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Friday 15 December 2017
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Registration of promoters under Real Estate Act made compulsory

Shimla: To give seamless, transparent and efficient services to the promoters and buyers, Himachal Pradesh government has initiated registration of promoters and estate agents on a website www.hprera.in.

Chief Minister Virbhadra Singh today launched the web portal. The Council of Ministers in its meeting held on 5th August, 2017 approved the H.P. Real Estate (Regulation and Development Rules), 2017.

The web portal will also have a feature for making complaints against erring developers who fail to discharge their responsibility as per law.

Urban Development Minister Sudhir Sharma said that the department of H.P. Town and Country Planning would ensure that all the promoters were registered with the Director, TCP, who has been nominated as designated officer, for Real Estate Regulatory Authority (RERA). All the promoters are required themselves to be registered with RERA within 30 days and the general public is advised not to buy any plot or apartment or flat from any developer who is not registered with RERA.

The Minister said RERA aims to make the registration of real estate project compulsory besides imposing liability on the promoter to pay such compensation to the allottees in the manner as provided in the Act.

The Real Estate Regulation and Development Act, 2016 provides to impose an obligation upon the promoter not to book sell or offer for sale, or invite persons to purchase any plot, apartment of building, as the case may be, in any real estate project without registering the real estate project with the Authority.

It also provides to establish Real Estate Appellate Tribunal to hear appeals.



Rahul Bhandari is Editor of TheNewsHimachal and has been part of the digital world for last eight years.