Sorry, I cannot sell my house to YOU !
Govt insists that I sell it only to a Govt Registered “ Real Estate Agent / Broker “ . Then you buy it from that Agent
Going through following news report, I get the impression that this could be the “ Shape of Things to Come “
Context :
· Govt to soon issue new rules for used car biz / 16 Sep 2022
Used car dealers must secure an authorization certificate from the respective state transport authority and transfer vehicle ownership to their names to conduct their business under draft rules notified by the Union road ministry on Thursday.
The ministry said the amendments to the Central Motor Vehicle Rules, 1989, aim to boost transparency and build a comprehensive regulatory ecosystem for the pre-owned car market
Under the new rules,
# the vehicle sale will be executed through a dealer, and
# there will be no link between the original owner and the new buyer.
The dealer will be responsible for updating the new owner’s details in the state transport office.
The draft rules outline the procedure for transferring the vehicle :
# from a registered owner
# to the dealer
- and clarify the powers and responsibilities of the dealer.
· The new rules will empower dealers to, apply for renewal of ,
# Registration certificates,
# Fitness certificates,
# Duplicate registration certificates, and
# No-objection certificates for transfer of ownership.
Dealers will also have to maintain,
# an electronic vehicle trip register with details of the trips undertaken, purpose, driver, time and mileage.
“The used car market in India has grown significantly over the past few years with the advent of players like us,” said Kunal Mundra, chief executive officer, India, of Cars24, a pre-owned vehicles marketplace.
These rules are expected to :
# aid in recognizing and empowering intermediaries / dealers of registered vehicles as well as
# provide adequate safeguards against fraudulent activities to the selling or purchasing of such vehicles,
- a road ministry statement said.
Dear Shri Gadkariji,
This news – as reported – are “ unbelievable “
May be this news-report is “ incomplete / inaccurate “ and falls in the category of “ half truth “
Whatever .
But , unless you come out with some “ clarification “ soon, this report is bound to spread “ misconception “ and “ apprehension “ , not only among those wanting to buy / sell a car, but ( by extension of same logic ), also among buyers/sellers of houses
And as far as the question of “ fraudulent activities “ ( by which , you mean , use of unaccounted CASH viz. BLACK MONEY ) is concerned, its incidence in “ buying / selling “ houses is 100 TIMES more than in resale of cars !
With regards,
Hemen Parekh
hcp@RecruitGuru.com / 21 Sept 2022
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