Builders want Real Estate Regulatory Authority deadline extended

Builders want Real Estate Regulatory Authority deadline extended
29/10/2018 , by , in News/Views

With little more than a month to go before the deadline ends for builders to register with the Telangana State Real Estate Regulatory Authority (TS RERA), real estate builders from the state want the deadline to be extended beyond November 30.

Speaking to newsmen on the sidelines of the fourth annual general body meeting of Telangana Builders Federation (TBF) which has 560 builders as its members here on Saturday, its general secretary Jakka Venkat Reddy said there has not been much awareness among the builders regarding the process of registering with TS RERA. It may be mentioned here that all real estate projects approved between January 1, 2017 till August 31, 2018 have to register with TS RERA by November 30.

Reddy said that the three-month period from August 31-November 30 is not adequate for builders to procure various documents required for registration. He also said that the builders also need a little more time to understand functionalities of the software used for registration with TS RERA.

He pointed out that some more measures are required to boost the real estate sector. He said there is a need for more frequent meetings of land use change committee from the present once in 2-3 months to at least once a month. He stressed for implementation of single window system for building permissions, that requires certificates from various departments like GHMC.

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