Goa RERA delayed; registration deadline likely to be extended

By
161

  • Share on
RERA

While the Real Estate (Regulation and Development) Act (RERA) came into effect across the country on May 1, some states, including Goa, are yet to notify the state rules. Officials state that the final rules for Goa RERA are ready and will be notified by July 31.

As per RERA, developers have to register with the authority by July 31. However, since Goa does not have any rules or authority in place, industry experts anticipate that developers in the state will get additional time to register all eligible projects under the Act.

Francis D’Souza, urban development minister, commented that builders will not need to register till July 31. However, all under-construction projects and projects which have not received occupancy certificates after from July 31 will have to register with Goa RERA. D’Souza added that Sudhir Mahajan has been appointed as regulator for the state.

It should be noted that according to officials, Goa RERA rules are similar to the Maharashtra RERA rules, which partially dilutes the penalties for non-compliance by builders.


Copyright 99acres.com


  • Share on
Rate it 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...
  • Post a New Comment

Usage of 99acres.com to upload content which enables targeting by religion/community/caste/race is prohibited. Please report inappropriate content by writing to us at report abuse
Home Legal Sitemap Send Feedback
Back To Top