Realtors get notices for selling plots without registering projects

Realtors in Punjab are receiving notices for selling plots without registering their projects, violating real estate regulations. This action by authorities aims to curb unauthorized constructions and ensure compliance with the Real Estate (Regulation and Development) Act (RERA). Project registration is mandatory to protect homebuyers' interests, ensuring transparency and accountability from developers. The notices serve as a warning to unregistered realtors, with potential penalties for non-compliance. This crackdown is part of a broader effort to bring order to the real estate sector and safeguard consumer investments.