A conference aimed at consolidating the various comments from different stakeholders to make a comprehensive submission to the Housing Department, Mantralaya, Mumbai on its Draft Rules released in furtherance to the Real Estate (Regulation and Development) Act, 2016.
THE Law Point hosted an exclusive consultative conference on Wednesday at the Walchand Hall, Indian Merchant Chambers at Churchgate, Mumbai from 3
PM to 6 PM.
The conference was necessitated by the promulgation of the Real Estate (Regulation and Development) Act, 2016 (RERA) by the central government and thereafter the release of the draft rules by the state government on the 9th of December, 2016. The Maharashtra government has kept the 23rd of December 2016 as the last date for submissions of comments and observations by the public and thus a short period of 14 days has been provided for the various stakeholders to review and make substantive comments on the draft rules.
The Law Point has been interacting with numerous stakeholders during this period and took the lead in convening this consultative conference to consolidate comments and observations on the rules to ensure that the representation that ensues, fairly represents the sentiment of a larger panel of experts.
Today’s Consultative Conference was presided over by Former Chief Justice Mr. Mohit Shah and addressed by senior advocates Shekhar Naphade and Pradeep Sancheti along with developers, agents, consumer forums as well as senior experts who have been integral to the drafting of the rules in question. Sanjay Kumar (additional chief secretary, Housing Department, Government of Maharashtra) in the inaugural session stated the government should be able to notify the final rules and come out with a formation of a regulatory body in another two to three months. He commended TLP for the initiative and stated that such consultative discussions help the government immensely in understanding of the views and expectations of the various stakeholders in the industry.
Naphade and Sancheti, advocates, analysed the act and the rules threadbare and pointed out areas of conflict with existing legislation and other inadequacies based on the experience of other regulatory laws.
(Press release issued by Dr. Poornima Advani, Former Chairperson for National Commission for Women Partner, The Law Point for consultative conference on December 21, 2016)