All unregistered projects to be blacklisted by RERA

Dated on: Tuesday 5th June 2018

RERA( Real Estate Regulation Authority) chairman Afzal Amanullah claimed that the building projects not registered under Real Estate (Regulation and Development) Act, 2016 till June 30 deadline will be blacklisted. He further stated that builders and promoters have been given the last opportunity to register their projects under the Act by June 30 with late fee of Rs. 3 lakh or 300% of the registration amount, whichever is higher.

RERA member Rajiva Bhushan Sinha said the list of blacklisted firm would be circulated to all RERAs in India so that they would not be able to form a company in any part of the country.