Register projects to avoid penalties, Telangana warns builders

The Telangana government has asked all developers, who have taken permission for real estate projects on or after January 1, 2017 and having plot area of at least 500 sq metres or more than eight units, to register the projects immediately, to avoid penalties

The Telangana government, on September 18, 2018, asked all builders and developers who have obtained permissions for real estate projects on or after January 1, 2017, to get their projects registered with the concerned authority, immediately. “All the builders/developers who have taken permission for real estate projects on or after January 1, 2017, having about 500 sq metres plot area or more than eight units, are requested to get their projects registered with Telangana State Real Estate Regulatory Authority (TS RERA) immediately through online, to avoid penalties. The official website is rera.telangana.gov.in,” an official release said.

See also: Telangana CM seeks detailed project report, for new ring road in Hyderabad

As per the Real Estate (Regulation and Development) Act, 2016 and Telangana Real Estate (Regulation and Development) Rules, 2017, notified by the state government, all the real estate projects approved on or after January 1, 2017, having above 500 sq metres plot area or more than eight units, have to be registered with the authority, it added.

 

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