In a significant move to enhance transparency and accountability in the real estate sector, the Union Territory of Jammu & Kashmir has mandated the registration of all real estate projects, both new and ongoing, with the Real Estate Regulatory Authority (RERA).
The decision, aimed at safeguarding the interests of homebuyers and investors, underscores the administration's commitment to promoting a fair and regulated real estate market in the region.
Under the new regulation, developers and promoters of real estate projects in Jammu & Kashmir are required to register their projects with RERA, providing comprehensive details about the project's specifications, timelines, financial aspects, and regulatory approvals.