TS RERA to extend deadline, again

January 20, 2019 11:34 pm | Updated 11:34 pm IST - HYDERABAD

The Telangana Real Estate Regulatory Authority (RERA) will soon be extending the ‘deadline’ for accepting applications filed for mandatory registration by projects, including buildings and layouts, till the month-end but with a penalty of ₹2 lakh.

This will be perhaps for the fifth time that the TS-RERA will be extending the time line after issuing several advisories ever since it came into existence on Aug.31 last year. Projects such as apartment complexes of more than eight units or layouts and agents have to register themselves under the Real Estate (Regulation and Development) Act.

RERA Member Secretary K. Vidhaydhar said about 3,100 applications had come in for registration in the last few months.

“We are going to give more time for the applicants with the penalty fine of ₹2 lakh. We expect at least 2,000 more applications in the next few days,” he said. The RERA estimates that there could be about 5,000 projects, buildings or layouts, which could come under the RERA ambit.

The authority had announced during the formation that registrations were done online and projects approved between January 1, 2017, and August 31, 2018, should take mandatory approvals or obtain registration from it before the month-end.

The Member-Secretary said thorough verification of the applications made online for registration was taken up

“We have so far issued 136 show-cause notices to builders,” he said, but he does not rule out further extension after January-end. The Maharashtra RERA, which the TS Government has been closely following, has hiked the penal amount to ₹10 lakh for those who are yet to get their projects registered.

Therefore, he does not rule out periodic hike till compliance improves before taking the next penal step, which is to fine 10% of the property cost. Lack of clarity in calculating precise project costs by CAs, architects and others is being touted as one of the reasons for the ‘delay’ or ‘reluctance’ on the part of the real estate industry.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.