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Fee structure for Project registrations under RERA in TELANGANA.

Fee structure for Project registrations under RERA in TELANGANA.
  • General
  • Saturday 5th August 2017
  • Author: Yash Verma

Highlights

  • Telangana Government notified the final rules for RERA registrations in state, for which there will be separate processes for agent and project registrations.

  • The government has also announced of forming a full-time Authority which will overlook the registrations.

  • The fee structure that has been provided by the government for Projects.

Telangana Government notified the final rules for RERA registrations in state, for which there will be separate processes for agent and project registrations. The government has also announced of forming a full-time Authority which will overlook the registrations, just as it has been done by other states with notifications. The fee structure that has been provided by the government for Projects is as follows : 

 

  1. Rs. 5 per sq.m for project where the area of land proposed to be developed does not exceed 1,000 sq.m or Rs. 10 per sq.m for projects where the area of land proposed to be developed exceeds 1,000 sq.m , but shall not be more than Rs.5 lacs:
  2. In case of mixed development (residential and commercial) projects, Rs. 10 per sq.m for project where the area of land proposed to be developed does not exceed 1,000 sq.m or Rs. 15 per sq.m for projects where the area of land proposed to be developed exceeds one thousand sq.m, but shall not be more than Rs.7 lacs;
  3. In case of commercial projects, Rs.20 per sq.m for projects where the area of land proposed to be developed does not exceed 1,000 sq. m or Rs.25 per sq.m for commercial or any other projects, where the area of land proposed to be developed exceeds 1,000 sq.m, but shall not be more than Rs.10 lacs; and 
  4. In case of plotted development projects Rs.5 per sq.m, but shall not be more than Rs.2 lacs;

However, even after finally addressing the rules for the RERA Act, it is still not clear what extension will be given to the builders as the deadline has already passed.



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