Andhra Pradesh RERA Advises Against Unregistered Flats, Plots
VIJAYAWADA: S Suresh Kumar, the in-charge chairman of the Andhra Pradesh Real Estate Regulatory Authority (APRERA) and principal secretary of municipal administration, has issued a warning to the public regarding the purchase of flats in unregistered apartments or plots. He emphasized that such transactions could lead to significant issues for buyers. “We’ve observed that certain developers and builders are soliciting advance payments from potential buyers under the false pretense of ‘pre-launch’ activities for projects that lack APRERA registration. Additionally, some real estate agents are promoting these unregistered pre-launch projects. According to Section 3 of the Real Estate (Regulation and Development)…