Vijayawada: Andhra Pradesh real estate regulatory authority (APRERA) in-charge chairman and municipal administration principal secretary S Suresh Kumar has cautioned public against purchasing flats in the apartments or plots in layouts which were not registered with the AP RERA. He said that such purchases would land prospective buyers in trouble.“It has come to our notice that some developers/promoters/builders are collecting advance payments from buyers under the guise of ‘pre-launch’ activities for proposed real estate projects prior to obtaining registration with APRERA. It has also been observed that some real estate agents are involved in marketing such pre-launch projects. As per section 3 of the Real Estate (Regulation and Development) Act, 2016, no promoter shall advertise, market, book, sell, offer for sale, or invite persons to purchase any plot/apartment/building in any real estate project without registering the project with APRERA. Further, as per Section 10 of the Act, no real estate agent shall facilitate the sale or purchase of any plot/apartment/building in a project that is not registered with APRERA,” said Suresh Kumar. He asked all developers/promoters/builders and real estate agents to refrain from engaging in any financial transactions or promotional activities with buyers in the name of ‘pre-launch’ for unregistered real estate projects. He said that any violation will attract strict legal action by APRERA under the provisions of the Act. “Buyers may contact the APRERA helpdesk for information on specific projects or to seek redressal for issues such as delay in possession, poor construction quality, or other grievances,” said Suresh Kumar.
