Until May 2016 there were proposed bills for regulation and promotion of the real estate sector to ensure fair deal between buyers and sellers in a more transparent manner. In May 2016 Parliament enacted an Act Known as Real Estate (Regulation and Development) Act, 2016 which has come in force with all its 92 sections from 1st of May 2017 across India. According to that Act every promoter and agent selling property in different states of India has to first get their projects registered with that State RERA Authority. So far, 14 states and Union territory such as Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Gujarat and Bihar have notified their rules with RERA and many others have issued draft which is yet to be notified.
The Intention for the implementation of RERA is to make Builders more accountable for the timely delivery of the projects and to protect buyers from fraud sellers. For that purpose RERA Authorities has prescribed a simple and transparent procedure for registration of Real Estate Projects and Agents.
Here is the bird-view of Registration process under RERA Act:
Registration of Projects under RERA
All commercial and residential real estate projects will have to register by submitting documents along with the prescribed fees except in projects where:
- The promoter has received completion certificate of the project prior to commencement of Act
- The area of land proposed to be developed does not exceed 500 sq. mt
- The number of apartments is not more than 8
- Any repair or renovation of an existing building or structure that does not require marketing, advertising and selling of any apartment or plot
Documents required for registration under RERA
The following documents are required to be submitted in triplicate:
- PAN Card of the builder
- ITR of last 3 years and the balance sheet of the builder
- Builder must clarify about the apartment (carpet area, number of floors, parking space)
- Declaration by the builder of having legal title of the land with proof
- Details of the land (rights, title, mortgage)
- If the builder is not the owner of the land, the consent letter of the actual owner with documents will be required
- Details of the project (location, sanctioned plan, layout plan)
- Ownership documents (proforma of allotment letter, agreement of sale)
- Information of the persons involved (Architects, Engineers and others)
Registration Process for Real Estate Agents
- File an application form along with fee and documents to get registered with RERA
- You will receive a registration number from the regulator. This need to be mentioned in every property sale
- On a quarterly basis, you are required to maintain the books of account, records and documents related to the transactions
- Share all the information and documents about the project with the buyer
- Agent may be suspended for the misrepresentation or fraud during the registration process.
Further the center has clarified through a press release that the Promoters and agents are required to get their on-going projects registered with 3 months of the Act applies i.e. 31st, July 2017. Also Non Registration of Projects will attract heavy penalty under RERA Act.
Note – Please note that the above article is part of our continuous research on the related matters. It is based on our interpretation of related regulations which may differ person to person. Readers are expected to take expert opinion before relying on above.
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I am a real estate agent, my firm is proprietor ship firm , i have already registered my firm name and got user id and pw from maharera site. Now further what i have to do to get rera registration No.
how to registered our project in rera ,kindly give me your contact number.
please contact us at rera@centrik.in or call us at 8383011629
Please advice the entire process to get a Rera registration number for property agents along wity list of documents and charhges. Also want to know the validity.
Please speak to our expert 8448487143
I want to apply tera agent registration
Please mention the detail time required for RERA Registration
As per RERA regulations, the application for RERA regisration shall be approved or disapproved within 30 days of filing.
detail procedure, documents required and Government fees For Agent and Builder for RERA registration
Dear Prajakta, Every State has a separate set of form, procedure, and fees for RERA registration. Please put query on rera@centrik.in for know about your State.
We make a society with 12 menbers for making Ground plus 3 floors with 12 floots. Are we required to regustred with RERA.
Yes, Mr. Jitender, if the size of land area is more than 500 Sq. mtrs or no. of flats are more than 8. You are required to get RERA registration.
For more details, please mail us at rera@centrik.in
Myself newly formed property consultants , can i go for rera registration.
yes, you can register under RERA with the State where you want to practice.
I am a real estate agent, should i register under RERA and if i register is it necessary to mention every sale that i do ?
I built a new project of 8 flats and 2 shops and my own land of 310 sq.mtrs then I required rera registration or not please guide me..
As per given fact and preliminary reply, you shall not be liable for RERA registration until and unless Respective State requires you to get registration. For complete details, please contact our rera team at rera@centrik.in
I HAVE CONSTRUCTED BUILDING CONSISTING 15 FLATS ON 650 SQMT PLOT AT VILLAGE VABHAVE VAIBHAVWADI SINDHUDUGA MAHARASHTRA.
THE WORK STARTED IN 2011 WITH PLAN APPROVAL FROM GRAMPANCHYAT AND PRANT ADHIKARI(SD0) AND PROJECT COMPLETED IN 2013.
I HAVE WRITTEN LETTER TO GRAMPACHYAT IN 2013 FOR COMPLETION OF WORK AND GIVING ASSESSEMENT CERTIFICATE BUT TILL TODAY I HAVE NOT RECEIVED ANY CORRESPONDENCE . NOW THE VAIBHAVWADI HAS BECOME NAGAR PARISHAD.
1.I HAVE NOT RECEIVED ANY LETTER FROM GRAMPACHYAT TILL TODAY.SHALL I TREAT THAT IT IS APPROVED ASPER GRAMPACHAT ACT.
2.WHETHER I HAVE TO REGISTER FORM RERA.
3.OUT OF 15 FLATS I HAVE SOLD 7 FLATS.AND OUT OF IT 5 BUYERS HAVE TAKEN POSSESSION ALREADY AND 2 BUYERS ARE STILL TO PAY INSTALMENT THUS POSSESSION IS NOT GIVEN TO THEM.
4.THE 2 BUYERS HAVE COMPLAINT THAT THE PROJECT IS NOT REGISTERED.
PLS GIVE YOUR ADVISE.
REGARDS
PANKAJ SATAM
IF you have not received the occupation certificate or completion certificate, then the project would fall under “on-going project” for RERA and shall be required to get registered. For more information, please mail us at rera@centrik.in
yes you have to registered under RERA. the simple logic apply if OC CC not received then you have to apply under RERA
Any other query you can connect
I HAVE DONE WITH REGISTRATION PROCESS AND EVEN WITH THE PAYMENT PART ,MY QUESTION IS AFTER COMPLETION OF THIS PROCESS FROM WHERE U GET A REGISTRATION NUMBER AS I AM UNABLE TO FIND IT ON WEBSITE SO.
Please tell us in which state you have done the registration, then only we can reply accordingly as RERA websites of different states have a different user interface.
Plot send form of rera act I am registered act
Please clarify your concern in detail so that we can help you.
how much time to get RERA Certificate after submiting all the documents and fees?…..
As per Act, the certificate or objection shall be received in 30 days of submission of file.
If I am a developer investing money only and I have my gst registration number and land owner is another person on 60/40 percent I m constructing the building. Now in my percent I am getting only 5 flats and 2 shops I need to do the rera registration plz reply
RERA registration is based on the project, but by promoter. Hence you have to take RERA registration for whole project. For more details, please mail rera@centrik.in
if I want to register only land for further sale, shall rera applicable for me? if yes then how to register it, is there another form for land sale only?
If the area is more than 500 qr mtrs and the purpose is to sell further, then RERA would be applicable. For more details, please send your details at rera@centrik.in
I HAVE DONE WITH REGISTRATION AND PAYMENT ALSO PAID , AFTER COMPLETION OF THIS PROCESS, WHEN I GET REGISTRATION NO. PLS RPLY
Can’t reply due to lack of complete facts.
Hi,
May i know if the bank account should be on thr name of Project/Bldg or it can be on the developer’s firm.
Kindly suggest
Thanks
http://www.tnrera.in/reg_agent.php
To become the RERA registered agents pls click the above link
I submitted the registration application of Maha RERA as Agent – Other than Individual.
After scrutiny , Maha RERA mailed the error to upload the ITR of company and not individual .
Query- Company is in existence for less than a year therefore, no ITR.
What can be done?
i want to register my rera number may i know the procedure how to register what all are the document i need for that.and how much i need to to pay for that and in how many days i will get my rera number.
I am holding an ansector property that has been gift deed by mother and i have to split the property equally between my brother ,sister and my mother the total extent is 563 sq meter after giving away 20feet road and park to muncipality do i have to get the rera registration i am not a developer or builder , since i saty far away i want to sell the plots and divide the share . i recieved notice from tnrera sub not applied for registration, ?
RAMESH MUTHUKRISHNAN, you can drop your query at rera@centrik.in or you can discuss your query with us at: 8383011629
I Ashok Pradhan taking a plot for j v and I am doing construction of building as a second party from 8 years I want to do my own project I don’t know how to do it so please help me for doing j v project in Pimpri chinchwad
Pls send your query at support@centrik.in or call us at +91-8448487143
We are a private limited company and the land is in the name of the company and we are going to develop the land to PLOTS and applied for CMDA, Chennai. We are going to sell the PLOTS only. shall we need to register RERA? please clarify.