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Realtors must enroll under Madhya Pradesh RERA to get land registered

16 Jul 2017

 

The local stamp and registrar office has received fresh instructions to ‘discourage’ property registration by builders and colonizers doing business without enrolling under Regulation and Development Act 2016 . As per the instructions, it has been made compulsory for builders and colonizers to mention their RERA registration number at the time of property registrations.

The district administration has decided to declare all residential and commercial projects illegal, which have not been given completion certificate till April 30, 2017 by the competent authority and have subsequently failed to register under RERA by July 31.

http://www.affordablehomesindia.com/project/150/signature-global-the-millennia/

“We have received a letter from the office of inspector general (IG) of stamp and registration instructing to ask builders and colonizers to provide RERA registration number at the time of applying for property registration,” senior district registrar, Bal Krishna More told TOI.

The state government has passed RERA Act on March 26, 2016 while the same has been implemented from May 1, 2017 across the state. Under its section 3(1), the builders and colonizers have been prohibited from selling properties sans RERA registration.

“In order to discourage property selling by builders and colonizers without RERA registration, they should mention the registration number while applying for property registration,” the letter reads.

“We have received the instructions a couple of days ago. Efforts are being made for 100 per cent implementation of the order,” More said.

While the state government has set a deadline of July 31 for registering under RERA, the new guidelines issued by IG office is expected to create a state of confusion among builders and colonizers.

http://www.affordablehomesindia.com/project/150/signature-global-the-millennia/


“July 31 was the deadline set to get registered under RERA. Before that, there should not be any restriction on property registration,” confederation of real estate developers of India (CREDAI) Indore chapter president, Vijay Gandhi said.

He added if any such instruction of denying property registration sans RERA registration has been issued, we will register our protest against it.

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