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Property Related Laws Goa Ministry of Housing and Urban Affairs Real Estate (Regulation and Development) Act, 2016

Filing correct details of landowner(s) under Project Registration Details Menu (Promoter's page) for registration of real estate projects under Joint Development Agreement (JDA) route

21-Aug-2023 | F.No:1/RERA/Circulars/2019/830

Goa Real Estate Regulatory Authority has issued a circular pertaining to the accurate filing of landowner(s) details under the Project Registration Details Menu (Promoters page) for registering real estate projects under the Joint Development Agreement (JDA) route. In accordance with the Circular, the following directions apply: (a) All promoters / land owners who have previously registered their projects under the Joint Development Agreement route with Goa RERA are instructed to update the accurate details of the land owner(s) on the promoter's page. (b) All prospective promoters / land owner(s) of real estate projects under the Joint Development Agreement route are required to file correct details of the land owner(s) on the promoter's page. It is important to note that as per the provisions of section 2(zk) of the Real Estate (Regulation and Development) Act, 2016, the land owner is considered a promoter in addition to the Promoter / Investor of the real estate project for the purpose of selling buildings, apartments, flats, or plots to the general public. Furthermore, the explanation to the aforementioned section stipulates that if the person who constructs or converts a building into apartments or develops a plot for sale and the person who sells apartments or plots are different individuals, both parties are jointly liable for the functions and responsibilities outlined in the Act or the rules and regulations associated with it. In light of the above, the land owner is regarded as a promoter of a real estate project under the Joint Development Agreement, in addition to being considered a Promoter / Investor of the project for the sale of buildings, apartments, flats, or plots to the general public.

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