Summary:
RERA has decided to impose fines of upto 10% of the project cost if the developers fail to register the project. Also, a penalty of 5% of the project cost will be imposed if any false information regarding the project is provided during the registration. The completion certificates from the town planning department have been issued therefore there is no reason for delay in the registration of the projects with RERA." The revised layouts are not yet approved by the KMC, which need to be registered as per the RERA Act. We hope that the issues related to the registration of the existing projects get resolved through court's intervention..