J&K RERA comes into action; issues notice to defaulting real estate project

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Ziraat Times
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JAMMU, JULY 26: A team of officers under the directions of Chairperson, JKRERA, Satish Chandra, and Member, Virender Singh Pathania, today conducted a thorough inspection of various real estate projects in the region to ensure compliance with the Real Estate (Regulation and Development) Act, 2016.
The inspection team, comprising Undersecretary RERA Esha Chib, Tehsildar RERA Megha Gupta, Naib Tehsildar RERA Gias-ul-din and JE RERA Amit Verma, assessed the projects’ adherence to the Act and its associated rules, an official statement received by Ziraat Times said.

The real estate projects which were inspected by the team included River Castle apartments, Tawivihar, Sidhra, Tawi Apartments, Mass Housing Building Corporation Limited, Palm Riviera, Sidhra and Royal Nest Sapphire, Kunjwani.

A primary focus of the inspection was to safeguard the interests of homebuyers besides making the builders/promoters aware about the various provisions of the Real Estate (Regulation and Development) Act, 2016 and the rules and regulations made there under, the official said.

Following a surge in consumer complaints, the authority has also issued a notice to a real estate developer and directed him to register itself under Section 3(2) of the Real Estate Act.
To reiterate, all real estate projects with a land area exceeding 500 square meters or proposing to develop more than eight apartments must be registered with JKRERA. It is imperative for promoters to understand that advertising, marketing, booking, selling, or inviting purchases for any plot, apartment, or building within a planning area is strictly prohibited without prior registration with the Real Estate Regulatory Authority, the official added.

The JKRERA remains steadfast in its commitment to upholding the rights of homebuyers and ensuring transparency in the real estate sector. The Authority urges all real estate developers to cooperate fully with the inspection process and to strictly adhere to the provisions of the Real Estate Act, the official further stated.

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