The Real Estate Regulatory Authority (RERA) at Jaipur has seized several flats of a city-based builder to auction them to compensate buyers who did not receive possession of a flat even after paying the full amount.
Veenu Gupta has taken charge as the chairperson of Rajasthan Real Estate Regulatory Authority (RERA) in Jaipur. Read the latest news about her appointment and plans to implement RERA Act effectively.
As per the RERA rule, if a promoter proposes to develop a project comprising nine or more plots, on a piece of land having an area of more than 500 square metre, then the project is liable to be registered under RERA.
Rera: Notices have been issued to all directors of the builder group as well as their chartered accountants instructing them to attend the upcoming hearing.