In accordance with Section 3(1) of the Real Estate (Regulation and Development) Act 2016, no promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any Real Estate project or part of it, in any planning area, without registering the Real Estate project with the Real Estate Regulatory Authority.
It is mandatory on the part of the Promoter to make application for registration of ongoing projects within a period of three months from the date of commencement of Real Estate (Regulation and Development) Act, 2016.
As per the Telangana State Real Estate (Regulation and Development) Rules, 2017, the projects which are approved on or after 01-01-2017 by the competent authorities viz., UDAs/DTCP/Municipal Corporations/Municipalities/TSllC as the case may be, are to be registered with TS RERA.
On 31st August, 2018 the TS RERA has announced timelines to register the projects before 30th November, 2018 through online for the projects approved between 01-01-2017 and 31-08-2018 without penalty and opportunity was given with penalty for registrations of the Real Estate projects from 01-09-2018 to 31-07-2019.
Now it is decided by the Authority, not to extend the date any more further, and to levy the penalty as per section (59), case by case in respect of such Real Estate projects which obtained development permissions between 01-01-2017 to 31-08- 2018, but failed to register with TSRERA, such projects will be published with their names in press for cautioning the home buyers for not to buy/purchase such
plots/flats in unregistered projects.