CS Executive · Economic, Commercial and Intellectual Property Laws · Real Estate Regulation and Development Law
Metro Homes Ltd is developing a large township in three phases, each with its own approvals. How does the RERA Act, 2016 treat registration for this township?
Each phase is treated as a stand-alone real estate project, and the promoter must obtain registration separately for every phase. A single registration covering the whole township, or only the first phase, does not satisfy the Act.
- AOne registration for the whole township is enough
- BEach phase is a stand-alone project and must be registered separatelyCorrect
- COnly the first phase must be registered; later phases are covered automatically
- DRegistration is needed only for phases exceeding 500 sq m
Explanation
The Explanation to section 3 states that where a project is developed in phases, every phase is considered a stand-alone real estate project and the promoter must obtain registration for each phase separately. A single registration for the whole township therefore does not satisfy the Act.
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