Relief for builders as most of the states extended the deadline for RERA registration

Relief for builders as most of the states extended the deadline for RERA registration

Many states are offering the extension to the developers for registering their on-going projects with the RERA. Although the central government has refused to extend the deadline for the RERA registration, some of the states have bypassed the Centre’s orders and are providing the extra window for the same.

According to Kapil Mohan, the Housing Secretary cum the interim chairman of RERA Karnataka , the state government has extended the registration deadline so that the developers can register their projects flawlessly.

As per the sources, the Uttar Pradesh government has also offered the extension for project registration with the RERA until 30th September 2017 after which the developers have to pay fine that may go up to 10% of the project cost.

The Gujarat government will also provide an extension for the RERA registration. Citing the flood and heavy rain in the state, the Chairman of RERA Gujarat Manjula Subramanian told the reporters that the government has decided to push the deadline for RERA registration and the heavy downpour in the state has created hassles in the construction work.

Many states such as Telangana and Goa, which have not notified the act yet, have also extended the time for registering the real estate projects. As per the RERA rules, the builders must register their on-going projects within three months of RERA notification.

Contradicting all the decisions of other states, the Maharashtra government has ruled out any provision for the time extension for RERA Registration . Though the developers from Maharashtra have requested the authority to extend the timeline for RERA registration, the same would not be provided as Maharashtra notified the Act on time, said an official from the Maharashtra housing department.

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