Goa RERA deadline extended till October
The Goa government decided to extend the deadline for ongoing projects to register under Real Estate (Regulation & Development) Act by three months to October. The decision was taken due to the state government’s delay in notifying the rules and authority on date. The builders have demanded to extend the date of registration.
The Central Real Estate (Regulation and Development) Act (RERA) came into effect on May 1, 2017, exactly a year after it was passed by Parliament. As per the Act, developers, projects and agents had to mandatorily register their projects with the Real Estate Regulatory Authority till July 31. It was enacted to regulate the real estate sector and secure the interest of consumers, states that no builder can advertise, market or sell a plot, apartment or building without registering the real estate project with the Real Estate Regulatory Authority
Speaking to media designated Real Estate Regulatory Authority Sudhir Mahajan said. “Builders and promoters can submit their applications of new and ongoing projects in the prescribed form which can be downloaded from the website. For ongoing projects, applications for registration will be accepted upto October 31, 2017, without levy of penalty,”