Rajasthan RERA to e-auction attached properties, ropes in MSTC
:
Rajasthan Real Estate Regulatory Authority
(RERA) started the process for e-auctions of attached properties by roping in the MSTC Ltd, under the Ministry of Steel. The authority took the decision of using the e-auction software of MSTC, widely used by govt departments, as it seeks to enforce compliance and ensure timely recovery from defaulting real estate developers.
The decision to engage MSTC on a contract basis was unanimously approved during the 21st meeting of the Authority on May 15. The auctions will be conducted in accordance with the Rajasthan Transparency in Public Procurement (RTPP) Rules.
Advocate Mitesh Rathore stated, "Previously, recovery was treated as arrears of land revenue and required sending recovery certificates to the concerned collector, a process that was lengthy and cumbersome. With MSTC now on board, RERA can execute recoveries directly through streamlined e-auctions."
This action will be taken under Section 40 of the Real Estate (Regulation and Development) Act, 2016, which empowers the authority and the adjudicating officer to recover penalties, interest, or compensation through mechanisms similar to the recovery of land revenue and civil court decrees.
The minutes of the meeting state that Rules 25 and 26 of the
Rajasthan RERA
Rules, 2017, along with the 2024 Regulations, provide detailed procedures for executing orders passed by the authority and the adjudicating officer.
"In cases of persistent non-compliance by promoters, attachment and auction of properties have become key enforcement tools. The authority has also approved the auction modalities, payment mechanisms, service charge structure, and system integration with the RERA 2.0 portal," the minutes read. The registrar has been directed to initiate necessary steps for executing the engagement and operationalising the auction process in coordination with MSTC.
In the same meeting, RERA also approved a revised fee structure effective June 1, 2025. The standard registration fee for farm house schemes has been lowered to Rs 3 per sq metre of the total project area, which is lower than the fees for other project types.
For comparison, residential, institutional, and industrial projects will continue to pay Rs 5 per sq metre for both registration and standard fees. Meanwhile, commercial and mixed-use projects will have a higher standard fee of Rs 10 per sq metre, with Rs 5 per sq metre as the registration fee.
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