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Rajasthan RERA to impose 10% of project cost on builders

Rajasthan RERA to impose 10% of project cost on builders

“Under section 3 of RERA Act, 2016 developers were provided 90 days to register after the Act came into effect on May 1 in the state. After RERA Act came into force, chief minister Vasundhara Raje launched the RERA website on June 1. It became mandatory for all the builders and real estate agents to register on the website till July 31. However, on the request of developers an extension of one month was provided (till August 31) to register with regulatory authority after depositing Rs 50 per square metre.

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