Telangana RERA Portal Inaugurated by Minister KTR

Minister KTR Inaugurated Telangana RERA Portal Office at Masab Tank

Latest Announcement of Telangana RERA Rules

RERA [Real Estate (Regulation and Development) Act] finally notified the detailed set of rules for the real estate sector to regulate the real estate sector in Hyderabad.

The measures that are already taken up by officials are:

  • The government has studied the implementation of RERA in Maharashtra and other states.
  • They found Maharashtra RERA will simplify the projects registration process.
  • The agreement has been made with Maha Online Limited, a joint venture between Maharashtra Government and TCS to develop Telangana RERA web portal.

Latest Developments in the Implementation of RERA Portal

The municipal administration department has approached Maha Online Limited, a joint venture between Maharashtra Government and signed the contract of three years to maintain a similar portal for Telangana.

  • On 31st August 2018, Mr KT Rama Rao, Municipal Administration Minister inaugurated the RERA portal office in Hyderabad.
  • The RERA portal office is at Masab Tank, Hyderabad.
  • The government officials confirmed testing the functionality of the RERA Hyderabad website to avoid the technical glitches in the future.
  •  Maha Online (Mumbai) develops the online registration system of the Hyderabad RERA portal. TS Online will provide local technical support.
  • Over 5000 firms have got permissions for constructions under Greater Hyderabad Municipal Corporation (GHMC) and Hyderabad Metropolitan Development Authority (HMDA) and would register with online RERA portal.
  • The portal also implemented the Global Positioning System (GPS) to find the exact location of the real estate project.

Telangana RERA portal has notified the following rules:

  • Real estate builders and agents have to pay a one-time registration fee to State Government for online registration under RERA. They must register by paying the following charges:

Registration fee is

For builders Rs.750

For agents Rs.500

  • The builder and agents have to compulsorily register the commercial and residential projects, where the project/apartment is proposed to exceed five hundred square meters (500 sq. mt.), or more
  • The penalty will be levied on both builders and agents for non-registration and violations of rules specified under RERA.

Benefits for the Buyers with the implementation of RERA portal are:

  • Regulate and promote the realty sector.
  •  Protect the interest of consumers.
  •  Promote fair transactions in the real estate sector.
  •  Ensure timely execution of projects.
  • Conduct speedy redressal of disputes between developer and consumer.

Visit to know latest updates of Telangana RERA in Hyderabad.

By: Shailaja K