CM Yogi launches UP-RERA website for speedy solving real estate issues
Source :News Bharati English   Date :27-Jul-2017

Lucknow, July 27: Uttar Pradesh Chief Minister Yogi Adityanath launched the fully automatic website of the UP Real Estate Regulatory Authority (UP RERA) at his official residence yesterday. Speaking on the occasion he said that the state government was committed to protecting the interest of home buyers and to expeditiously solve the problems faced by them. This website, he added, would be instrumental in this direction.

The Chief Minister further said that a trust deficit had development in the past few years between builders and the consumers due to delays and incompletion of many projects and it was for this reason that the Narendra Modi-led government at the centre had come up with RERA, which would remove the problems of the real estate sector.

Yogi stressed on the need of trust between builders and home buyers and said that the state government will try and get the feeling of gloom on the housing sector melt away.

Embeded ObjectHe also said that builders should utilize the whole funds they get from buyers for use and completion of the project so that timely hand over could be ensured. This will give rise to trust worthiness in the real estate sector and while the interests of the consumers this will be protected, the problems faced by the builders would also be looked into and sorted out.

Yogi further informed how under the Prime Minister's Housing Scheme (Rural), houses are being provided to beneficiaries and that construction work is underway in rural areas.

The Prime Minister, he added, had committed that by the year 2022 everyone will have a roof over their head and to meet this target the state government was working for construction of as many houses of the 24 lakh targeted.

Yogi also pointed out that many people in urban areas also did not have houses and the state government under the PM Housing Scheme (Urban) has kept for itself a target of 2 lakh houses this year.

Embeded ObjectUnder the scheme, the state government was contributing Rs. One lakh subsidy while the central government was granting Rs. 1.5 lakh as subsidy per house. The model houses made by the urban development department are costing Rs 3.34 lakh per unit, he added and said that a beneficiary will have to arrange for Rs 1 lakh remaining which is easily available as loans in banks. He also urged the real estate sector to take interest on this front so that the target can be met easily.

Yogi also expressed his desire that developers will properly utilize the funds they get from house buyers and hand them over the houses within assured timelines. He also advised the consumers to give the builders their funds in time so that projects are completed in time and the trust deficit is bridged.