Gujarat RERA asks developers to comply with queries
Real Estate

Gujarat RERA asks developers to comply with queries

In response to ongoing concerns raised by developers regarding delays in the registration process, the Gujarat Real Estate Regulatory Authority (RERA) has emphasized the importance of developers addressing its queries promptly. Senior officers within RERA have revealed that approximately 200 project registrations are currently pending due to developers' failure to respond to queries raised by the regulatory authority.

A senior officer at RERA explained, "There are outstanding queries related to various projects, encompassing legal, technical, and financial aspects, for which we have requested developers to provide the necessary information required for registration. Regrettably, around 200 projects remain in limbo as developers have yet to furnish the essential details. This has inevitably resulted in delayed registrations. In many instances, developers rely on external consultants who may not adequately address these queries."

The call for more expeditious responses from developers comes as RERA strives to streamline and expedite the registration process, ensuring that projects comply with regulatory requirements. Prompt and comprehensive communication between developers and the regulatory authority is seen as essential to facilitate the timely registration of real estate projects and maintain transparency and accountability in the sector.

In response to ongoing concerns raised by developers regarding delays in the registration process, the Gujarat Real Estate Regulatory Authority (RERA) has emphasized the importance of developers addressing its queries promptly. Senior officers within RERA have revealed that approximately 200 project registrations are currently pending due to developers' failure to respond to queries raised by the regulatory authority. A senior officer at RERA explained, There are outstanding queries related to various projects, encompassing legal, technical, and financial aspects, for which we have requested developers to provide the necessary information required for registration. Regrettably, around 200 projects remain in limbo as developers have yet to furnish the essential details. This has inevitably resulted in delayed registrations. In many instances, developers rely on external consultants who may not adequately address these queries. The call for more expeditious responses from developers comes as RERA strives to streamline and expedite the registration process, ensuring that projects comply with regulatory requirements. Prompt and comprehensive communication between developers and the regulatory authority is seen as essential to facilitate the timely registration of real estate projects and maintain transparency and accountability in the sector.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

EMO Energy and e-Sprinto to Deploy 8,000 Electric Scooters

EMO Energy has announced a partnership with electric two-wheeler maker e-Sprinto to deploy 8,000 electric scooters across India this financial year. The rollout will include both low-speed and high-speed models and will be phased across several cities. The scooters will be aimed at quick-commerce and last-mile delivery operations where uptime and energy efficiency are prioritised. EMO Energy said the scooters will use its patented ZenPac liquid-cooled battery platform with active thermal management, battery intelligence and energy optimisation to improve reliability and performance. ZenPac con..

Next Story
Infrastructure Energy

Octillion Opens Third EV Battery Plant in India

Octillion Power Systems has opened its third manufacturing facility in Halol, Gujarat, adding production capacity as demand for electric vehicle battery systems grows across passenger, commercial and public transport segments. The facility covers more than 13,000 square metres and was converted from an empty structure into an operational battery manufacturing plant in less than eight months. At full capacity the Gujarat plant will manufacture more than 48,000 battery systems annually, representing over three GWh of energy storage capacity. With the addition of the Halol facility Octillion's co..

Next Story
Real Estate

Land Reforms Could Unlock Urban Affordable Housing

Former cabinet secretary and NITI Aayog member Rajeev Gauba said India’s urban housing shortage could be tackled by unlocking 10 million (mn) vacant homes and using excess unutilised land held by public sector undertakings (PSUs). He said land availability lay at the heart of the problem and estimated that land accounted for as much as 50 to 70 per cent of total project cost. He urged states to waive land?use change fees and exempt stamp duty on land and transactions linked to affordable housing. He noted that urban population was projected to rise from 500 million to nearly 900 million by 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement