UT gets regular real estate regulator

Ramkrishan Upadhyay

Tribune News Service

Chandigarh, November 16

After a gap of two years, Delhi Lt Governor Anil Baijal has appointed a regular real estate regulator for Chandigarh. The decision was taken after the UT Administration urged the Union Ministry of Housing and Urban Poverty Alleviation to appoint a single Real Estate Regulatory Authority (RERA) for Chandigarh and Delhi.

Retired IAS officer Vijay S Madan has been appointed the real estate regulator for Delhi and Chandigarh.

Until now, the UT Secretary (Housing) was acting an interim regulator. Gyan Prakash Srivastava and Ramesh Chandra have been appointed members of the regulatory authority.

Madan, a former Director-General of the UIDAI, has been appointed for a period of five years.

UT proposal to Centre

The Ministry of Housing and Urban Poverty Alleviation had sent the proposal of clubbing the regulators to the Delhi Government. Chandigarh was one of the first UTs in the country to set up a temporary regulator on October 31, 2016.