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CAN THE REGISTRATION BE REVOKED UNDER RERA ?


 

Can the registration BE revoked under RERA?

 

Yes, registration under the Real Estate Regulatory Authority (RERA) can be revoked under certain circumstances. The revocation of registration is a measure taken by the regulatory authority to address non-compliance or violations by the developer. Here are some reasons that may lead to the revocation of registration under RERA:

1.    Non-Compliance with RERA Regulations: If a developer fails to comply with the provisions and requirements of RERA, the regulatory authority may initiate the process of revoking the registration. Non-compliance can include violations related to project timelines, disclosure of information, utilization of funds, or any other obligations outlined under RERA.


2.    Misrepresentation or Fraudulent Activities: If the developer is found to have engaged in misrepresentation, misleading practices, or fraudulent activities related to the project, the regulatory authority may revoke the registration. This could involve providing false information, misusing funds, or any other activity that compromises the interests of homebuyers.


3.    Violation of Buyer's Rights: RERA aims to protect the interests of homebuyers. If a developer violates the rights of buyers, such as non-delivery of promised amenities, deviation from approved plans, or any other breach of buyer agreements, the regulatory authority may take action, including the revocation of registration.


4.    Failure to Complete the Project: If the developer fails to complete the project within the specified time frame without valid reasons or fails to obtain the necessary approvals for the project, the regulatory authority may consider revoking the registration.


5.    Non-Payment of Penalties or Non-Compliance with Regulatory Orders: If the developer fails to pay penalties imposed by the regulatory authority for violations or does not comply with the orders or directions issued, it may lead to the revocation of registration.

The process and grounds for revocation may vary between different states' RERA regulations. Each state has its own rules and procedures for handling non-compliance and revocation. It is advisable to refer to the RERA rules and regulations of the specific state for accurate and detailed information regarding the revocation of registration under RERA.

ADV LEENA KAULGEKAR

 

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