On Monday the Ministry of Housing and Urban Affairs (MoHUA) launched the Goa Real Estate Regulatory Authority (RERA) registration portal.
The central Real Estate (Regulation and Development) Act (RERA) came into effect on 1st May 2017 and Act made it mandatory for agents and developers to register their projects with RERA by 31st July 2017.
Due to rules were not formulated on time, Goa had extended the time period for registration. As of now, brokers have time till February end to register and builders to register their project with the portal, sources in the MoHUA said.
A ministry official said, “Any unregistered project would be deemed unauthorized by the regulator, but as the state government has failed to notify the rules and the authority as on date, the ministry of urban development has given Goan builders additional time to register with RERA.”
The rules came into force in the state on 29th November under the Real Estate (Regulation and Development) Act 2016.