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Supreme Court strikes down West Bengal law on regulating real estate
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Supreme Court strikes down West Bengal law on regulating real estate
PTI / May 4, 2021, 12:07 IST
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NEW DELHI: The Supreme Court on Tuesday struck down West Bengal s law on regulating the real estate sector in the state, and said it was “unconstitutional” as the statute encroached upon the Centre s Real Estate (Regulation and Development) Act,.
A bench of justices D Y Chandrachud and M R Shah said the West Bengal Housing Industry Regulation Act (HIRA), 2017 is more or less identical to the Centre s RERA and hence repugnant to Parliament s law.
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New Delhi, May 4
The Supreme Court on Tuesday struck down West Bengal s law on regulating the real estate sector in the state, saying it is “unconstitutional” as the statute encroached upon the Centre s Real Estate (Regulation and Development) Act.
A bench of Justices DY Chandrachud and MR Shah said the West Bengal Housing Industry Regulation Act (HIRA), 2017, is more or less identical to the Centre s RERA and hence repugnant to Parliament s law.
“The state law has encroached upon domain of Parliament,” the verdict said.
It, however, said that homebuyers, who purchased properties under the state law before Tuesday’s verdict, would not have to worry as their registration and other acts would remain valid.
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