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real estate regulator Right (RareDelhi Speaker decides to crack down on builders evading registration by conducting surprise inspections Anand Kumar told ET.
Several builders in Delhi were avoiding project registration with the authority despite it being mandatory for developed areas of more than 500 square metres, irrespective of the number of apartments built on it.
“We have received several complaints and we will initiate action based on them. In some cases, where there are no complaints, we will go and investigate the violations,” Kumar said.
For unregistered projects, RERA will impose a penalty of up to 5% of the project cost. From 2017 to 2021, Delhi RERA About 160 complaints were resolved. Last year it disposed of 150 complaints.
“We have come to know that builders are getting the land registered by giving 25% share to four different owners and then starting the development so that they do not come under the purview of RERA. For example, if a plot of 1,000 square yards is owned by four owners and then developed, the developed area will not exceed 500 square meters and the developer will be able to avoid registration,” said Kumar.
To plug this loophole, RERA has urged the Delhi government not to register a land parcel in the name of different owners. Since Delhi is primarily a market with low-rise buildings, local builders redeveloped properties and freely sell floors for ₹30 crore each.
After complaints surfaced of buyers not getting properties on time, RERA in April 2022 said that low-rise developments also need to be registered.
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