PROMOTERS: THE ORDERS FROM THE TS RERA . OFFICIAL WHO THE PEOPLE ARE NOT FOLLOWING THE ORDERS THEY WILL GET FINE 10% FINE ON PROJECT COSTS AND PRISONED FOR 3 YEARS .UNDER SECTION 60: ANY WRONG INFORMATION ABOUT PROJECT AND SALES WILL BE FINED 5% ON PROJECT COSTS
AGENTS: PLOTS /FLATS WHICH ARE NOT REGISTERED IN THE TS RERA UNDER SECTION 65: FINE ON THE FINE 5% ON PROJECTS
HYDERABAD :TS RERA FIRES ON REAL ESTATE BUILDERS .The 40 Real Estate Builders Gets Sokaj Notice From The Ts Rera For Reason Of Not Registered In Ts Rera. “The Real Estate Builders Explanation Within 20 Days Otherwise Strict Actions Will Be Taken On Him “, Said By Ts Rera Official .The 40 Members Who Get The Notices In These List Popular Real Estate Builders And Promoters Was Also Present .Ts Rera Find That These People Are Not Registered In And Campaigned Sales There Projects. From The Section 59 ” Fine 10% On Project Costs For These Not Registered And Campaigned Sales There Projects”. These Officials Do Not Get Correct Explanation Or They Not Registered The Builders Will Get Poisoned For 3 Years And 20% Fine On Project Cost.
For the benefit of home buyers, the Telangana State Real Estate Regulatory Authority (TS RERA) has decided to publish the list of projects registered with it, on December 1. The list would comprise all the real estate projects registered with TS RERA till November 30.
As per the Real Estate (Regulations and Development) Act, 2016 and Telangana Real Estate (Regulation and Development) Rules, 2017, notified by the State government, all real estate projects approved on or after January 1, 2017, with plots having above 500 sq.mts area or more than eight units, have to be registered with the Authority.Accordingly, all the builders/developers who had taken permission for real estate for projects between January 1, 2017 and August 31, 2018 have to get their projects registered with TS RERA before November 30 online on the website rera.telangana.gov.in to avoid penalties from December 1, according to a press release.
The Authority said despite several notices and reminders, some of the real estate projects were yet to registered by the promoters and developers and action would be initiated for levy of penalty against them.
