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Amended hsg bill empowers buyers

DNMUM249964 | 7/16/2012 | Author : DNA Correspondent | WC :427

To be tabled today, it provides for fine and three-year jail term to deter developers from flouting rules

It's advantage homebuyers. The state government has decided to empower them by making amendments in the toothless housing regulatory bill.
The amended bill states that the developers will not be allowed to sell 10% of the flats in each building.
"The 10% of flats will be retained by the housing regulatory body till the occupation and completion certificate is obtained by the developer. The details of the 10% flats will be displayed on the government website so no buyers will buy them," stated the amended bill.
DNA has a copy of the housing regulatory bill.
The amendments were made after suggestions by the joint committee, which was formed by the state government after DNA's reports that the earlier form of the housing bill is toothless and needed strong clauses to empower buyers.
State housing minister Sachin Ahir said the bill would be reintroduce in the ongoing state assembly monsoon session on Monday. "We are committed to pass the bill and it is likely to be passed in this session," said Ahir.
An important amendment to the bill is that developers have to show the entire layout of the flat before it is booked. "Without the buyers' consent, the developers cannot make changes to garden and recreation facility," says the bill.
Presently, developers sell flats during the pre-launch even if the plan has not been approved by the appellate authority. "Now, they have to first submit a plan to the housing body and the corporation to obtain the commencement certificate in 72 hours. After that, the plan will be displayed on the government's website. Only then is the developer allowed to sell the flats," said Amin Patel, MLA and member of the joint committee.
If developers abandon a project midway, the society takes over the project. Moreover, developers will be fined Rs10 lakh and three years' imprisonment.
Paras Gundecha, president of Maharashtra Chambers of Housing Industry (MCHI), welcomed the joint committee suggestions, but said they need clarity on two issues.
"A builder alone should not be held responsible for not completing the project on time. All stake holders, including government bodies, which delay the proposals and do not make remark on time should be also be held responsible," he said.
Ramesh Prabhu, chairman of the Maharashtra Societies Welfare Association, said the bill is not only important for buyers, but developers too. "As per the new bill, developers have the right to cut off water supply if a resident fails to pay for more than three months. But he should not misuse this provision to harass buyers," he said.

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