Private agency to identify unregistered projects

Private agency to identify unregistered projects

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The Karnataka Real Estate Regulatory Authority (RERA) which is facing a big challenge of unregistered real estate projects in the state is planning to employ a private agency to identify such projects. The Authority has already advertised its requirements and has received three applications so far. The Authority is planning to launch a pilot project to identify unregistered projects by employing a private agency for a month for a fee of Rs 5 lakh. The contracted private agency will conduct a ground-level survey to identify unregistered projects and submit a comprehensive report to RERA. Only individuals or companies well-versed with total station surveys will be appointed for the purpose. A total station survey is a technical process to survey a land parcel on the basis of its latitude and longitude, using advanced GIS technology.

Initially survey or ground level inspection will be done in Bengaluru area only which may be extended to other areas later on. RERA will use the plan sanction certificates issued by BBMP (Bruhat Bengaluru Mahanagara Palike) as preliminary information and will send the surveyor to the address for physical verification.

RERA estimates that there are 1,294 unregistered projects across the state, of which over 800 are in and around Bengaluru. However, this number is growing at a rapid phase and RERA wants to curb this practice of mushrooming unregistered real estate projects by improving its surveillance mechanism. At present the Authority is dependent on newspaper reports and advertisements, websites, complaints from buyers and official records of urban local bodies to identify unregistered projects. Since these were inadequate, it is now embarking on a physical survey