Many developers across India follow a common practice of pre-launching a project without securing requisite approvals for the project from the local authorities, which is termed as soft inauguration, pre-trigger etc. Buyers moreover lap into this opportunity as they acquire discounted prices during the pre-launches era. But if it is from a developer who is dishonorable or a fly by night operator, later it carries a pleasurable risk. Hence, to plug this gap, RERA Project registration of all projects following the regulatory authority has been mandatory back it is launched for sale and for registration the basic pre-requisite is that the developer must have all the requisite approvals. Thus the buyer is protected as the project is ground-fenced from the notions of non-approvals or delays in approvals which are one of the major causes of withdraw for the project.
Prior Registration of Real Estate project as soon as Real Estate Regulatory Authority
A conscious uphill shall not advertise, market, cd, sell or come taking place following the allocation for sale, or invite persons to as well as in any space any slant, apartment or building, as the engagement may be, in any true home project or allocation of it, in any planning place, without registering the definite in flames project following the Real Estate Regulatory Authority recognized.
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