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Rajasthan Real Estate Regulatory Authority (RERA), in partnership with MSTC Ltd, has launched e-auctions of properties attached from defaulting real estate developers. The initiative, approved during RERA's 21st meeting, leverages MSTC's government-backed e-auction platform to ensure transparency and speed in property auctions. The process aligns with Section 40 of the Real Estate (Regulation and Development) Act, 2016, enabling recovery of penalties, interest, and compensation. Supporting regulations under Rajasthan RERA Rules, 2017, and 2024 updates, provide clear execution guidelines. Additionally, a revised fee structure effective June 1, 2025, was approved: registration fees for farmhouse schemes are reduced to INR 3 per sq. m., while residential, institutional, and industrial projects remain at INR 5 per sq. m. The move highlights Rajasthan RERA's push towards digitisation and efficiency, enhancing compliance enforcement and streamlining property transactions in the state's real estate sector.
In partnership with MSTC Ltd, a government-owned e-commerce platform under the Ministry of Steel, the Rajasthan Real Estate Regulatory Authority (RERA) has started holding e-auctions for properties attached from defaulting real estate developers. This initiative aims to streamline the enforcement of compliance and facilitate timely recovery of dues. Advertisement
The decision to engage MSTC on a contract basis was unanimously approved during RERA's 21st meeting, held earlier this month. The authority recognized the efficacy of MSTC's e-auction software, which is extensively used by various government departments for transparent and efficient online auctions. By leveraging this platform, RERA seeks to modernize its recovery processes and reduce the time and complexity traditionally associated with property auctions.
This action is being undertaken under Section 40 of the Real Estate (Regulation and Development) Act, 2016, which empowers RERA 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 the same meeting, RERA approved a revised fee structure effective from June 1, 2025. The standard registration fee for farmhouse schemes has been lowered to INR 3 per square meter of the total project area, making it more affordable compared to other project types. For comparison, residential, institutional, and industrial projects will continue to pay INR 5 per square meter for both registration and standard fees.
This strategic partnership between RERA and MSTC marks a significant step towards modernizing the real estate regulatory framework in Rajasthan. By adopting digital solutions and revising fee structures, RERA aims to enhance transparency, efficiency, and accessibility in property transactions and compliance enforcement.
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