Tag: FPCE

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FPCE: Many States Fail to Publish Real Estate Reports

NEW DELHI: The Forum for People’s Collective Efforts (FPCE) has highlighted that several state real estate regulators are neglecting their legal requirement to regularly publish annual reports. In a statement this Friday, FPCE pointed out their non-compliance with Section 78 of the Real Estate (Regulation and Development) Act, 2016. “Despite clear legal obligations and repeated instructions from the Ministry of Housing and Urban Affairs, over 75% of State RERA Authorities across India have either never published annual reports, stopped publication, or are not current,” FPCE noted. The organization urged the ministry to direct all RERA authorities to submit annual reports…

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FPCE Calls for RERA Law Revisions to Verify Promoters’ History

NEW DELHI: The Federation of People’s Collective Efforts (FPCE) has called for amendments to the real estate law ‘RERA’ to implement a mechanism for verifying builders’ track records prior to granting project approvals. Additionally, the FPCE is advocating for new provisions to ensure compensation for homebuyers if builders fail to deliver promised facilities and amenities. The association has also requested a standardized rule regarding refunds in the event of unit cancellations by property buyers. FPCE President Abhay Upadhyay has addressed a letter to Union Minister of Housing and Urban Affairs, Manohar Lal, proposing amendments to the Real Estate (Regulation and…