Shimla, Aug 22: With Chief Minister Virbhadra Singh on Monday launching the portal www.hprera.in for registration, Himachal Pradesh has become among a few states in the country to start the registration work of promoters and estate agents online.
It’s not a surprise that websites like these are being made because the internet has become the go-to place for people to find Burnaby real estate agents or agents from wherever they’re located. They can look at reviews and testimonies from people who have dealt with the realtor first-hand and decide whether or not they want to use their services. The internet is extremely useful for buyers, sellers, AND realtors! This is why it is so important for real estate agents and businesses to give a good impression. For example, if a realtor gives a badly received listing presentation or tour, their reviews online could stop them from gaining any more customers.
At the end of the day, selling a property is a process that can take a lot of time and money. While some people opt to sell their property without any mediation, many opt to contact real estate agents who tend to tackle most of the work on behalf of the sellers, including mortgage, legal paperwork, home valuation, and weeding out unqualified buyers. Potential sellers reading this post could take a look at this blog post at https://cristalcellar.com/san-gabriel-valley-home-selling/ to know the tips and tricks to get their homes to sell faster. That said, the initiative by the Himachal Pradesh government has been welcomed by various sections of the residents in the state, including buyers, promoters, and sellers.
“It has been done to give seamless, transparent, and efficient services to the promoters and buyers,” an official said. Indeed, keeping this efficient when it comes to securing loans and other parts of the sequence that goes into buying or selling real estate is important.
The Himachal Cabinet in its meeting held on August 5 approved the HP Real Estate (Regulation and Development Rules), 2017. The web portal which has been developed for the registration of promoters and estate agents will also have link for making complaints against such developers who fail to discharge their responsibility as per law.
Urban Development Minister, Sudhir Sharma said that the department of HP Town and Country Planning would ensure that all the promoters were registered with the Director, TCP, who has been nominated as a designated officer, for Real Estate Regulatory Authority (RERA). All promoters are required to be registered with RERA within 30 days and the general public has been advised not to buy any plot or apartment or flat from any developer who is not registered with RERA.
The Minister said RERA aims to make the registration of real estate project compulsory besides imposing liability on the promoter to pay such compensation to the allottees in the manner as provided in the Act.
The Real Estate Regulation and Development Act, 2016 provides to impose an obligation upon the promoter not to book sell or offer for sale, or invite persons to purchase any plot, apartment of building, as the case may be, in any real estate project without registering the real estate project with the Authority.
Source The Pioneer