Gujarat RERA gives second chance to defaulters

Gujarat RERA gives second chance to defaulters
04/05/2019 , by , in News/Views

Gujarat Real Estate Regulatory Authority (GujRERA) has introduced a one-time Voluntary Compliance Scheme (VCS-2019) for real estate promoters and developers who have failed to file mandatory quarterly progress reports (QPR) for two consecutive quarters.

The introduction of the scheme is aimed at providing an opportunity to defaulting realtors to regularise their QPR filing and save themselves from prosecution under section 63 of RERA Act. The scheme shall remain into force from May 1 to June 7.

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