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RERA registration with penalty to continue till March 15

RERA registration with penalty to continue till March 15
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Telangana State Regulatory Authority has decided to keep the registration process open by levying a penalty on those who register on or before March 15

Hyderabad: Telangana State Regulatory Authority has decided to keep the registration process open by levying a penalty on those who register on or before March 15.

In accordance with Section 3 (1) of 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. As per the Telangana state Real Estate (Regulation and Development) Rules, 2017, the projects which are approved on or after 01-01-2017 by the competent authorities viz., UDAs/DTCP/ Municipal Corporations/ Municipalities / TSIIC as the case may be, are to be registered with TS RERA.

On 31st August, 2018 the TS RERA has announced timelines to register the projects before 30th November, 2018 through online for the projects approved between 01-01-2017 and 31-08-2018. Further, several press notes and show cause notices have also been issued for the registration of the projects on or before 30th November, 2018 clearly mentioning the proposed action to be taken as per the provisions of the Act which will be initiated from 1st December, 2018 onwards.

During the meeting held on 28th February, 2019 by TSRERA, it is decided to levy penalty.

Therefore, all applications received after 28th February for the registration of Project have violated provision of section 3 (1) of Real Estate (Regulation and Development) Act 2016. Therefore, on this ground their applications are liable for rejection under section 5 (1)(b) of the Act. 2. The Authority has decided that it may not be appropriate to out-rightly reject the applications. Therefore, in exercise of the powers vested under section (59) of the Real Estate (Regulation and Development) Act, 2016. TS RERA has once again decided to give one more opportunity by charging Rs. 2,00,000/- (Rupees Two Lakhs only) as penalty, if registration is done on or before March 15. TS RERA has decided to keep the process of registration of ongoing projects open for which permission has been taken between 01-01-2017 and 31-08-2018 from the competent authorities.

After the application has been made by the promoter, the Authority would communicate through a pop-up notice / e-mail, to the Promoters, who have uploaded their application between 1st to 15st March asking them to pay online penalty for late registration. If the Promoter does not agree to pay the penalty, his application shall be further processed as per the provisions of Section 5(1)(b) of the Real Estate (Regulation and Development) Act 2016, Authority Chairman Rajeshwar Tiwari said in a press release today.

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