(As per “Gujarat Real Estate (Regulation and Development) Rules, 2017)
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As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) read with Rule 3 of above rules, every promoter shall get the eligible real estate project, registered with RERA authority before sale/promotion/advertisement/booking etc.
The application for registration of such Real Estate Project shall be made in writing along with declaration, as prescribed in Rules, in triplicate.
Government Fees:
The promoter shall pay a registration fee at the time of application for registration by way of a demand draft or a banker’s cheque drawn on any scheduled bank or through online payment mode, as the case may be, for a sum calculated at the rate of-:
- In case of Group Housing project
- 5 per square meter for projects where the area of land proposed to be developed does not exceed 1000 square meters; or
- 10 per square meter where the area of land proposed to be developed exceeds 1000 square meters, but maximum to Rs. 5 Lacs.
- In case of Mix development (Residential and commercial) Project
- 10 per square meter for projects where the area of land proposed to be developed does not exceed 1000 square meters; or
- 15 per square meter where the area of land proposed to be developed exceeds 1000 square meters but maximum to Rs. 7 Lacs.
- In case of Commercial Projects
1. 20 per square meter for projects where the area of land proposed to be developed does not exceed 1000 square meters; or
2. 25 per square meter where the area of land proposed to be developed exceeds 1000 square meters but maximum to Rs. 10 Lacs.
- In case of plotted development projects – 5 per square meter but maximum Rs. 2 Lacs.
Documents Required for RERA Registration
- Authenticated copy of the PAN card of the promoter;
- Audited balance sheet of the promoter for preceding financial year.
- Income Tax Returns of the promoter for 3 preceding financial years
- The number of open parking areas available in the real estate project;
- Authenticated copy of the legal title deed reflecting the title of the promoter to the land on which development of project is proposed along with legally valid documents for chain of title with authentication of such title;
- Details of encumbrances on the land on which development of the project is proposed including details of any rights, title, interest, dues, litigation and name of a party.
- Where the promoter is not the owner of the land on which development of project is proposed details of the consent of the owner of the land along with a copy of the collaboration agreement, development agreement, joint development agreement or any other agreement, as the case may be, entered into between the promoter and such owner and copies of title and other documents reflecting the title of such owner on the land on which project is proposed to be developed;
- Name, photograph, contact details and address of the promoter if it is an individual and the name, photograph, contact details and address of the chairman, partners, directors, as the case may be, and the authorised person in case of other entities
- Any other information and documents as may be specified
Validation of Registration
The validation of registration shall be valid until completion of the project as given by the promoter. The registration can be extended as per the prescribed rules.
Author – Amarpal, RERA Consulting – rera@centrik.in
Note – Please note that the above article is for education purpose only. This is based on our interpretation of laws which may differ person to person. Readers are expected to verify the facts and laws.
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If a project is in joint venture and the percentage shared will be in revenue, that do the land owner has to be registered as co promoter.
How to apply for rera as society which is construction going at gidc property???
Mr Rajesh Bhanushali,
Thank you for contacting us.
Please provide your contact, so that our RERA team will contact you shortly.
For any clarification please contact us on 011-41016005
I had booked one flat just one year before by a loan of SBI.. At that time RERA was not introduced so Builder had not taken RERA registration. Though he had to take RERA registration Before 01.10.17 as prescribed in RERA Act, he had not taken the same. But As Bank had asked RERA registration of the builder to release last installment , we & many other person’s who had booked the flat by taking loan from respective bank, asked for it from Builder and builder had taken the RERA registration after asked by members. Now As per the Builder’s belief, Registration has been taken only and only to facilitate the members loan and the registration under RERA was not required to be taken by him. So now Builder is asking for equal contribution in registration fees only from those members who had purchased the flat by taking bank loan loan,
So I want to ask you who has to bear the RERA Registration fees ?and evenif it has to be paid by builder and though he asked it from Members then what steps members can take in that situation? Is there any complaints redressal system available under RERA? if there let us know and guide accordingly.
RERA registration is required by builder, if he is covered by RERA regulations.
if builder had Received BU Permission on 19-05-2017 for the project is it compulsory to take registration in RERA for the same project.
what is the charges for RERA Registration ?
It would depend on State, size, and kind of registration.