Get your project registered under RERA starting from ₹ 35,000/-
Get Started By paying Rs. 35,000/-
Introduction
RERA was introduced in 2016 and came up with an act Real Estate (Regulation & Development) Act 2016 which aimed to protect the interest of the home buyers and regularize investment and promotion in real estate industry in India and at the same time have a mechanism for speedy dispute redressal.
Under the Act, Regulatory authorities for RERA are established at the state level for regulation of the real estate sector and to manage all the registrations and approvals related to registration of the commercial and residential projects. Registration under RERA is applicable to the real estate agents and projects
Advantages of RERA Registration
Right to Information
Builder responsible for any default
No delay in projects
Advertisement of Projects
Eligibility for Registration
- Commercial or residential land of over 500sq m.
- Commercial or residential real estate having more than 8 apartments.
- Agents engaged in selling / purchasing of properties.
Documents required to register an on-going project
- Copy of PAN card, Aadhaar card and photograph of Promoter/Partners.
- Past Executed / Ongoing Project Experience In Last Five Years.
- Development plan
- Project details such as the layout, location, price and sanctioned plan of the project.
- Audited financial statements and Income Tax Returns (ITR) of the last 3 years.
- Title Deed along with the chain of title.
- Details of the contractor, Structural Engineers, Architect and Plumbing Consultant.
- Ownership documents such as proforma of the Allotment Letter, Conveyance Deed and Sale Agreement.
- Details of construction technology type, designing standards, resistant measures in case of uncertain events etc.
Documents required for Real Estate Agent Registration
- Copy of PAN card of the real estate agent.
- Copy of Aadhaar card.
- Copy of the address proof.
- Photograph of Agent.
Process of Shop and Establishment Registration
Complete the Application Form
Filing of Application
Document Processing
Issuance of Certificate
Exceptions of RERA Act
- Where area of land proposed to be developed does not exceed 500 sq m or number of apartments proposed to be developed does not exceed eight, inclusive of all phases. While the central government provides for these minimum area requirements the local governments can change the area requirements to conform to the Act, if required such minimum area threshold can be revised even lower.
- Where promoter has received completion certificate for Real Estate Project prior to commencement of Act.
- For purpose of renovation or repair or re-development which does not involve marketing, advertising, selling or new allotment of any apartment, plot or building, under real estate project.
FAQs on RERA Registration
RERA stands for Real Estate Regulatory Act 2016. It is an act which comes into force to protect real estate buyers from fraud and scams.
RERA is a state Act and the minimum fee requirement is according to the states. In Rajasthan broker’s fees for registration under RERA is Rs. 10,000 as an individual and Rs. 50,000 of other than individual.
RERA came into force with the objective of providing relief to the buyers from the malpractices of unfair builders. RERA Act, 2016 specifies certain norms for building and development of real estate which will enhance the transparency in transactions in the real estate sector.
Registration under RERA can be revoked, if RERA receives any complaint against the developer and is satisfied that the Developer has not complied with the rules under the Act, or has violated the terms and conditions of approval, or is involved in unfair practices to sell, market or advertise his projects.
Registration under Real Estate Act 2016 is mandatory for all commercial and residential real estate projects where the land is over 500 sq m, or eight apartments, to register with the Real Estate Regulatory Authority (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution.
RERA registration is mandatory for the builders or constructor or developer for the construction or development of any residential or commercial project where the area of land proposed to be developed exceeds 500 sq m or the number of apartments proposed to be developed exceeds 8 inclusive of all phases.
No, RERA does not cover rental agreement.
RERA covers all residential as well as commercial projects, including shops, offices and buildings.