The Punjab government has accepted the resignation of Chairperson of Real Estate Regulatory Authority (RERA), Punjab Satya Gopal (Retd.IAS:1988:AGMUT). After retiring in July 2022, he assumed the role of RERA chief in December for a tenure of five years or until reaching the age of sixty-five in July 2027.
While the official reason for Satya Gopal’s resignation has not been disclosed, reports suggest that he had been on leave for an extended period. The delay in obtaining RERA licenses for numerous housing projects has been a matter of concern, prompting builders and developers to escalate the issue to the highest political and bureaucratic levels in the state. This delay has resulted in non-payment of dues, such as external development charges, by realtors to the government’s housing department.
Additionally, Satya Gopal is reportedly under scrutiny for allegedly providing financial benefits to two electricity distribution companies in Delhi in 2021.
