As registration of real estate agents is also mandatory under Real Estate Regulation Act (Rera), majority of the Chandigarh based agents are not coming forward to register themselves.
Right now, there are around 400 property consultants operating in Chandigarh city, out of which only 10 have applied for registration. The last date for registration was July 31.
As per the RERA act, to safeguard the interest of consumers, registration of property consultants is mandatory and they cannot facilitate sale or purchase any plot, flat, apartment or building without obtaining the registration. In Haryana and Punjab, registration for real estate agents is mandatory already.
There have been many cases in the past of residents being taken on ride by the property agents. Under the RERA, the property agents are accountable for their business activities and practices and are liable for punishment if they do not comply with the norms of the act.
Many property consultants have not come forward despite the Chandigarh Housing Board (CHB) launched a website for registration under RERA. For the benefit of the residents, the CHB recently launched a new website — rera.chbonline.in — for registration of real estate projects and agents in Chandigarh.
Chandigarh Property Consultants Association advisor Kamaljit Singh Panchi said property consultants have a few queries and will get themselves registered after clarifying them from the administration. While supporting RERA, Panchi said they are in favour of registration of property dealers as it will help in eradicating agents who indulge in malpractices.
Regulatory body yet to be functional
With Lt. Governor of Delhi approving Real Estate Regulatory Authority and Real Estate Appellate Authority for Delhi and Chandigarh, city residents will be able to lodge complaints soon against the realtors. On request of the UT administration, ministry of urban development had clubbed real estate authority of Chandigarh along with Delhi with the mandate of protecting the transparency and the consumer interest in the sale of flats, plots and buildings. Delhi government has sent a request to Delhi high court for appointing the members.
At present, residents of the city are not clear about how the authority will function for resolving their grievances. Last year, the administration made UT housing secretary temporary head of the Real Estate Regulatory Authority.