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…