High-powered panel to finalise recommendation for appointments
Srinagar: The Jammu and Kashmir government has set the ball rolling for constitution of the Real Estate Regulatory Authority (RERA) for regulation and promotion of real estate sector in the erstwhile State.
Documents in possession of Precious Kashmir reveal that government has begun the process for appointment of chairperson and members of the RERA.
To begin with, the Housing & Urban Development Department (H&UDD) has invited applications from eligible candidates for selection to the post of chairperson and members of RERA.
According to the department’s notification, the chairperson shall have adequate knowledge of and professional experience of at least twenty years in urban development, housing, real estate development, infrastructure, economics, planning, law, commerce, accountancy, industry, management, social service, public affairs or administration.
The members shall have professional experience of 15 years in these fields, reads the notification.
It further states that a person who is, or has been, in the service of the government shall not be appointed as a chairperson unless such person has held the post of additional secretary in the central government or any equivalent post in the central government or state government.
“Provided further that a person who is, or has been, in the service of the state government shall not be appointed as a member unless such person has held the post of secretary to the state government or any equivalent post in the state government or central government,” it reads.
The appointments shall be made by government on recommendations of a selection committee consisting Chief Justice of the High Court or his nominee, Secretary of Housing & Urban Development Department and Secretary, Law,
After imposition of Governor’s rule in erstwhile state of J&K, then Governor Satya Pal Malik enacted “The Jammu and Kashmir Real Estate (Regulation and Development) Act, 2018” for regulation of the sector.
The law, however, became redundant and inapplicable to Jammu & Kashmir from October 31, 2019 as central law for regulation and development of real estate sector was made applicable to J&K UT.
On July 22, 2020, the J&K government notified rules for regulation and development of real estate sector in the UT in exercise of powers conferred under section 84 of the Real(Estate Regulation and Development) Act, 2016.