RERA Act introduced to remove the problem of trust deficit between builders, homebuyers: PM
On Monday Prime Minister Narendra Modi said that there were trust issues between builders and home buyers. He further added that the Real Estate Regulatory Authority (RERA) Act was introduced to solve this problem.
Prime Minister Modi also said, “People with wrong intentions brought disrepute to the entire real estate sector, upsetting our middle class.” He said this while inaugurating the construction of the Agra Metro project via video conference meeting.
He further stated that all-round development, from modern public transport to housing, was going to make life easy in cities.
Pradhan Mantri Awas Yojana was inaugurated from Agra. PM Modi said that under this scheme over one crore of houses have been approved for the urban poor citizens.
He further said that this scheme will provide help to middle-class families of the city to buy houses for the first time. More than 12 lakh urban families have been given the help of about Rs 28,000 crore to buy houses, he said.
Under the AMRUT mission infrastructure like water and sewer are being upgraded in several cities. Besides that help is being provided to local bodies to make public toilets better in cities and to have a modern system of waste management.
He further said “Dreams of today’s new India are big (‘badhe’) and enormous (‘viraat’). But, visualizing the dreams is not enough; courage is needed to fulfill them. When you move ahead with courage and dedication, no obstacle can stop you. The youth of India and smaller cities are displaying this courage and dedication,”.
The Prime minister said, “The role played by metro cities in the 20th century is now being played by smaller cities like Agra”.
Under the Make in India mission rail coaches are being made in India, he said. India is becoming self-reliant in the metro network field and added that Agra is the seventh city of Uttar Pradesh to have the metro rail facility, he said.
“Agra has an age-old identity. Now, a new dimension of modernity is getting attached to it. The city which has treasured history of hundreds of years is all set to march in tune with the 21st century,” Modi said.
PM Modi also said, “In the past six years, the speed and scale with which work has been done on the metro network in UP and in the country, shows the identity and commitment of the government”.
He further stated “The farmers here have tremendous potential. In the matter of animal husbandry, this region is a leader in the country. There is a huge scope for the dairy and food processing industry here, and this region is also moving ahead in the service and manufacturing sector,”.
He added that the potential of western UP is increasing with modern infrastructure and modern facilities.
Between Delhi and Meerut the first Rapid Rail Transport System (RRTS) is being constructed, he said.
