RERA will ensure legal protection in real estate deals: Kurian
The Hindu
Registration with Authority mandatory for developing, marketing projects
The Real Estate Regulatory Authority (RERA) aims at preventing problems in the real estate sector from cropping up and ensuring legal protection for consumers and developers, said P.H. Kurian, Chairman, RERA, here on Friday.
Addressing an awareness programme on the real estate sector, Mr. Kurian said marketing and long-term leasing of real estate projects without registering with the Authority was an offence punishable by up to 10% of the project cost.
A real estate entity is defined as a plot of land, villa, flat, commercial unit, office, or warehouse of 500 sqm or more. Details of all registered real estate projects and construction progress are available on the web portal rera.kerala.gov.in.
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