By Accommodation Times Bureau
With the ongoing RERA boom, the state of Rajasthan has received 599 applications from developers and government agencies to register their projects. The initial deadline was extended to Aug 31st on the demand of developers. The state government has made it clear that no extension will be given post the expiry of the deadline.
“As per the rules, developers who will register their ongoing project now will be liable to pay 10% of the project cost as registration charge. However, the RERA has not decided, how much penalty will be imposed against the defaulters,” said a senior official at RERA.