Circular No. 505
Extension of Project Registration u/S 6 / S.6.proviso of the Real Estate (Regulation and Development) Act,2016.
Circular Details
| Circular Number | 505 |
|---|---|
| Subject | Extension of Project Registration u/S 6 / S.6.proviso of the Real Estate (Regulation and Development) Act,2016. |
| Published Date | 01 Mar 2025 |
| PDF Document | Download PDF |
Full Circular Text
addition
to
the
above,
we,
the
promoters
of
the
project
________________ further assure that any shortfall in cash inflows will be met
by us and that the construction work in the project will not be paused for any
reason, except for those that are out of our control.
We hereby request you to kindly provide your consent for the proposed
extension of registration of the project ____________________ Registration
No. ___________) as required under the relevant provisions of the RERA Act,
TG RERA Rules, Regulations and relevant guidelines and directions of the TG
RERA.
Yours Sincerely,
Signature
(Name of Authorized Signatory)
Designation of the Authorized Signatory
Name of Co-Allottee:
Signature:
Contact Number:
Email Address:
Date:
Place:
Sd/Secretary
TGRERA
To
Sri/Smt.…………………………… son/daughter
address with e-mail and mobile No.)
of
…………….
(give
full
Sub: Request for Consent for extension of registration of the project
___________ (name of project with RERA Registration No.
_________________) under U/s 6 of RE (R&D), Act 2016 under Force
Majeure.
Sir/Madam,
This is with reference to our proposed application to Telangana Real
Estate Regulatory Authority for seeking extension of registration of the
project_________ (Registration No._____________________, which is being
expired on ______, under the Section 6 of the Real Estate (Regulation and
Development) Act, 2016 under Force majeure.
2.
The Section 6 of the RE (R&D) Act, 2016, manifests that, “the
registration granted under section 5 may be extended by the Authority on an
application made by the promoter, due to force majeure, in such form and on
payment of such fee as may be prescribed”.
3.
You are aware that Nationwide lock downs declared in two phases
between March 2020 to June 2021 due to our break of Covid-19 (Corona
Virus).
“In this connection the Ministry of Housing & Urban Affairs, Govt of
India issued an advisory vide office memorandum Dtd 13.05.2020, advised
the Regulatory Authorities of all states, Union Territories may in pursuance of
section 37 of RERA read with other enabling provisions in their respective
jurisdictions issue orders/directions to extend the registration for which the
completion date as per registrations expired on or after 26.03.2020 for a
period of 6 months.”
“Accordingly, under the force majeure, the TG RERA has issued orders
No.14, 15 and 16 dated 13.05.2020, 29.09.2020 and 01.06.2021, for
extending the validity of the RERA registrations which are expiring on or after
25.03.2020 for a total period of 18 months.”
5.
In this connection, we would like to inform you that our project is
entitled for extension under force majeure as per the above provisions/
orders vide above para no 2,3 & 4 for a period of ____ months/Years up to
Dt._______, but we are seeking extension for only _____Months/ year’s up to
Dt________, since _____________(Percentage of Completion) of the project is
already completed and we still ensure that the project will be completed
within the extended timelines approved by TG RERA.
6.
We are submitting all the required details of the project, i.e. Sold
and Unsold Inventory. Proposed Construction Schedule, Cash Inflow and
Outflow Projections to TG RERA: a. Construction Schedule: (Provide the present stage and the timeline for the
completion of individual towers /blocks in the project and offer of
possession to the allottees. Also provide the timeline for overall completion
of the project development work including amenities, utilities etc.)
b. Cost of Completion: (Provide either tower / block wise cost of completion
or the overall cost of completion of the project including the amenities,
utilities etc.)
c. Sources of Funding: (Kindly provide the details of how the cost to
completion will be funded Le promoter infusion of capital including upfront
payment, balance receivables from sold units, sale proceeds of unsold
inventory, project finance etc).
d. Promoter Capital Infusion: (Kindly provide the timelines of when and
how much the promoter will be infusing capital into the project, including
any project financing availed).
7.
In addition to the above, we, the promoters of the project
________________ further assure that any shortfall in cash inflows will be met
We hereby request you to kindly provide your consent for the
proposed extension of registration of the project ____________________
Registration
No. ___________).
Yours Sincerely,
Signature
(Name of Authorized Signatory)
Designation of the Authorized Signatory
I/We, Allottee(s) of Unit No. _________________have fully understood
the proposed completion plan of the promoter and do hereby provide
my/our consent to the promoter for seeking extension of registration of the
project _________________ (Registration No.__________________ ). I/We further
hereby undertake to abide by the provisions of the Act and Rules
thereunder.
Block/Tower No :
Unit No
:
Name of Allottee:
Signature:
Contact Number:
Email Address:
Date:
Place:
Name of Co-Allottee:
Signature:
Contact Number:
Email Address:
Date:
Place:
Secretary
Sd/-
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