Haryana RERA advises buyer to not invest in projects without RERA registration

The Gurgaon bench of Haryana Real Estate Regulatory Authority (HARERA), has advised the real estate buyers to not book properties in projects that are not registered with RERA. The authority said sale and purchase of properties in unregistered real estate projects is not allowed under the RERA Act of 2016. “If any person is facilitating sale purchase in unregistered projects through advertisement or by any other means that is a violation of the Act,” said the authority. The authority said that promoters should discourage advertising their projects before RERA registration as it is an offence and punishable under the law. Section 3 of the Real Estate (Regulation and Development) Act, 2016 says advertisement of unregistered real estate projects in any capacity lays down stringent punishment for such advertisements.

Similarly, Section 9 of the RERA Act, says a person has to register with the RERA before facilitating sale purchase into registered projects. The authority has noted many unregistered agents are using social media as a tool to advertise unregistered real estate projects in violation of the RERA Act 2016, which is a punishable offence. “People should not invest in any unregistered real estate project as they may be cheated through false promises .The real estate promoters and agents should work, act, and offer sale purchases in accordance with the RERA Act only,” said Arun Kumar, Chairman RERA Gurugram.

Source: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/haryana-rera-advises-buyer-to-not-invest-in-projects-without-rera-registration/articleshow/106705521.cms