Law soon to regulate real estate in Goa

It is a well-known fact in Goa that the real estate sector was the most unregulated sector but the state would soon have a law to regulate the relationships between the builders and promoters of flats, housing societies and the purchasers of flats, tenements, apartments, etc as the State Law Commission stepped in and prepared a draft bill to regulate them.

The chairman of the State Law Commission, Mr Ramakant Khalap told The Navhind Times that at the moment the situation relating to the relationship between purchasers of flats, apartments, etc was complex with no law to regulate it and the commission has proposed a law to protect the interests of all by proposing the ‘real estate (control and development) bill’. The bill is based on the model bill circulated by the Union urban development ministry.

Mr Khalap further said that at the moment the land in housing complexes etc remained a common entity and only the flats, apartments were owned by individuals and that a lot of common issues there remained to be defined properly and regulated particularly those relating to open spaces around the buildings, provision of common facilities like water and power connections, recreation facilities and so on.

The State Law Commission chairman also told that most often problems crop when regional plans and outward development plans increased FSI, following which the builders, promoters move in to stake a claim to the increased FSI. He further said that when buildings require any maintenance or repairs there was not a single entity to look after the matter and provisions have been proposed in the draft bill that would be sent to the government after the suggestions and comments were received from public.

Stating that the title of the land usually remained with the original owners of the land or the builders or the promoters he went on to add that therefore what was required was a law of the type that the commission has proposed and urged the people to offer their comments within the stipulated time of 15 days.

The draft bill is available on the Law Commission’s and the citizens and non-government organisations can send their comments within the stipulated time following which the draft bill would be sent to government for enactment of the law


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