Punjab RERA Notices to over 50 Builders

The (Punjab RERA) Punjab Real Estate Regulatory Authority has issued notices to nearly 50 developers for not registering themselves and their projects with the authority till date.

These builders have violated the provision of section 3 of RERA Act as they cannot advertise the market sell or offer to sell of any plot, flats or buildings, without registering under the State’s Regulatory Authority. The Punjab Authority has asked the Greater Mohali Area Development Authority to submit the schedule of approved projects. There  450 projects which are yet to be registered. As per the authorities these are the unregistered projects .

As for now under Amritsar Development Authority there are 92 projects which are un registered. Under Patiala Development Authority there are 4 Projects which are unregistered. Under the Jalandhar Development Authority there are just six projects which are registered as of no. If there will continuous violation of rules by the developers there will be heavy  penalty  which is 10 percent of the project on them and could be jailed for up to three years.

Officials have stated that 300 projects have successfully registered under Punjab RERA.

 

 

 

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