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Realtors asked to register with RERA by Nov 30

Hyderabad: Telangana State Real Estate Regulatory Authority (TS-RERA) Chairam Rajeshwar Tiwari has asked all the builders and developers to register themselves with the authority before November 30.

“As per Real Estate (Regulation and Development) Act, 2016 and Telangana Real Estate (Regulation and Development) Rules, 2017 notified by Government of Telangana, all the Real Estate projects approved on or after 01.01.2017 plots having above 500 Sq. Mts area or more than 8 units have to be registered with the TS-RERA.

Rajeshwar Tiwari said as per the said Act, No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act.

Therefore, all the Builders / Developers who have taken permission for Real Estate Projects in between 01.01.2017 to 31.08.2018 for the above mentioned are requested to get their projects registered with TS RERA before November 30 through online in TS RERA website to avoid penalties from 01.12.2018.

Further to avoid congestion, start filling the information and upload the documents immediately and pay the fee accordingly, he said.

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