Kerala real estate regulatory authority has warned real estate promoters against violation of Rera rules. It cautioned the public against striking purchase agreements with real estate projects that have not been registered with Rera.
K-Rera chairman P H Kurian, in a statement on Tuesday, said the public should be vigilant against real estate promoters who try to sell off unregistered villas, flats, plots and commercial places.
According to Kurian, the authority has taken note of the advertisements of unregistered projects and notices have been issued to the promoters.
“Before inking agreements with the real estate promoters, the public should visit the rera.kerala.gov.in web portal to ensure that the project in question and its details are registered with Rera,” he said.
Rules insist that Rera registration numbers should be displayed in the real estate project advertisements and brochures.
“Agents and brokers don’t have the right to sell the properties before obtaining the clearance of Rera. Those who publish advertisements or strike agreements in violation of the mandatory rules would be inviting a fine of Rs 10,000 per day. The penalty can go up to 5% of the total project cost,” the statement said.