RERA, it is mandatory for all projects, from the date of commencement of the Act (1st May,2017), to first register with the regulatory authority and only then, promoters can book, sell, advertise or market these real estate projects.

They take large area and divide plot illegally , according to me division of plot without permission of Land Record dept is illegal they simply can not divide it. 

But many do it . 

 

Thanks a Lot sir for that valuable information.

I had made the token payment in the month of april. And now the plotting company is chasing me to complete the payment and proceed for registration. I spoke to the company about RERA, but they said that it is not applicable to them since they r not constructing any structure but only selling the plotted land which is already NA and Plots already demarcated and individual 7/12 for each plot.

Is registration still possible, without the project being RERA compliant ?

If your plot has individual 7 / 12 extract NA land , subject to title verification you can purchase it
 

Registration of sale deed is done under registration act and it is compulsory , Proper stamp duty and registration fee is required to be paid , and proper entry in land record of your name to required to be done 

I was reading RERA today and remebered your matter 

No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act:

Aboout 3 years back, i had paid the booking amount for a plot with a builder.

The builder has still not made any progress on starting or even getting the clearances on the land.

I have made no further payment.

Will the project have to be registered under RERA, now?

Yes and contact local adv. for document examination and take steps accordingly 

See many Builders and Developers have not registered yet and today only read some where that high penalty is imposed and further increase will take place after 16 Aug 5pm 

So check whether your promoter has registered the project

The Maharashtra Real Estate (Regulation and Development)(Registration of real estate projects, Registration of real estate agents, rates of interest and disclosures on website) Rules, 2017

CHAPTER IV RATE OF INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND

18. Rate of interest payable by the promoter and the allottee. -The rate of interest payable by the promoters to the allottees or by the allottees to the promoters, as the case may be, shall be the State Bank of India highest Marginal Cost of Lending Rate plus two percent: Provided that in case the State Bank of India Marginal Cost of Lending Rate is not in use it would be replaced by such benchmark lending rates which the State Bank of India may fix from time to time for lending to the general public.

19. Timelines for refund. -The refund of any amount which is payable by the promoters to allottees along with the applicable interest and compensation, if any, under the Act or the Rules and Regulations, shall be made by the Promoter to the allottee within thirty days from the date on which such refund along with applicable Interest and Compensation, becomes due and payable to the allottee: Provided that, every instance thereof shall be reported by the concerned promoters within thirty days to the Authority.

What if the builder says that they will not book or market any more flats.

Do they then have a choice of not registering their ongoing project.

In my case, a builder has taken the booking amount for a plot in Bangalore, but not made any progress after that and not applied for any clearances from the government. Can they escape RERA by saying they are not selling any more plots?

Madhu, My builder has told me that they have applied for registration under RERA. It is a big builder. They are saying all their ongoing projects have been applied for, under RERA.

Approach some one in Banglore because for land and Town Planning matter State laws applies and person from one state can not properly give reply to other state person 

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