Developers can claim exemption from the Real Estate (Regulation and Development) Act only if work on their apartment or layout project is complete and if 60% of the flats or sites are registered. As per the final notification of the Real Estate (Regulation and Development) Rules issued on Monday, a competent agency should certify that the project is complete. Besides, developers who have already submitted applications seeking completion and occupancy certificates after completing the project can also claim exemption.Not Set/ RERA applies to all incomplete projects
Developers can claim exemption from the Real Estate (Regulation and Development) Act only if work on their apartment or layout project is complete and if 60% of the flats or sites are registered. As per the final notification of the Real Estate (Regulation and Development) Rules issued on Monday, a competent agency should certify that […]
Developers can claim exemption from the Real Estate (Regulation and Development) Act only if work on their apartment or layout project is complete and if 60% of the flats or sites are registered. As per the final notification of the Real Estate (Regulation and Development) Rules issued on Monday, a competent agency should certify that the project is complete. Besides, developers who have already submitted applications seeking completion and occupancy certificates after completing the project can also claim exemption.
