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Promoter fee structure for RERA registrations in Himachal Pradesh!

Promoter fee structure for RERA registrations in Himachal Pradesh!
  • General
  • Tuesday 29th August 2017
  • Author: Yash Verma

Highlights

  • Himachal Pradesh has been a part of the trend in delaying the final notifications of the Real Estate (Regulation and Development) Act.

  • The Cabinet also launched an official website for the real estate developers of the state to make the process quick and easy.

  • The promoter shall pay a registration fee at the time of application for registration by way of a demand draft or through online payment mode.

Himachal Pradesh has been a part of the trend in delaying the final notifications of the Real Estate (Regulation and Development) Act.The State Cabinet notified the final rules as well as implied the Act on August 22, 2017 against the deadline of 31 st July, 2017.

The enforcement has made it mandatory for the agents and promoters of the state to register themselves with the Act as soon as possible. The Cabinet also launched an official website for the real estate developers of the state to make the process quick and easy.
Here is the complete fee structure for Promoters of Himachal Pradesh –
The promoter shall pay a registration fee at the time of application for registration by way of a demand draft or through online payment mode, as the case may be, for a sum calculated at the rate of,-
(1) In case of group housing project – Rs 2 per square meter for projects (excluding area under roads, paths and other civic amenities) where the area of land proposed to be developed does not exceed 2,500 square meters; or Rs 5 per square meter for projects where the area of land proposed to be developed exceeds 2,500 square meters (excluding area under roads, paths and other civic amenities), but shall not be more than Rs 5 lakhs.
(2) In case of mixed development (residential and commercial) project – Rs 5 per square meter for projects where the area of land proposed to be developed does not exceed 2,500 square
meters (excluding area under roads, paths and other civic amenities ); or Rs 10 per square meter for projects where the area of land proposed to be developed exceeds 2,500 square meters (excluding area under roads, paths and other civic amenities), but shall not be more than Rs 7 lakhs.
(3) In case of commercial projects – Rs 10 per square meter for projects where the area of land proposed to be developed does not exceed 2,500 square meters (excluding area under roads, paths and other civic amenities ); or Rs 15 per square meter for projects where the area of land proposed to be developed exceeds 2,500 square meters (excluding area under roads, paths and other civic amenities), but shall not be more than Rs 10 lakhs.
(4) In case of plotted development projects – Rs 2 per square meter (excluding area under roads, paths and other civic amenities), but shall not be more than Rs 2 lakhs.

(5) In case of ongoing projects where completion certificate has not been issued - there would be no application fee.

Although there has been no specified amount of fines or deadline instructed by the state so far, the promoters are expected to be given a month’s time to register with the Act, which might be followed by penalties, as it has been done by other state RERA Authorities.

TAGS:  RERAHimachal PradeshReal Estate (Regulation and Development).



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