Telangana homebuyers in limbo
Even nine months after Real Estate Regulatory Authority (RERA) officially came into existence and five deadlines being given to register infrastructure development projects, less than 50 per cent of the ongoing project developers in Telangana have come forward to register their projects with RERA. Despite the lukewarm response from builders and developers, the Telangana state RERA is giving a long rope to them by just imposing penalty on the builders. According to officials, all ongoing infrastructure projects which got approval from the various government agencies as on January 1, 2017, were to be registered with RERA before November 30, 2018 without any penalty. There are 4,700 ongoing projects in the state that should have been registered before November 30 last. However, as of date, only 2,000 projects have registered themselves with RERA. Since November last year, the authorities have extended the deadlines for registrations without any penalty five times.
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