft.
On implementation of RERA, it will change the ways in which residential housing projects are planned, offered, sold and possessed across India. Property buyers will no longer need to worry about unfair contracts, delayed possessions, non-notified alterations in building plans and other risks.
In a letter to Union minister for housing M Venkaiah Naidu on February 27, the home buyers’ group has also requested the minister to announce awards to be presented on ‘Homebuyers Day’ every year by the ministry for home buyers or homebuyers group which have taken forward the agenda of fulfilling home buyers aspirations.
The Real Estate (Regulation and Development) Bill was passed last year on March 10 after a long wait of 8 years.