TG-RERA Cracks Down on Unregistered Real Estate Advertisements
Hyderabad: The Telangana Real Estate Regulatory Authority (TG-RERA) has taken a firm stand against real estate developers and entities that have been publishing project advertisements without adhering to the mandatory RERA registration norms. This proactive measure is aimed at ensuring transparency in the real estate market and protecting potential buyers from misleading and non-compliant advertisements.
Following a thorough scrutiny, TG-RERA found that several advertisements had either failed to mention the mandatory registration number or did not comply with the prescribed display guidelines. Show-cause notices have been issued to prominent entities such as Godrej Properties, Navanami Elevate Project, Vertex Viraat Project, Swargaseema Ameya Project, and Thirumala Hills, among others.
In some instances, while the registration number was mentioned, the advertisements did not meet RERA norms regarding font size and clarity. For example, in the case of Swargaseema Construction’s Ameya project, the authority observed that the project, registered as a layout, was misleadingly advertised as a full-fledged residential project. This, along with other disclosure violations, has raised significant concerns.
The authority has issued a stern warning to promoters, developers, real estate agents, and advertising platforms, emphasizing that releasing pre-launch advertisements or soliciting investments without obtaining valid TG-RERA registration is a direct violation of the Real Estate (Regulation and Development) Act, 2016.
Under the Act, all real estate projects exceeding 500 square metres or comprising more than eight apartments must be compulsorily registered with TG-RERA before they can be advertised, marketed, or sold. This regulatory requirement is designed to ensure that developers provide accurate and complete information to potential buyers, thereby fostering a fair and transparent market.
The crackdown by TG-RERA is a significant step towards maintaining the integrity of the real estate sector in Telangana. By holding developers accountable for their advertising practices, the authority aims to build trust among consumers and promote a more responsible and ethical business environment.
This move is expected to have a positive impact on the real estate market, as it will reduce the risk of fraudulent practices and ensure that buyers are well-informed before making any investment decisions. The authority has also urged all stakeholders to strictly comply with the RERA norms and to seek the necessary approvals before launching any marketing campaigns.
In conclusion, the actions taken by TG-RERA highlight the importance of regulatory compliance in the real estate sector. By enforcing these norms, the authority is not only protecting the interests of potential buyers but also contributing to the overall health and stability of the market.