TSRERA to put a penalty of Rs 1,00,000 on defaulters

Dated on: Wednesday 19th December 2018

In a circular dated 15 Dec 2018, Telangana State RERA slaps the builders with Penalty of Rs 1,00,000. The penalty will be applicable for registration of ongoing projects, for which permission was taken from the competent authorities (civic body/municipality/UDAs etc) between January 1, 2017, and August 31, 2018, but were not registered by December 15, 2018.
The date has been extended till 31st December 2018 for builders with a penalty of Rs 1,00,000.

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