Haryana builders seek three months extension for RERA registration

19 Aug 2017 CW Staff

After the completion of the deadline on July 31, 2017, for RERA registration ongoing projects, several projects are yet to be registered. Haryana-based realtors are expecting an extension in the deadline for the registration of the remaining projects under H-RERA. They have come across, approaching three months of extension in the deadline to the government.

According to reports, till now, only around 30 state projects have received registration certificate, whereas over 400 applications were submitted during July 28-31. As per the regulatory norms, the developers can advertise their projects only after the registration of the projects under the act. The Haryana Government had issued against 20 developers in the last month for advertising their projects without registration.

Praveen Jain, President, National Real Estate Development Council (NAREDCO), says, “The government should extend the deadline by three months, as notification of rules was delayed by the same period,”. According to him, the norms should be notified by May 1 itself, but the final rule got notified on July 28, only with the three months delayed. He also adds, “The UP Government has extended the deadline for registration by 15 days, along with a plan to impose minimum penalty for the first three months after that”.

A senior official at the department of town and country planning (DTCP) reportedly says that they have received many applications for registration from builders and agents. “We received applications till July 31. Till now, there’s no decision to extend the deadline,” said the official. Reportedly, there can be no certainty regarding the extension of the deadline that the realtors seek.

Ssumit Berry, Managing Director, BDI Group, emphasised the confusion that prevailed in the initial days. “There were many challenges being faced by all stakeholders initially, due to the lack of clarity on the Act. There was confusion over the state and central RERA Acts, which took time to get cleared. Even the website either had faults or was down for most of the initial 30 days,” Fir him, the extension would further help the realtors to conform the norms more successfully. However, the state government has not been successful yet in uploading a fully functional H-RERA website instructing the realtors to submit their application manually.

“Although implementation of H-RERA will give a boost to the real estate sector, there are many grey areas on which both developers and customers need clarity. Deadline extension will be a positive step towards its successful implementation,” says Vineet Relia, Managing Director, SARE Homes.

After the completion of the deadline on July 31, 2017, for RERA registration ongoing projects, several projects are yet to be registered. Haryana-based realtors are expecting an extension in the deadline for the registration of the remaining projects under H-RERA. They have come across, approaching three months of extension in the deadline to the government. According to reports, till now, only around 30 state projects have received registration certificate, whereas over 400 applications were submitted during July 28-31. As per the regulatory norms, the developers can advertise their projects only after the registration of the projects under the act. The Haryana Government had issued against 20 developers in the last month for advertising their projects without registration. Praveen Jain, President, National Real Estate Development Council (NAREDCO), says, “The government should extend the deadline by three months, as notification of rules was delayed by the same period,”. According to him, the norms should be notified by May 1 itself, but the final rule got notified on July 28, only with the three months delayed. He also adds, “The UP Government has extended the deadline for registration by 15 days, along with a plan to impose minimum penalty for the first three months after that”. A senior official at the department of town and country planning (DTCP) reportedly says that they have received many applications for registration from builders and agents. “We received applications till July 31. Till now, there’s no decision to extend the deadline,” said the official. Reportedly, there can be no certainty regarding the extension of the deadline that the realtors seek. Ssumit Berry, Managing Director, BDI Group, emphasised the confusion that prevailed in the initial days. “There were many challenges being faced by all stakeholders initially, due to the lack of clarity on the Act. There was confusion over the state and central RERA Acts, which took time to get cleared. Even the website either had faults or was down for most of the initial 30 days,” Fir him, the extension would further help the realtors to conform the norms more successfully. However, the state government has not been successful yet in uploading a fully functional H-RERA website instructing the realtors to submit their application manually. “Although implementation of H-RERA will give a boost to the real estate sector, there are many grey areas on which both developers and customers need clarity. Deadline extension will be a positive step towards its successful implementation,” says Vineet Relia, Managing Director, SARE Homes.