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Is it legally mandatory to obtain RERA approval for all plotted developments larger than 500 sq. meters? What are the consequences for the developer and buyer if approval is not obtained? Is it safe to buy a fully developed plot that is ready for registration but does not have RERA approval?
Yes, RERA approval is mandatory for plotted developments over 500 sq. m. If not taken, the builder can face heavy fines or legal action. Buyers also risk getting into legal or resale issues. Avoid buying plots without RERA approval, even if fully developed. For further legal assistance contact us on our helpline number.