Chief Minister inaugurated the newly constructed building of Real Estate Appellate Tribunal                                                                                                                                                              Â
Chief Minister Shri Bhupesh Baghel today inaugurated the newly constructed building of the Real Estate Appellate Tribunal at Moulshree Vihar Colony in the capital Raipur through video conferencing from his residence office here. At the venue, the President of the Real Estate Appellate Tribunal, Justice Sharad Kumar Gupta cut the ribbon of the newly constructed building.
     Chief Minister Shri Baghel said on the occasion that RERA and Real Estate Appellate Tribunal forums have been set up under the Real Estate (Regulation and Development) Act, 2016 to resolve disputes related to the real estate sector. The parties aggrieved by the decision of RERA or other Educating Authority may appeal to the Real Estate Appellate Tribunal. The Real Estate Appellate Tribunal will prove to be an important forum in protecting the interests of consumers and colonizers.
        The Chief Minister said that in the real estate business, there is a common consumer on one side and builders and colonizers on the other. Both have their own interests. It is the responsibility of the government to protect the interests of both. The more transparency there is in the real estate business, and the less disputes there are, the faster this sector will grow. The Real Estate (Regulation and Development) Act 2016 was passed by the Parliament to prevent arbitrariness of promoters in the real estate sector. There are two forums for the resolution of disputes under this Act. The first forum is RERA, and the second forum is the Appellate Tribunal. A person aggrieved by the order of RERA or the Adjudicating Authority can file an appeal through the Appellate Tribunal. In Chhattisgarh today, the office building of the Appellate Tribunal has been inaugurated while increasing the facilities of the parties.
The Chief Minister said that during the last three and a half years, despite all kinds of challenges, there was good growth in every sector of Chhattisgarh, including the real estate sector. He said that the real estate sector is linked to the dreams of the people. A beautiful house is every person’s dream. Continuous efforts are being made at the government level to fulfill the housing needs of the people through various schemes. The real estate sector is being encouraged by giving concessions and facilities.
         Justice Sharad Kumar Gupta, Chairman, Real Estate Appellate Tribunal, said on the occasion that the Appellate Tribunal has been established to protect the buyers of buildings, land, shops from exploitation and protect their interests by investing their capital in the real estate sector. . He said that the importance of the Real Estate Tribunal can be understood from the fact that its chairman can only be a retired judge of the High Court. This tribunal is an important forum to inquire into the legality of the order of RERA or Adjudicating Authority. Â
           On this occasion, Food and Culture Minister Shri Amarjit Bhagat, Parliamentary Secretary Shri U.D. Minj, Chairman of Chhattisgarh Hand Crafts Development Board Mr. Chandan Kashyap, MLAs Dr. Vinay Jaiswal, Mr. Devendra Yadav, Mr. Prakash Nayak, Mr. Mohit Kerketta, Mrs. Anita Yogendra Sharma, and President of Real Estate Appellate Tribunal Justice Mr. Sharad Kumar at the venue. Gupta, Chairman of Chhattisgarh Public Commission, Justice Shri T.P. Sharma, Chairman of Chhattisgarh Commercial Tax Tribunal, Justice Shri R.P. Sharma, Member State Human Rights Commission Shri N.C. Sankhla, Advocate General Mr. Satishchandra Verma, Registrar of State Consumer Redressal Commission Ms. Uday Lakshmi Parmar, Principal Secretary, Law and Legislative Affairs Department Mr. R. Of. Tiwari and Secretary to Chief Minister Dr.S Bharathidasan were also present.
