Summary:
more-inThe delay in the notification of the Real Estate (Regulation and Development) Act (RERA) rules in the State has resulted in a registration frenzy among builders. However, the RERA rules for the State were notified only on July 11 and a functional RERA website is just three days old. The real estate industry is in a rush to register projects under RERA as the deadline is just four days away. The extremely short window for registration has left the industry crying foul, and many builders are seeking a deadline extension. Kapil Mohan, Principal Secretary for Housing and the interim head of the authority, said the authorities would initiate action after the July 31 deadline..