Auguest 19, 2017

Surbhi Prasad

The registration of projects under Haryana's Real Estate (Regulation and Development) Act is progressing at a slow pace. Though the deadline for registration under the Act is over, there are around 418 applications that are still pending with the Haryana government. According to sources, only 66 realty projects within the state have received registration certificates so far. The state government had set July 31 as the deadline for RERA registrations. An official of Haryana RERA committee said the panel received majority of the applications in the last three days. Even though the state notified the rules on July 28, an interim authority was registering projects under the draft rules. "We had received 449 applications for registration of projects under RERA in the last three days. Total number of applications received stands at 484. About 144 applications are in process right now,"the official said. Officials said it would take another two-three weeks to register all the projects that had applied for the registration.

According to the norms, developers cannot advertise their projects unless their registration has been completed under the Act. Consequently, most projects under RERA will have to wait for some more time to publish their advertisements and promotions. Last month, the state government had issued notices to 20 developers for advertising their projects without registering them under the act. The developers, on the other hand, said that it is wrong on the part of the state government as they have delayed registration and they should not be penalised for it. The state government is still not ready with the portal under RERA, and will need another month's time to get ready.

Some developers said they were assured by the state government that the registration certificates would be issued soon. "Officials had told us that the certificates should be issued within a couple of days. But its been more than two weeks already. We are still waiting," a Gurugram-based developer said. The state government has been facing severe criticisms from homebuyers for "diluting the central law by changing the definition of ongoing projects", leaving almost 90% of the city's residential projects outside the purview of the act.

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Source: financialexpress.com