Real Estate Regulatory Authority (RERA) for projects in Chandigarh, which had a month to register real estate projects, has now decided to take suo motu action against the infringing builders.
RERA published a notice on June 23 requiring owners of all real estate projects undertaking them without the necessary registrations one month to comply. According to the letter, if they don’t register within a month, they would be penalized up to 10% of the project’s anticipated cost. However, even two months later, no builder showed up to register their projects.
In order to protect the interests of the community, the Real Estate (Regulation and Development) Act of 2016 requires that all residential and commercial real estate projects that propose to develop more than 500 square meters of land or more than eight apartments or offices register with RERA.
However, since the Act went into effect, just six projects have been registered in Chandigarh. Around 15 further projects were reportedly being built without registration, according to reports.
Three of the six registered projects—the Sector 53 housing scheme, the 2008 staff housing plan, and the Sector 51 housing scheme—are by the Chandigarh Housing Board (CHB). The final three projects are Rajiv Gandhi Technology Park, Godrej and Lifestyle Buildcon in Industrial Area.
Palika Arora, the RERA’s secretary, stated: “We have already written to the UT Estate Office and Registrar Cooperative Societies to provide us with the list of incomplete projects so that action can be taken.”
She claimed that the city’s rural districts saw the most construction. Additionally, carving will be the target of action
