The government has reconstituted a three-member Real Estate Regulatory Authority (RERA) with retired IAS officer S Kumarswamy as its chairman. Former IAS officer J B Singh and retired district judge P V Kamat are members.
Under the Real Estate Act, all commercial and residential projects covering over 500 sq m of land, or eight units, must register with RERA before construction is initiated.
The act also mandates that builders quote prices based on carpet area not super built-up area. Carpet area has been defined in the act to include usable spaces. Under RERA, its mandatory for the builders to disclose the carpet area.
Consumers can approach RERA for redressal of their grievances.