Only 25% of the total real estate projects sanctioned in Telangana between 2017 and 2019 are RERA-compliant, reveal records. While the state saw over 6,000 ventures being green signaled during this period 80% of them in Hyderabad the Telangana State Real Estate Regulatory Authority (T.S RERA) data shows only 1,550 of them have the mandatory Rera registration number. The Rera regulations in Telangana formulated in July 31, 2017, made it compulsory for all projects “whose building permissions were approved on or after January 1, 2017” to register with the state Rera authority. It also included ongoing projects that were not issued an Occupancy Certificate or Completion Certificate, at the time of rollout. Yet, many projects continue to thrive without the Rera stamp. The most common violations: advertising and selling without registration number, denying compensation to customers as mentioned in the act and employing marketing agents who are not Rera-certified. “I have at le...
Planning, Designing and Development of Residential Layouts in Andhrapradesh and Telangana states from last 25 years.