{"id":54902,"date":"2019-09-03T12:19:26","date_gmt":"2019-09-03T07:19:26","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54902"},"modified":"2020-10-21T13:14:56","modified_gmt":"2020-10-21T08:14:56","slug":"govt-establish-rera-settling-property-disputes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-establish-rera-settling-property-disputes.html","title":{"rendered":"Govt to establish RERA for settling property disputes"},"content":{"rendered":"<p>Islamabad: The federal government has decided to set up a Real Estate Regulatory Authority (RERA) to manage the affairs of the real estate sector, a news source reported. As per officials, RERA will include an appellate tribunal for settling property disputes, and will be headed by a government-appointed chairperson.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/ise-reit-chairman-demands-a-separate-regulatory-authority-for-real-estate.html\" target=\"_blank\" rel=\"noopener noreferrer\">ISE REIT Chairman demands a separate regulatory authority for real estate<\/a><\/p>\n<p>According to details, for selling plots, houses, and other types of properties, the real estate agents will have to register with RERA. To facilitate the <a href=\"http:\/\/zameen.com\/news\/establishment-of-real-estate-regulatory-authority-proposed.html\" target=\"_blank\" rel=\"noopener noreferrer\">authority\u2019s establishment<\/a>, the executive recently approved the Real Estate Regulation &amp; Development Bill 2019; which it seeks to implement via a presidential ordinance.<\/p>\n<p>The government plans to use the bill as a tool for the management and promotion of the real estate sector in the country. The bill will make it compulsory for developers to have RERA\u2019s approval before initiating work on any real estate project. Without the approval, no developer or marketer will be allowed to sell property or publish an advertisement pertaining to the project.<\/p>\n<p>When seeking RERA\u2019s approval, the developers will submit details of their past projects, along with the full plan for the prospective project to the regulatory body.<\/p>\n<p>As per reports, RERA will be authorised to:<\/p>\n<ul>\n<li>Revoke the license of a developer\/promoter in case of violations<\/li>\n<li>Protect the rights of the real estate agents and property allottees<\/li>\n<li>Promote investments in the property sector<\/li>\n<li>Act as a consultant on government-sponsored development schemes<\/li>\n<\/ul>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/blog\/real-estate-regulatory-authority-the-next-step-in-pakistans-real-estate-evolution.html\" target=\"_blank\" rel=\"noopener noreferrer\">Real Estate Regulatory Authority &#8211; The next step in Pakistan\u2019s real estate evolution<\/a><\/p>\n<p>Moreover, the government will also establish a central advisory council for property sector\u2019s development and protection of consumer rights. The council will consist of representatives from the ministries of interior and finance, the Naya Pakistan Housing Authority (NPHA), the National Housing Authority (NHA). It will also include an additional secretary-level officer from the Ministry of Law &amp; Justice as its member.<\/p>\n<p>Following the authority\u2019s establishment, the civil courts will not handle the real estate matters falling under the scope of RERA or the appellate tribunal.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has decided to set up a Real Estate Regulatory Authority (RERA) to manage the affairs of the real estate sector, a news source reported. As per officials, RERA will include an appellate tribunal for settling property disputes, and will be headed by a government-appointed chairperson. Read:\u00a0ISE REIT Chairman demands a separate regulatory authority for real estate According to details, for selling plots, houses, and other types of properties, the real estate agents will have to register with RERA. To facilitate the authority\u2019s establishment, the executive recently approved the Real Estate Regulation &amp; Development Bill 2019; which it seeks to implement via a presidential ordinance. The government plans to use the bill as a tool for the management and promotion of the real estate sector in the country. The bill will make it compulsory for developers to have RERA\u2019s approval before initiating work on any real estate project. Without the approval, no developer or marketer will be allowed to sell property or publish an advertisement pertaining to the project. When seeking RERA\u2019s approval, the developers will submit details of their past projects, along with the full plan for the prospective project to the regulatory body. As per&hellip;<\/p>\n","protected":false},"author":68,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[12835],"persona":[],"class_list":{"0":"post-54902","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-details-on-govt-to-establish-rera-for-settling-property-disputes","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to establish RERA for settling property disputes - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has decided to set up a Real Estate Regulatory Authority (RERA) to manage the affairs of the real estate sector, a news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-establish-rera-settling-property-disputes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to establish RERA for settling property disputes - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has decided to set up a Real Estate Regulatory Authority (RERA) to manage the affairs of the real estate sector, a news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-establish-rera-settling-property-disputes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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