More than 400 projects were operational and many of them were on the verge of completion on the basis of provisional approval granted to the developers.
A sum of 65 real estate projects in Mysore had been affirmed by Real Estate Regulatory Authority (RERA), which had been set up a year ago to control real estate sector.
With real estate accessible in relatively every corner of the State, from shops offering photocopying facilities to visit organizations, one would envision that the total of all the real estate agencies could run into a few thousands.
A detailed article where we are explaining that why RERA Registration is the must for Builders?
According to the act, all the on-going projects in States should register with State RERA Authority till 31st of July 2017. But this clause has just become an immaterial requirement for registration under RERA.
RERA Karnataka- The builders who failed to register themselves with RERA Authority are barricaded from advertising, marketing, booking, selling or offering to sell any plot, apartment or building.
RERA Registration: The builders they are probing RERA Authority for 90-day window from the date of notification of RERA Rules to get themselves registered.