Despite the availability of an active portal for the Rajasthan Real Estate (Regulation and Development) Act (RERA), the number of registrations with the authority remain low. While seven projects by private developers across the state have been registered so far with the regulatory authority, no government housing project has applied for registration under RERA. Meanwhile, only 19 agents have registered with RERA since May 1.
It has been over two months since RERA came into effect, however, registrations under the revolutionary reform continues to receive lukewarm response from developers. The state government has even written to urban improvement trust (UITs), Rajasthan Housing Board (RHB), development authority, and municipal corporations, to rush and get their projects registered on the Rajasthan RERA website. To facilitate registrations for RHB, the state has even formed a committee but to no effect.
There are more than 1,000 constructed and 300 ongoing projects in the state. With the registration deadline set for July 31, developers need to pick up pace. It must be noted that registration is mandatory for advertising or selling any project post RERA roll out.
Officials remain optimistic that registrations will surge in the next few days as the technical glitches in the website have been fixed. The government has also eased the registration process, following the issues highlighted by developers.