WBHIRA Act : An Introduction
The Government of West Bengal vide Notification number 1189-L dated 17th October 2017, published in the Kolkata Gazette, Extraordinary, Part-III, dated 17/10/2017, presented the WEST BENGAL HOUSING INDUSTRY REGULATION ACT,2017, passed by the West Bengal Legislature and duly received the assent of the Governor of Government of West Bengal.The Government of West Bengal for establishing the Housing Industry Regulatory Authority to regulate and promotion of the Housing sector and to ensure that the sale of plot, apartment or building, as the case may be, or sale of real-estate projects, in an efficient and transparent manner and to protect the interest of the consumers in the real estate sector and to establish a mechanism for speedy dispute redressal. It is a process for formation of a formal guideline to channelize and protect the interest of the consumers Promoters and the Real estate Agents.By this Act the West Bengal Building (Regulation of Promotion of Construction and Transfer by Promoters) Act, 1993 (West Ben.XX of 1993) is repealed by the enforcement of this Act.
However, it is very interesting that all the previous acts were for a guideline for the Promoter and it involved the Consumers but never before any attempt was made for the regulating the activities of the Real Estate Agents which is a major step as the Real Estate market the Agents work as the bridge between the Promoter and the consumer but their act was never before officially recognized and with this act the Agents duties and activities have been categorically stated and with the registration process they have got the due professionalism required for the recognition efficiency of the Real Estate Agents.
