Notification/Circular No.: 115/RERA/2021
Document Date: March 22, 2024
Applicable Act/Rule: Real Estate (Regulation and Development) Act, 2016
Applicable Section/Rule: Section 11
The Chhattisgarh Real Estate Regulatory Authority (RERA) has launched a Voluntary Compliance Scheme (VCS) to allow promoters to submit pending Quarterly Progress Reports (QPRs) for registered projects. This scheme applies to all projects registered as of March 31, 2024, covering pending QPRs up to December 2024.
Key Features of the Scheme:
Action Required: Promoters should utilize this scheme within the period May 1, 2025, to May 30, 2025, to avoid additional penalties under the Act. If a Completion Certificate is found invalid, the full late fee shall be recovered.
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.