Capital gets full-time real estate regulator

New Delhi, November 15

Delhi has finally got a full-time real estate regulator under the Real Estate Regulatory Act (RERA), 2016, with Lieutenant Governor Anil Baijal appointing IAS (retd) Vijay S Madan to the post.

Until now, the Delhi Development Authority (DDA) vice-chairman was the interim regulator under the RERA.

Delhi has already notified provisions of RERA which protects the interest of home-buyers.

Speaking at a workshop on RERA, organised by the Housing and Urban Affairs Ministry here, Baijal said, "I am glad to inform the ministry and the minister that yesterday we have appointed a whole-time regulator."

According to a Delhi government's notification, Madan, a former director general in the UIDAI, has been appointed as the chairperson of the Delhi Real Estate Regulatory Authority for a term of five years. Gyan Prakash Srivastava and Ramesh Chandra have been appointed as members of the regulatory authority. — TNS