RERA registration extended

February 01, 2019 12:00 am | Updated 03:59 am IST - HYDERABAD

Applications can be submitted by Feb. 15 with Rs. 2 lakh penalty

Telangana State Real Estate Regulatory Authority (TS-RERA) on Thursday announced that all applications received after January 31 for the registration of projects will be considered only if they pay Rs. 2 lakh as penalty since their applications are liable for rejection for missing the month-end deadline.

Chairman Rajeshwar Tiwari after holding a meeting with the TS-RERA authorities said it was decided to extend the date once again as “it may not be appropriate to outrightly reject the applications and it was decided to give them one more opportunity”.

Applications registered before February 15 will have to pay the penalty fee and the process of registration of ongoing projects will be open for those cases where the permissions were taken between 01-01-2017 and 31-08-2018 from the competent authorities.

As per the Real Estate (Regulation and Development) Act, 2016 it is mandatory on the part of the promoter to make application for registration of ongoing projects within a period of three months from the date of commencement of Real Estate (Regulation and Development) Act, 2016.

Many extensions

And, the TS-RERA has said the projects which are approved on or after 01-01-2017 by the competent authorities viz., UDAs/DTCP/ Municipal Corporations/ Municipalities / TSIIC, are to be registered with it. It was announced on August 31 last year that the projects should be registered before November 30, 2018 and last dates have been extended ever since every fortnight expecting the industry to fall in line.

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