CM to inaugurate K-RERA

Chief minister will launch Kerala real estate regulatory authority (K-RERA) at Mascot hotel at 3pm on January 1. K-RERA was constituted in October.

K-RERA issued a notice directing that all promoters, builders and developers shall not advertise, market, book, sell or offer to sell apartments, plots of buildings from January 1 without obtaining registration from K-RERA if the apartment has more than eight units or the land proposed to be developed is more than 500m. A similar direction was issued to real estate agents that they shall not facilitate sale or purchase of plot, apartment or building without obtaining registration from K-RERA under relevant sections.