The Real Estate Regulatory Authority (RERA) rules were notified by the Telangana government one month back but till date the state has not introduced a mechanism in place for builders to register their projects and prospective property buyers to file complaints against errant and deceitful sellers. This has created confusion in buyer’s mind about where to file complaints against errant developers and realty agents. Meanwhile, taking advantage of the ambiguity and delay, some firms having ongoing projects have implemented fast track in order to avoid the financial and other fallouts that would happen once RERA becomes fully operational.
The Municipal Administration and Urban Development (MA&UD) department had notified the Telangana RERA rules in the first week of August, three months after the implementation of the Act on May 1, 2017.The rules are in line with the Centre's RERA rules in order to avoid any disputes about the dilution of provisions, state officials stated.
Officials have further informed that the chairperson to be appointed has to be a serving or retired High Court judge and the names should be recommended by the Hyderabad High Court. Navin Mittal, Secretary, MA&UD department, has shared that the state government will soon make ad hoc arrangements.
As per the RERA rules, all builders have to register their projects approved after January 1, 2017, including ongoing projects, with the regulatory authority. The firms cannot advertise and sell their ventures without registration. A website would have to be launched for registrations and taking complaints, while real estate agents have to register their names with the authority.
For creating the authority, the MA&UD department was supposed to appoint a chairperson and members. An appellate tribunal also has to be constituted yet in Telangana.