1. All applications received after 16th February, 2019 for the registration of Project have violated provision of section 3 (1) of Real Estate (Regulation and Development) Act 2016. Therefore, on this ground their applications are liable for rejection under section 5 (1)(b) of the Act.
2. The Authority has decided that it may not be appropriate to out-rightly reject the applications. Therefore, in exercise of the powers vested under section (59) of the Real Estate (Regulation and Development) Act, 2016 TS RERA has once again decided to give one more opportunity by charging Rs.2,00,000/- (Rupees Two. Lakhs only) as penalty, if eregistration is done on or before 28-02-2019.
3. TS RERA has decided to keep the process of registration of ongoing projects open for which permission has been taken between 01-01-2017 and 31-08-2018 from the competent authorities.
4. After the application has been made by the promoter, the Authority would communicate through a pop-up notice / e-mail, to the Promoters, who have uploaded their application between 16th February to 28th February 2019 asking them to pay online penalty for late registration.
5. If the Promoter does not agree to pay the penalty, his application shall be further processed as per the provisions of Section 5(1)(b) of the Real Estate (Regulation and Development) Act 2016.
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