Rajasthan RERA to impose 10% of project cost on builders

Rajasthan RERA to impose 10% of project cost on builders
03/10/2017 , by , in News/Views

The Rajasthan Real Estate Regulatory Authority (RERA) will now impose 10% of the project cost on developers who have not registered their ongoing projects with the regulatory authority till September 30.

The authority had given September 30 as the deadline to register ongoing projects after paying 2% of project cost as penalty. “As the extended deadline is now over, the regulatory authority will impose 10% of the project cost and registration fee on developers to register their ongoing projects with RERA,” said a senior RERA official.

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