Real estate promoters in Kerala issued a ‘final warning’
The Hindu
Display registration number and K-RERA website prominently in adverts or face penalty, says regulatory authority
The Kerala Real Estate Regulatory Authority (K-RERA) has issued a ‘final warning’ to promoters stating that failure to prominently display the K-RERA registration number and K-RERA website address in publicity materials related to real estate projects could attract a stiff penalty. The authority had come out with three separate orders on this issue in the past, but noted in a July 22 order that many promoters continue to violate this condition laid down in the Real Estate (Regulation and Development) Act, 2016. Failure to do so can attract a penalty extending up to 5% of the estimated cost of the project, the authority noted.
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