a. Delayed
Submission of Application for Registration of Ongoing Projects-Penalty under
Section 59 of the Act, 2016 - reg: Dated 29-09-2020
b. Penalty
for delayed submission of application for registration of ongoing projects -
projects for which occupancy certificate have already been issued - reg: Dated
30-09-2020
Earlier
Authority had extended the time limit for submission of application for
registration of ongoing projects in Form A1 till 30th September on account of
Covid 19 pandemic, lockdown and instability due to unlocking stages which
adversely affected the real estate sector and have restricted the functioning
of office of the authority.
Though
previously authority vide public notice on 27th December 2019 has informed that
ongoing projects shall be registered within 3 months from 1st January 2020 and
real estate projects that have obtained occupancy certificate prior to 31st
December 2019 need not to register under Kerala RERA.
But now
after reviewing corona impact on the real estate market and buyers, Kerala Real
Estate Regulatory has extended the date of submission of Application for
Registration of ongoing Projects till 31st October 2020 with 10% application
fee as a penalty, 30th November 2020 with 40% application fee as a penalty,
31st December 2020 with 100% application fee as a penalty and from 1st January
2021 as Decided by Authority on Case to Case basis, which may Extend up to 10
percent of the Projects Cost as per Section 59 of the Real Estate (Regulation
& Development) Act, 2016.
RERA
Consultants LLP having experience and expertise in advising real estate
promoters in filing application for registration of Real Estate Project Kerala
State in a professional way. Our Kerala office is situated at RERA Consultants
LLP, No. 39/2359, Opp. Lotus Club, Warriam Road, Kochi – 682016. Contact Mr
Krishna Prasad - 91 484 4060899, 81380 10899 or write to us on
rerapromo@reraconsultants.in
Authored By: Shweta Kaushik, RERA CONSULTANTS LLP
Disclaimers
This
blog underlines the information as per issued notice by Kerala Real Estate
Regulatory Authority in their website - https://rera.kerala.gov.in/
We recommend
the Promoters to seek the assistance of the Professionals involved in the real
estate / RERA practice in case of any queries and clarifications.
Contact
For any other details, clarifications, assistance, advice and other services, please visit www.reraconsultants.in or can get in touch with us at 080 – 2223 3003 or email to rerapromo@reraconsultants.in
