Due to the complications in notification of final rules of the Real Estate (Regulatory and Development) Act, the registration deadline in Goa has been further dragged to 31st December 2017. This is the second time that RERA deadline has been extended by the government, first being shifted to 31st October 2017.
The builders of the state are furious as due to the Act’s provisions, they are not allowed to advertise their projects unless registered. The real estate agents are also restricted from dealing in projects that are not yet registered with RERA.
According to the RERA Act, the original deadline for registrations was set at 31st July 2017.