GujRERA Takes Action Against Shivalik Group for Pre-Registration Marketing

What is GujRERA? A: GujRERA stands for Gujarat Real Estate Regulatory Authority. It is a regulatory body established under the RERA Act to ensure transparency, accountability, and fairness in the real estate sector in Gujarat. Q: What is the RERA Act? A: The RERA Act, or the Real Estate (Regulation and Development) Act, 2016, is a law enacted to regulate the real estate sector in India. It aims to protect the interests of homebuyers and promote transparency and accountability in real estate transactions. Q: What is pre-registration marketing? A: Pre-registration marketing refers to the practice of promoting and booking units in a real estate project before it is registered with the Real Estate Regulatory Authority (RERA). This practice is illegal and can lead to legal action against the developers. Q: Who can file a complaint under the RERA Act? A: Under Section 31 of the RERA Act, only an 'aggrieved person' can file a complaint. An aggrieved person is typically an allottee (a person who has booked a property) or a registered real estate agent. Q: What are the consequences of pre-registration marketing? A: Pre-registration marketing can result in legal action against the developers, including fines, penalties, and even the cancellation of the project. It is a serious violation of the RERA Act and can have long-term implications for the developers' reputation and business operations.

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