This last week has been really exciting for the real estate industry in the capital, Delhi. Delhi LG Anil Baijal went ahead and has appointed Mr. Vijay S Madan, an ex-civil officer, a full-time regulator under RERA in Delhi. This is certainly a welcome move as it will protect the interests of the residents and home-buyers in New Delhi.
The confirmation of the appointment arrived during a RERA workshop which was organized by the Ministry of Housing and Urban Affairs in Delhi. A statement made by the Lieutenant Governor, Delhi, broke the news of the appointment. Along with Mr. Madan, Mr. Ramesh Chandra and Mr. Gyan Prakash Srivastava are the two other members of DRERA. The Lieutenant Governor also stated that the appointment is “a highly positive step” for the real estate sector as well as home-buyers in Delhi.