In a first, action taken against 4 developers in Jaipur for RERA violations
Jaipur: The Rajasthan government has finally swung into action against violators of Real Estate Regulatory Authority (RERA) regulations. The government has taken action against four developers for the first time since RERA came into force in May last year.
Two developers have been asked to pay fines, while two others served show-cause notices for RERA violations.
Two developers who didn’t complete formalities related to document submission after their projects were registered with RERA has been asked to pay a fine that is four times the RERA registration fees.
Two other developers who started promoting and marketing their projects without registering them with RERA have been served show-cause notices.
One of the projects that were asked to pay a penalty is coming up in Shahpura near Jaipur. The developers of two projects coming up in Jaipur’s Patrakar Colony and Diggi Road have been served notices.
In September, RERA warned developers that the developers who haven’t yet registered their ongoing projects would have to deposit a penalty of 2% of project cost or 10 times of registration fee, whichever is more.
After the Act came into effect on May 1 in Rajasthan, the developers were given 90 days to register. This was as per section 3 of RERA Act, 2016. After the Act was announced, chief minister Vasundhara Raje had launched the RERA website on June 1.