Simple Steps of How to Get RERA Registration

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.

 

Comment

  1. 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.

  2. We make a society with 12 menbers for making Ground plus 3 floors with 12 floots. Are we required to regustred with RERA.

  3. 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..

    1. 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

  4. 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

    1. 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

    2. 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

  5. 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.

  6. 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

  7. 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?

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