File Application for Kerala - RERA before 31st October 2020 to Avoid Higher Penalty

 

Kerala Real Estate Regulatory Authority has issued order/circular on 29th and 30th September 2020 in relation to –

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