JKRERA conducts surprise inspections of real estate projects in Jammu and Kashmir, issues notice to defaulter for non-compliance with RERA Act.
Real EstateHousingJkreraRera ActProperty DevelopmentReal Estate NewsJul 26, 2024
The purpose of JKRERA inspections is to ensure compliance with the Real Estate (Regulation and Development) Act, 2016 and to safeguard the interests of homebuyers.
The projects inspected by JKRERA included River Castle apartments, Tawivihar, Sidhra, Tawi Apartments, Mass Housing Building Corporation Limited, Palm Riviera, Sidhra, and Royal Nest Sapphire, Kunjwani.
The penalty for non-compliance with RERA Act includes fines and imprisonment.
JKRERA plays a crucial role in promoting transparency in the real estate sector by ensuring that builders/promoters comply with the Real Estate (Regulation and Development) Act, 2016.
JKRERA protects the interests of homebuyers by ensuring that builders/promoters comply with the Real Estate (Regulation and Development) Act, 2016 and by providing a platform for redressal of grievances.
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