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ARTICLE
According
to Subsection 1 of Section 3, no promoter is allowed to advertise, market,
book, sell, or offer for sale any plot, apartment, or building in any real
estate project without registering it with the Real Estate Regulatory Authority
established under the Act.
Section 2 (zh) defines "planning area" as an area designated by the
appropriate Government or competent authority for planned development. This
includes planning areas, development areas, local planning areas, regional
development plan areas or any other area specified by the appropriate
Government. It also encompasses any area designated by the appropriate
Government or competent authority for future planned development under the Town
and Country Planning law in force at that time.
Please note that these restrictions are essential to ensure compliance with
RERA regulations and protect buyers' interests.
