Himachal became the third state after Maharashtra and Punjab to introduce repressive dictate against Real Estate Developers. Town and Country Planning Minister Mohinder Singh asked the assembly Aug 29 to repeal the Himachal Pradesh Apartment and Property Regulation Act of 2005 which allowed builders to construct and sell flats in various categories.
Declaring that a new comprehensive legislation would be introduced for urban development and regional planning he said, “"Until such time that the new law is enacted, no registrations, essentiality certificates and licenses are to be issued (to the realtors) or renewed under the act with immediate effect".
Even the transfer of flats constructed by state-run Himachal Pradesh Urban Development Authority (HIMUDA) has been halted.
"Those who got their properties registered on or before Aug 29 are valid," the minister added.
Declaring that a new comprehensive legislation would be introduced for urban development and regional planning he said, “"Until such time that the new law is enacted, no registrations, essentiality certificates and licenses are to be issued (to the realtors) or renewed under the act with immediate effect".
Even the transfer of flats constructed by state-run Himachal Pradesh Urban Development Authority (HIMUDA) has been halted.
"Those who got their properties registered on or before Aug 29 are valid," the minister added.
The future of more than 1,000 apartments and cottages, which are near completion, are awaiting transfer in the name of buyers is made uncertain by this dictate.
A builder reacted saying, “What is our fault? We got the permission from the government to constructs cottages. Now when the construction is almost complete, the government has imposed a ban on property transaction. It's totally unjust,"
The decision has been taken on the recommendations of the commission headed by Justice D.P. Sood, a former judge of the Himachal Pradesh High Court.
"Builders are creating concrete jungles and spoiling the natural forested environment of the state. The demand of Himachalis (to own a flat) can be easily met by HIMUDA; hence no private player should be allowed," Sood said in his 147-page report.
The developers like DLF, Janta Land Promoter Ltd, Omax Construction Pvt Ltd, Optima Construction Pvt Ltd, Amar Nath Aggarwal Builders Pvt Ltd and Surya Builders are to be affected the most. Source: IANS through News track India.
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