Bengaluru: Under Real Estate Regulatory Authority Act (RERA), 780 projects which are under construction are not registered yet.

Most of such projects are in Bengaluru Rural and Urban districts. Dakshina Kannada, Mysuru and Hubballi-Dharwad are respectively in next positions. RERA authority has decided to take action against developers (builders) and promoters.

The complete details about the unregistered projects have been published on their website and the further investigation is on. So, if anybody deals with these promoters, the customers only are responsible at the end, the authority sources said. Pertaining to Section 2 of the RERA Act, the Mumbai High Court has given a clear judgement in this regard.

The RERA Act will put a break for the misappropriations in the name of the real estate and it will take care of the customers who invest in this sector. The court order clearly mentioned who and all should register their project under the Act. It allows imposing of 10 percent of project cost as fine on housing cooperative societies if they break the rules. They may also get a punishment of one and three years. Real estate agents too come under the Act, said an official.

Many people who purchased houses, flats or sites and were cheated by the middlemen, submitted complaints to the authority. If anyone gets cheated by investing in a registered project, RERA would give protection for them. The policies of RERA would help to maintain transparency, time limit and sincerity.

Without registering the projects under RERA Act, developers cannot sell the project. Meanwhile, the authority has given an exemption for the projects wherein 60 percent construction is already over.