Punjab Developers Found Evasion of RERA Rules

Dated on: Thursday 6th February 2025

Recent GST raids have uncovered that several land developers in Punjab, especially in Mohali and New Chandigarh, are circumventing Punjab Real Estate Regulatory Authority (RERA) regulations. These developers have been selling plots and shop-cum-offices through pre-launch offers, 'land pooling' agreements without actual land, and the Expression of Interest (EoI) model to secure early investments from buyers at discounted rates, even before obtaining necessary approvals. Such practices are unlawful and have led to significant GST evasion, as these projects were not registered under Punjab RERA. The regulatory body has announced strict penalties for violators to safeguard buyers' interests.