Hyderabad: All the Real Estate projects approved on or after January 1 last year, the plots having above 500 Sq. Mts area or more than 8 units have to be registered with “Telangana State Real Estate Regulatory Authority” (TS RERA) 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 Builders / Developers who have taken permission for Real Estate Projects in between January 1, 2017 and August 31, 2018 for the above mentioned are requested to get their projects registered with TS RERA before November 30 through online in TS RERA Website rera.telangana.gov.in to avoid penalties from December 1, 2018.
It has come to the notice of the Authority that, in spite of the several Notices / reminders issued, the Real Estate projects are not yet registered by the project promoters/developers. 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 the Act.
It is informed that, delay in registration with TS RERA would attract the penal provisions of the Act and Rules issued therein. Further to avoid congestion, start filling the information and upload the documents immediately and pay the fee accordingly. (NSS)
