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900 projects registered with Madhya Pradesh RERA till date

Source : 06 Jul, 2018

A total of 900 projects have been registered with Madhya Pradesh RERA till date, informed Anthony de Sa, chairman, MP RERA.

“So far 1600 applications for project registration have been received, and 900 projects have been registered, and appear on our website,” said AnthonyRemaining 700 projects have some shortcomings which have been conveyed to the builders. “As soon as these shortcomings are rectified, the registration will be done, said Anthony.

MP RERA is currently clearing about 25 projects per day.

There are currently over 400 cases being heard in the MP RERA court. Final orders have been passed in about 40 of them. In several cases penalties have been levied for delayed delivery. “In many cases the builders have agreed for a compromise and have compensated the allottees for delays,” said Anthony.

About 80% of the applications are from urban areas and 20% are from the rural areas. Among those from urban areas, majority are from the Bhopal and Indore. “However, it is to be noted that MP is perhaps the only state to have extended the requirement of registration to projects in non-planning (rural) areas as well,” added Anthony.

As for the advertisement being carried out by builder fraternity during the festive season MP-RERA has made it very clear that no advertising can be done without RERA registration. “We have already initiated prosecution against those breaking this rule. The public too have been urged not to make bookings in projects which do not bear a RERA registration number,” said Anthony.


Note: All Inforamtion provided by third party source.


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