Following the footsteps of other states, Telangana is also set to launch its RERA [Real Estate Regulatory Authority] web portal. This launching program is scheduled for 1st August. The Telangana Government framed rules and also has appointed a temporary regulatory authority a few months ago. Currently, the RERA rules are not yet implemented in the State. This web portal will have registration of real estate developers, builders and property agents as well as for receiving complaints from the public.
The State’s municipal administration signed an agreement with Mahaonline Ltd. This is a joint venture between the Maharashtra State Government and TCS, for developing and maintaining the RERA portal for Telangana State. The portal is already under trail and it will become functional for the public on August 01st, Arvind Kumar, the principal secretary said.
Another official stated that Mahaonline will maintain the Telangana RERA portal for the coming three and will upgrade the website as and when required. This portal will be linked to the Global Positioning System [GPS] to keep an eye on each Real Estate project falling under the State’s jurisdiction. The orders related to registration charges will directly go to the portal operators have already been issued by the MA&UD department.
The developers have to pay Rs 750 for all real estate projects and the real estate agents have to submit Rs 500 for one-time registration charges apart from other fees. All this money will directly go to Mahaonline for maintenance of the portal the official said.
According to the RERA rules, the real estate developments of 500 sq. meters and more than this area have to be registered under the Act, irrespective of their category residential or commercial. Also, all real estate firms have to get registered online in order to carry out functioning and property agents are required register to online for the smooth functioning of their business. Currently, the official has no exact data available on a total number of real estate agents active in the state.
Rajeshwar Tiwari, special chief secretary [revenue], has made a temporary regulatory body as the work is being done on the RERA web portal which is a full-time regulatory authority.