Five years after RERA, TS failed to appoint appellate tribunal
Deccan ChronicleHYDERABAD: While the Centre passed the Real Estate Act, 2016 to regulate and promote the real estate industry the state government has failed to appoint a regulatory authority and an appellate tribunal since five years, in violation of the Real Estate Regulatory Authority and putting buyers and sellers at risk. According to Section 20 of the Act, the state government must establish a RERA with a chairperson and at least two members within a year of the Act coming into force. Additionally, the state government must establish an appellate tribunal within a year in compliance with Section 43 of the Real Estate Act. He emphasised that the Act's intent was being defeated by the absence of a regulatory authority and appealed to Chief Minister K. Chandrashekar Rao to take action to create the RERA and appellate tribunal to safeguard consumer interests and to expeditiously resolve disputes.