Unfinished realty projects in Haryana to get registered with RERA by July-end
Projects which did not get completion certificate to come under regulator’s ambitpunjab Updated: Jul 26, 2017 19:24 IST
Real estate projects in Haryana which were granted licences on or before May 1 and have not been issued completion/occupation certificates will have to get registered with the Real Estate Regulatory Authority (RERA) by July 31.
Unless they do so, the promoters will not be able to sell, advertise or getting bookings for their projects. The Haryana Cabinet on Tuesday approved the Haryana Real Estate (Regulation and Development) Rules.
The state rules defined the term ‘ongoing project’ in the Central law — the Real Estate (Regulation and Development) Act — stating it would mean a project for which a licence was issued for development under the Haryana Development and Regulation of Urban Area Act, 1975, on or before May 1, 2017, and where development works were yet to be completed on the said date.
However, it will not include any project for which an application was submitted for grant of completion certificate after completion of development works or part of any project for which part completion or completion/ occupation certificate was granted on or before publication of these rules.
The central law, which was enacted to regulate the real estate sector and secure the interest of consumers, states that no promoter will advertise, market, get bookings done, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority.
The central law says that for ongoing projects on the date of commencement of this Act for which the completion certificate was not issued, the promoter shall make an application to the authority for registration of the project within three months from the date of commencement of the Act. The state Cabinet memorandum states this definition would ensure that unlicensed projects were not able to register with RERA.
Moreover, a provision has also been added to ensure that a promoter whose project was ongoing on the date of commencement of RERA law (May 1) is not able to get away from the responsibility of registering the project and thereby escape the embargo on sale and advertisement. Also, a project where an application for grant of part of completion certificate was made on or before publication of these rules but the grant of part or completion certificate is refused whether before, on or after July 31, 2017, the promoter will have to make an application for registration of the project within 30 days of receipt of communication of such refusal.