Kerala Real Estate Regulatory Authority (K-RERA) has warned promoters, agents and firms against marketing of real estate projects without doing mandatory registration with the authority.
The authority has started sending show cause notices to certain firms and people who have been found marketing projects without registering with RERA.
RERA has communicated that many real estate agents/firms/brokers are vastly doing marketing activities in connection with real estate projects through printed, visual and social media without getting registered under RERA.
The authority has cited that in case of RERA registered projects, the promoters shall show the RERA registration number in a visible manner in all their advertisements/prospectuses. Likewise in the case of the projects that are not bound to be registered, the promoters shall have to indicate/write the same clearly in all the advertisements/prospectus.
RERA has already published several notices through its official website conveying consequences of non-compliance of mandatory provision of law regarding registration of real estate projects. The officials with RERA said that the promoters of real estate projects obtained ample time till March 23 2020 for submitting applications for registration of real estate Projects.
The lockdown related to COVID-19 pandemic started only on March 24 2020 and that any relaxation/extension is meant only for those who were not able to submit applications for registration till March 23 due to some valid reasons for which they were not at all responsible or beyond their control.
