Delhi RERA to act against builders avoiding project registration
Dated on: Thursday 9th March 2023The Delhi Real Estate Regulation Authority (RERA) has decided to tighten down on builders who dodge registration by conducting surprise inspections. Some builders in Delhi were avoiding project registration with the Authority, despite the fact that it is obligatory for developed sites larger than 500 square metres, regardless of the number of apartments built on it.
For unregistered projects, RERA will levy a penalty of up to 5% of the project cost. From 2017 to 2021, Delhi RERA resolved approximately 160 complaints. It resolved 150 complaints last year.
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