The authority has also claimed that if there's a progress in the project and it hasn't been updated with the authority, then action shall be taken too
Developers will now have to be extra careful when they are uploading any document for registration with the Real Estate Regulatory Authority (RERA). A new order, issued by the authority, states that documents once uploaded by the promoter during registration or project update cannot be deleted. Builders claim that they were told the government will not be stringent initially but now things are changing. The authority has also claimed that if there's a progress in the project and it hasn't been updated with the authority, then action shall be taken too.
A builder, who is registering his project with RERA, will have to furnish all documents pertaining to the project. This includes an updated list of flats sold, which has to be done quarterly. While a developer isn't allowed to delete documents already uploaded, he is allowed to upload additional documents.
According to Manohar Shroff, vice president, MCHI-CREDAI, Navi Mumbai, the reason behind the low registrations is the number of clarifications that are going up with each passing day. "Builders want to register but then every week there is a new rule. Now the latest rule is that once the documents are uploaded, they cannot be deleted. This will further deter builders from registration of the projects," said Shroff.
On the other hand, builders also claim that the government had assured them that initially it won't be strict but it seems that was all talk. "If a document once uploaded won't be deleted, this means a mistake shall prevail for the entire life of the project on public domain. We were expecting the government to give us some relaxation but the rules are getting stricter," said a developer.
AS PER THE ORDER
- "The promoter should ensure that project details are updated on a regular basis as and when there are updates and at least once in 90 days. The website shall contain a field on project last updated for public view. If it is brought to the notice of MahaRERA, that the data has not been updated for more than 90 days in spite of progress in the project, then necessary action shall be taken by MahaRERA."
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