/RERA registration no. must in advertisements by realtors from August

RERA registration no. must in advertisements by realtors from August

NASHIK: State RERA chairman Gautam Chatterjee on Saturday said after August 1, all builders will have to mention their RERA registration numbers in advertisements.

As per a clause of the Real Estate Regulation and Development Act, Maharashtra, it is compulsory for developers to give information about their projects from May 1, so that consumers can check what they are offered and whether the promises made by builders are fulfilled or not. Builders will also have to regularly update the details of their ongoing projects.

“The realtors have been given three months’ time from May 1 to complete the online registrations of their ongoing projects and also the new projects. After August 1, they will have to compulsorily mention the RERA registration number in their advertisements,” said Chatterjee.

“Since May 1, 900 agents and 16 projects have been registered in state . Yet I am not satisfied as there are at least 30,000 projects which need to be registered immediately,” he added.

Registration of a project is not needed if the promoters have received completion certificates for either renovation, repair or re-development before May 1. Phase-wise uploading of the project can be done and promoters have to obtain registration under this Act for each phase separately. All the necessary disclosures and documents will have to be submitted to the authority online after which a registration number will be allotted.

After the layout is approved by the municipal corporation, the builders can register first building and consequently the others.

“The disclosures will be made public using IT platform. The independent regulator will see if everything is being submitted. Hence, builders should tell the truth in the disclosure. If they do not, then, it will be violation of the Act,” Chatterjee said.

Chatterjee said complainants can approach the grievance redressal cell and the case would be resolved within seven days. One case can go to one court only not multiple courts. All kinds of permissions for new proposals would be given by the local government under Right to Services Act.

“The Act is like empowering people. This is the most crucial decision of the government in independent India. The consumer can see the status of the project online and if there is any violation of the Act, the person can complain on the website itself. This is an important industry for the country’s economy. The guilty will be punished while those doing good work will flourish, ” he said.

Chatterjee said the main aim is to give houses to those who do not have them in their possession. If consumers are staying in houses for years, but do not have occupation/completion certificates, they should get deemed conveyance done.

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