Kerala Rera Project Extension
RERA authority has the discretionary power to extend the registration period granted to a project under RERA. The RERA authority may, on the basis of the facts of the case, may extend the registration granted to a project, where the delay in the particular project is not due to default on the part of the promoter. However, in any circumstance, such extension shall not exceed a period of one year.
1) The registration granted under section 5 of the act may be extended as per section 6 of the act on an application made by the promoter in Form 'E' which shall not be less than three months prior to the expiry pf the registration granted
2) The application for extension of registration shall be accompanied with a demand draft drawn on any scheduled bank, for an amount equivalent to half the registration fee as prescribed under sub-rule (4) of Rule 3 aling with an explainatory note setting out the reasons for delay in the completion of the project and the need for extension of registration for the project, along with documents supporting such reasons:
Provided that where extension of registration is due to force majeure the authority may at its discretion waive the fee of extension of registration fully or by part.
3. Extension of registration of the project for such time as it considers necessary which shall, in aggregate, not exceed a period of one year.
4. In case of extension of registration, the authority shall inform the promoter about the same in Form 'F' and in case of rejection of the application for extension of registeration the authority shall, after giving an opportunity to the applicant to be heard in the matter as per second proviso of section 6, inform the promoter about the same in Form D