Haryana builders seek 3 more months for registration under RERA

Haryana builders seek 3 more months for registration under RERA

August 3, 2017 in Uncategorized

GURUGRAM: Several Haryana-based developers have approached the government, seeking an extension in the deadline for registration of projects under H-Rera. A majority of projects are yet to be registered, though the deadline for registration of on-going projects ended on July 31.

Between July 28, when the final rule was notified, and July 31, the last date for registration, over 400 applications for registration were submitted with the ad-hoc authority that has been put in place while the state regulator is formed. According to sources, only around 30 state projects have received registration certificates so far.

As per norms, developers cannot advertise projects before they get registered under the Act. Last month, the state government had issued notices to 20 developers for advertising their projects without registering them.

Praveen Jain, president of National Real Estate Development Council (NAREDCO), the apex body of the real estate sector, said rules were supposed to be notified by May 1, but got delayed by three months. With the final rule being notified only on July 28, it left only three days for registration. “The government should extend the deadline by three months, as notification of rules was delayed by the same period,” said Jain.

He added, “The UP government has extended the deadline for registration by 15 days, along with a plan to impose minimum penalty for the first three months after that,” suggesting the Haryana government should also announce a similar plan. He further said realtors have also sought time from the government to explain their views on outstanding issues.

“Though implementation of H-Rera will give a boost to the real estate sector, there are many grey areas on which both developers and customers need clarity. Deadline extension will be a positive step towards its successful implementation,” said Vineet Relia, managing director, SARE Homes.

Sumit Berry, managing director, BDI Group, emphasised the confusion that prevailed in the initial days. “There were many challenges being faced by all stakeholders initially, due to the lack of clarity on the Act. There was confusion over the state and central Rera Acts, which took time to get cleared. Even the website either had faults or was down for most of the initial 30 days,” said Berry, adding a deadline extension would give realtors time to comply with all rules and regulations, and register projects successfully. Till now, the Haryana government has not been able to upload a fully functional H-Rera website, forcing realtors to submit applications manually.

A senior official at the department of town and country planning (DTCP) said they have received many applications from realtors and agents for registration. “We received applications till July 31. Till now, there’s no decision to extend the deadline,” said the official.

(source by:-The Economic Times)

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