Hyderabad: About 45 days after issuing the notification to register themselves, only 21 builders have registered with the Real Estate Regulatory Authority (Rera).
Going by official records, nodal agencies such as the Greater Hyderabad Municipal Corporation and Hyderabad Metropolitan Development Authority have issued permissions for about 3000 projects in the city.
The Real Estate (Regulation and Development) Act, 2016 and the Telangana Real Estate (Regulation and Development) Rules 2017, require all real estate projects approved on or after January 1, 2017, and plots of more than 500 sq metres or more than eight units, to be registered with the TS RERA.
The Act says no promoter can advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Rera established under this Act. According to highly placed sources, the Telangana State Rera had asked builders to register before September 30 through its official website rera.telangana.gov.in.
Despite sending SMS and email alerts to builders to register their projects, only 21 have done so.
Sources said that most builders tend to deviate from their original plan and sell the flats to their customers, who will later face the heat from the nodal agencies for the deviations.
Once the project is completed and handed over to the customers, and until the nodal agencies issue the notices, the customers are unaware of the deviations and irregularities in the project.
In order to put an end to such cheating, RERA requires builders and realtors to register their projects. The lukewarm response to the registration exposes the culpability of the builders who cheat their customers.
According to the data collected from the municipal administration department, as many as 2,985 projects were permitted in the GHMC’s jurisdiction, 840 projects in HMDA’s and 1,122 by the Director of Town and Country Planning as on January 1, 2018.
A senior RERA official, on condition of anonymity, said that the authority would initiate stringent action against builders who do not register immediately.
He said Rera can impose a penalty amounting to 10 per cent of the total cost of the project and could also blacklist the projects for lack of transparency and accountability.
