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Registration Started in Haryana, Although RERA Not Ready
June 30, 2017
Although Haryana government is yet to finalize the rules for the Real Estate (Regulation and Development) Act (RERA), registrations for real estate projects have already started in the state under the draft rules. So, if there are any major amendments in the finalized version then the projects will have to adjust accordingly.
This Tuesday itself, eight major real estate projects were registered, especially in Gurgaon. Moreover, the interim regulator has received 6 more applications.
According to a senior official, the lack of finalized RERA is not a hindrance for the real estate projects registrations. The Haryana government has also decided to give the developers more time for compliance under RERA than what’s recommended in the Act.
