People urged to buy RERA registered properties only

‘Be safe, be sure’ campaign brings all real estate bodies together

The Confederation of Real Estate Developers’ Associations of India (CREDAI) Hyderabad and Telangana, Telangana Real Estate Developers' Association (TREDA), Telangana Builders Federation (TBF), and Telangana Developers Association (TDA) jointly launched an initiative to caution people to purchase TS-RERA (Real Estate Regulatory Authority) registered properties only, on Friday.

The objective of the ‘Be safe, be sure’ campaign, which has brought all the real estate bodies together, is to educate people about the risks of purchasing unapproved, UDS (undivided share) properties and the pre-sales, pre-launch properties without taking the required approvals from regulatory agencies like the HMDA/GHMC, and RERA.

The campaign was launched by P. Rama Krishna Rao, CREDAI Hyderabad president, general secretary V. Rajashekar Reddy, Ch. Ramchandra Reddy, CREDAI TS chairman, president D. Murali Krishna Reddy, R Chalapathi Rao, TREDA president, secretary general B Sunil Chandra Reddy, C Prabhakar Rao, president of Telangana Builders Federation (TBF), G.V. Rao - president of Telangana Developers Association (TDA), and others. The real estate bodies want to educate the customers about the risks in purchasing unapproved, UDS, pre-launch and pre-sale properties and about the benefits of purchasing those registered in TS-RERA. They also aim to reach out to the government to initiate appropriate punitive action against ‘unscrupulous’ operators resorting to such illegal sales.