Kerala real estate regulatory authority (K-Rera) will hold its first hearing on complaints against real estate projects on February 5. More than 100 complaints have been received by the authority from buyers of projects which have not received occupancy certificate.
While a good number of complaints pertain to delay in delivery, there are also complaints against builders for failing to deliver promised features regarding a project. Multiple complaints have been received against a single project itself and in other cases individual complaints have been received.
K-Rera has scheduled hearings in February for both the complainant and the respondent. Officials with K-Rera said complaints have been received against projects dating back to 2010, 2014 time-periods.
While the number of complaints against real estate builders and promoters have crossed 100, so far only 3 Rera registrations have been made under new projects. Although around 35 applications for new projects were received by the authority for registration, the process could not be completed due to erroneous filing of application or furnishing of inaccurate information. With the frequent recurrence of inaccuracies and irregularities, K-Rera has warned promoters that it will invoke Section 60 of Real Estate ( regulation and development) Act, 2016 which stipulates that any false information given or any contravention of provision of relevant sections by the promoter will attract a penalty which may extend up to 5% of the estimated cost of the real estate project.
The notice issued by K-Rera pointed out that in spite of several directions issued by the authority, many of the applications are not being filled in the prescribed manner and that it contains so much inaccuracies and irregularities. It was also found that some of the information sought in the application form were found omitted completely and some were found false and even altered from the mandated format.
In order to deal with growing number of flawed applications, K-Rera recently issued separate checklists for promoters of ongoing and new real estate projects. The promoters were directed to file duly filled checklist for filing application along with the application for registration.
The checklist includes a set of 27 requisite details like estimate of expenditure, nature of encumbrance, land records, plan of development works, audited balance sheet, description of land and the like. K-Rera chairman P H Kurien said the authority wants to make it very clear to the public that they shall not make bookings or purchase a real estate project which has not received registration from Rera.