RERA registration deadline in Rajasthan extended till August 31
Developers to pay 4 times of the regular registration fee
Jaipur: The deadline for registering real estate projects under RERA has been extended to August 31 in Rajasthan.
The catch is that the developers will have to deposit penalty. They will have to pay four times the registration fee in order to get their projects registered with the real estate regulatory authority. The previous deadline was July 31, but only a handful of projects were registered.
Developers have to pay Rs 10 per square meter as RERA registration fee. For a project measuring 5000 square meter, a developer pays a registration fee of Rs 50,000, but now for getting the project registered till the extended deadline of August 31, he will pay Rs 2 lakh.
Developers have been warned that they would have to pay 10 times the project cost if they don’t get their project registered with RERA by August 31.
Developers have submitted applications for RERA registration in Rajasthan for nearly 412 real estate projects.
They were demanding the deadline for registration be extended which the government has accepted.