New Delhi: National Real Estate Development Council (NAREDCO) on Tuesday annnounced the launch of an e-commerce housing portal, 'HousingForAll.Com'.
The Portal was launched by Durga Shanker Mishra, Housing and Urban Affairs Secretary. The portal 'HousingForAll.com' should be credible and transparent, he said, adding that there should also be a redressal system for consumers' grievances.
A similar portal would be launched by realtors' body Credai, he added.
The portal will be open for home buyers with a 45-day sale period starting February 14, a NAREDCO statement said.
"The e-commerce housing portal to start with will host a 45-day 'All-India Online Home-Buying Festival' for ready-to-move-in homes, with over 1,000 projects expected to be listed," it said.
After the launch, the portal will be open for one month January 14-February 13 for developers to register their projects.
During the first 15 days of the 45-day sale period, the portal will be opened for buyers and they would be able to view offers and shortlist properties. They will be able to purchase the shortlisted properties in March.
Only the properties with occupancy certificate (OC) will be available on the site.
The buyers will be able to view information such as floor plans, room dimensions, video tours of units and external views looking out from windows and balconies.
Also, they will be able to directly book or reserve a unit from the portal with a refundable payment of only Rs 25,000. They will also get 'money-back guarantee', where their initial buyer deposit made on the portal is secured and is fully refundable in case the buyer chooses not to purchase the unit.
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Customers will be notified if any units they have shortlisted are already sold, the NAREDCO statement added.
CREDAI-MCHI, CII, FICCI, ASSOCHAM, Builders Association of India (BAI), and Indian Merchant Chambers (IMC) are also partners in this initiative.
Speaking on the occasion Durga Shanker Mishra said that the ministry is committed to provide housing to everyone by 2022. This initiative was discussed during rera event in Lucknow and it is matter of great satisfaction that the portal is finally launched.
Speaking at the event, RERA Haryana Chairman K K Khandelwal said there are total of 13 lakh unsold housing units across the country and 4 lakh such units in major seven-eight cities. This portal would contribute to the growth of the sector, he added.
RERA Uttar Pradesh Chairman Rajive Kumar described it as a good initiative and said all projects listed on the portal should be registered under the RERA.
NAREDCO Chairman Rajeev Talwar demanded that the government should allow one-time restructuring of debt taken by real estate developers. He also pitched that subvention scheme should be permitted again.
Rajan Bandelkar, who is President of Naredco Maharashtra, said subvention scheme benefits customers. Under this scheme, which was banned by the NHB last year, developers used to pay interest on home loan on behalf of the customers for a certain period, usually till possession.
