Rural projects in Rajasthan lacks behind in RERA Registration

Dated on: Wednesday 7th March 2018

The maximum of real estate projects in rural areas still not registered with Rajasthan RERA. According to official sources, “Less than five developers have registered their projects in Jaipur. The projects are more than 50 in the state capital.” After implementing the RERA in urban areas, authority decided to take real estate projects in rural areas under its ambit. A penalty would be levied if developers miss the boat to register their ongoing project within the target date.  The Authority will impose penalty of up to 10% of project cost on Developers who fails to register with RERA.

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