mangaluru though the state government is yet to notify the rules of the muchawaited karnataka real estate regulation and development act 2017 to bring the unregulated real estate sector under its domain mangaluru chapter of confederation of real estate and developers association of india credai is all in support for rera saying it is a winwin situation for both builders as well as consumersmangaluru credai president db mehta says the act will make players in realty sector organized or shut shop we all want to be organized a negative system brings in negative impact when organized players have to compete with unorganized sector the best practices get destroyed he notes adding that business will consolidate with the organized players and the flybynight operators will disappear which will benefit the consumerstoday anybody can be a builder be it a mason a land owner or who has deep pockets so everybody without knowing the trade becomes a builder this has led to lot of problems he notesregarding financial restrictions in rera mehta says basically no restriction has been brought in as for as finances are concerned what rera says is that you builder cannot collect more than 10 of the project as advance earlier a builder used to collect 30 to 40 as advance and divert that money to buy land from whatever amount you collect 70 has to be kept in an earmarked current account and it can be withdrawn based on engineers or cas certificates as project cost says mehtaon harsh penal provisions mehta admitted that it is a matter of concern the only cause for worry for builders is delay in execution of the project which is beyond builders control rera clause includes only natural disasters and act of god applicable for the delay but we have a different set of problems which need to be addressed like on and off problem of sand here environmentalists say we can use msand but where is it available the district always relied on natural sand the cost impact has also to be understood msand is 200 expensive than natural sand he saysmehta also says that the government departments have not been made responsible or accountable for delays you cannot penalize a business person for delay caused by government departments we have brought this aspect to the notice of the centre and they have assured that they will set a time frame for clearances to be given he said