ANDHRA PRADESH REAL ESTATE REGULATORY AUTHORITY
Under section 3(1) of the Act, No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building in any Real Estate Project without registering the Real Estate Project with the Real Estate Regulatory Authority established under the Act.
After registration of the Project, the promoter can advertise his/her project via any sort of media like brochures, pamphlets, etc. Advertisements published for inviting buyers for the purchase of apartment/plot, shall be truthful and based on the facts as have been revealed to the authority and strictly no exaggeration or misinterpretation which may create a biased impression in the minds of the buyers about the property they are interested to buy. As per the section 12 of the Act, if any person affected by such incorrect or false statement, intends to withdraw from the proposed project, he shall be returned the investment with interest.
Under section 11(1)(a) and (2) of the Act It is compulsory for the promoter to mention the registration number of the project provided by the authority on the website as well as on any advertisement. The promoter must display the “RERA REGISTERED” details in all their advertisements. (Please look at the Annexure-A for guidelines of display). By failing to do so they are liable for further penalties under the Act.
Under section 11(2) of the Act a copy of the prospectus or brochure or any pamphlet vide which an information relating to the project is sought to be conveyed to the allottees of the apartment or prospective buyers of the apartment/plots shall be submitted to the authority as soon before print/circulate.