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The Registration Department here is asking details of (Real Estate Regulatory Authority) RERA registration to record documents of apartments, villas, and layouts.

“We got the government communication on Monday and it has come into effect immediately. However, we do not ask for RERA registration for second sales as RERA is only for the promoters,” an official said.

The Registration Department asks for approval from the Directorate of Town and Country Planning or the authority concerned and now it has included RERA registration, the official said.

According to a document writer here, the Department is not registering documents if the RERA registration is not there. This order has come without any prior announcement and hence affecting consumers as they were not prepared for it. Now, they need to postpone registrations and wait for the RERA registration.

K. Kathirmathiyon, secretary of Coimbatore Consumer Cause, said according to the instructions given by the Department, “Where the area of land proposed to be developed exceeds 500 sq.mt. or the number of apartments proposed to be developed exceeds eight, inclusive of all phases, registration with RERA is mandatory for registration of the documents.”

This instruction was implemented all of a sudden, without any prior information or notification to the public. Registration of documents can be refused only if notified u/s 22A of Registration Act – as documents opposed to public policy and registration of unapproved sites is specifically banned under Section 22A of the Act. But, there is no provision in the Registration Act for mandatory RERA Registration.

Mr. Kathirmathiyon said if the total land developed exceeded 500 sq. mt (5,380 sq.ft), registration under RERA was mandatory. It meant all layouts needed to be registered, since 5,380 sq. ft meant normally more than just two sites. When the sites in approved layout were purchased, it was a one-time transaction between the promoter and the buyer. Hence, there should not be a need to ask for RERA registration. And, to regularise unapproved sites, the government had the regularisation scheme, he pointed out.

  • Earlier this year, Lodha Group had signed a deal with third party logistics firm Flyjac Logistics, a subsidiary of Hitachi Transport System Group, to sell a 22.3 acres land parcel at the Palava industrial park

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BENGALURU: Real estate developer Lodha Group on Thursday said it has closed a deal with an affiliate of Morgan Stanley Real Estate Investing (MSREI) to develop 1.9 million square feet at Palava Industrial and Logistics Park (PILP) near Mumbai. It will build Grade-A warehousing facilities across 72 acres with an investment of ₹600 crore.https://b0e7e744b5f0bd8fa9920c6382006dd5.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

The Mumbai-based group will be the development manager for the project, and will be responsible for leasing, project development, and asset management.SIMILAR STORIES

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“Our marquee acquisitions and key partnerships for PILP have helped us establish a solid track record in the logistics sector. Through this formidable collaboration, we will leverage our development expertise along with MSREI’s industrial know-how as we expand and enhance the best-in-class industrial park. These are exciting yet crucial times for us as we expect more such strategic partnerships in the near future,” said Shaishav Dharia, chief executive, townships and rental assets, Lodha Group.https://b0e7e744b5f0bd8fa9920c6382006dd5.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

PILP is part of the 4,500-acre Palava city, its largest mixed-use development project.

Vineet Sekhsaria, executive director and head, MSREI, India, said: “We believe Palava will soon become the most strategic location for logistics and industrial development in western India. Given excellent infrastructure with multiple connectivity routes to the city and upcoming trans harbour sea-link, Palava will have benefits, unlike other locations.”

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