The Andhra Pradesh Real Estate Regulatory Authority (APRERA) conducted an extensive awareness programme in Ongole to educate stakeholders about the provisions and implementation of the Real Estate (Regulation and Development) Act, 2016 (RERA). The initiative aimed to improve awareness about legal compliance, transparency, accountability, and investor protection within the real estate sector.
The programme witnessed participation from project promoters, real estate agents, engineers, architects, chartered accountants, town planning officials, and investors, highlighting APRERA’s commitment to strengthening regulatory compliance and promoting responsible real estate development across Andhra Pradesh.
APRERA Emphasises Importance of RERA Compliance
Addressing the gathering, APRERA Chairperson Are Siva Reddy, along with Director GVGS Prasad and other authority members, explained the key provisions of the RERA Act and the responsibilities of various stakeholders.
The Chairperson emphasized that RERA has transformed the real estate sector by introducing transparency, accountability, and greater protection for homebuyers and investors. He stated that strict adherence to the provisions of the Act is essential for maintaining trust and confidence in the real estate market.
According to APRERA, compliance with the law benefits not only buyers but also genuine developers by creating a more transparent and regulated business environment.
Key Topics Discussed During the Programme
During the awareness session, APRERA officials provided detailed guidance on several important aspects of the RERA framework, including:
Project Registration Requirements
Officials explained the mandatory registration requirements for eligible real estate projects before advertising, marketing, booking, selling, or offering units for sale.
Real Estate Agent Registration
The authority highlighted the legal obligation for real estate agents to obtain APRERA registration before facilitating transactions in registered projects.
Project Extension Provisions
Participants were informed about the procedures and conditions under which project registration timelines may be extended under the provisions of the RERA Act.
Stakeholder Responsibilities
APRERA stressed that promoters, agents, consultants, and professionals associated with real estate projects must comply with disclosure norms, documentation requirements, and project timelines prescribed under the Act.
Interactive Session Addresses Industry Concerns
One of the major highlights of the programme was an interactive question-and-answer session where stakeholders raised queries on:
- Project registration procedures
- Agent registration requirements
- Extension of project completion deadlines
- Compliance obligations under RERA
- Regulatory approvals and disclosures
- Investor protection mechanisms
Chairperson Are Siva Reddy responded to these concerns in detail and clarified various compliance-related issues faced by developers and real estate professionals.
APRERA Calls for Immediate Project Registration
During the programme, APRERA urged all eligible promoters to register their projects without delay and comply with statutory requirements.
The authority reiterated that project registration is essential for ensuring transparency and safeguarding the interests of homebuyers and investors. Failure to register eligible projects may attract penalties and regulatory action under the provisions of the RERA Act.
RERA Strengthening Andhra Pradesh Real Estate Sector
The awareness programme reflects APRERA’s continued efforts to strengthen implementation of the Real Estate (Regulation and Development) Act, 2016 across Andhra Pradesh.
By engaging directly with developers, agents, professionals, and investors, APRERA aims to:
- Promote legal compliance
- Enhance transparency in project execution
- Protect homebuyers’ interests
- Improve investor confidence
- Ensure timely project completion
- Strengthen accountability in the real estate sector
As Andhra Pradesh continues to witness growth in real estate development, such awareness initiatives are expected to play a significant role in creating a more transparent, regulated, and buyer-friendly property market.
