The Real Estate Regulatory Authority (RERA), Rajasthan, will update its website to reflect data lists of projects whose applications for registration have either been rejected, withdrawn or revoked.
The move will save the buyers from investing money in projects which are rejected, withdrawn or even in registered projects that have expired. RERA registrar Ramesh Chandra Sharma said, “The orders passed against the revocation or others are already uploaded on the RERA website. We will also prepare a list of these projects to inform buyers.”
Sources said from August, the developers registered with RERA will again start submitting quarterly progress report (QRPS).
Providing relief to real estate developers amidst Covid, RERA had exempted developers from displaying quarterly report of projects on the regulator’s website till July 31.
An official informed TOI that as per the mandatory provision, a promoter must upload updates on the RERA website for the project at the end of each quarter on apartments/flats, status update of each building, floor, internal infrastructure and common areas construction. Other details including information on approvals, bank account details, revision in plans, licence issues, permits or approvals for the projects also must be displayed in public forum.
From January 1, the body (RERA- Raj) had launched online facility for submission of QPR of registered projects. After that no offline reports were to be accepted. “The report for a quarter must be submitted within 15 days after the end of quarter as per rule. All those promoters who had submitted offline QPR for earlier quarters had to submit it online for previous quarters as well,” said an official.
