Reranews

RERA applicable for venture plots

Reranews06 Oct, 2021Business

Yes. According to the RERA Act, every real estate project, including venture plots with a land area of ??more than 500 square meters must register under RERA. No advertiser or marketer or builder or seller can advertise about any plot without registering the venture project. Before inviting buyers, the developer must register open plots or any type of real estate project under RERA.