RERA Registration (Project & Agency)
What Is RERA Registration?
RERA Registration refers to the mandatory registration under the Real Estate (Regulation and Development) Act, 2016, for real estate projects and agents operating in India. The act aims to protect homebuyers, boost transparency, and establish accountability within the real estate sector.
- RERA Project Registration is required for developers undertaking residential or commercial projects with a plot area exceeding 500 square meters or involving more than eight apartments.
- RERA Agent Registration is mandatory for real estate agents facilitating property transactions under RERA-compliant projects.
Types of RERA Registration
- Project Registration: For developers and builders involved in new or ongoing real estate projects.
- Agency Registration: For real estate brokers or agencies mediating sales and purchases of RERA-registered projects.
Significance of RERA Registration
- Transparency: Promotes clear disclosures about project details, timelines, and approvals.
- Accountability: Ensures developers and agents adhere to commitments and deliverables.
- Legal Protection: Provides buyers with recourse in case of disputes or delays.
- Market Trust: Builds credibility among buyers, agents, and developers.
- Timely Completion: Discourages delays through penalties and accountability measures.
- Fair Transactions: Protects both buyers and sellers from fraud or unethical practices.
Documents Required for RERA Registration
For Project Registration:
- PAN card of the builder/developer.
- Title deed and other ownership documents of the project land.
- Encumbrance certificate.
- Project layout plan and building sanction plan.
- Project location details.
- Promoter's profile and past project details.
- Construction schedule and estimated completion date.
- Audited balance sheet of the promoter.
- RERA application form with requisite fees.
For Agency Registration:
- PAN card and Aadhaar card of the agent.
- Address proof of the agency/office.
- Details of previous real estate dealings.
- Passport-sized photographs.
- Copy of the registration certificate of the firm (if applicable).
- RERA application form with requisite fees.
Process of RERA Registration
For Projects:
- Create an Account: Register on the official state-specific RERA portal.
- Submit Application: Fill out the project registration form and upload required documents.
- Pay Fees: Pay the prescribed fee online.
- Verification: The RERA authority verifies the application and documents.
- Approval: Receive a unique RERA registration number if all requirements are met.
For Agencies:
- Sign Up: Register as an agent on the state-specific RERA portal.
- Complete Form: Fill out the application with agency details.
- Attach Documents: Upload the necessary documents.
- Fee Payment: Pay the registration fee online.
- Certification: Upon approval, receive the RERA agent registration certificate.
Eligibility for RERA Registration
Project Registration:
- Applicable to residential and commercial projects exceeding specific plot or apartment limits.
- Renovation or repair projects without new marketing or sales are exempt.
Agency Registration:
- Any individual or agency acting as a property mediator must register under RERA.
Cost of RERA Registration
- Project Registration Fee: Varies by state and project size (e.g., ₹10 per square meter in some states).
- Agency Registration Fee:
- Individuals: ₹5,000–₹25,000 (state-specific).
- Companies/Agencies: ₹50,000–₹2,50,000 (state-specific).
How to Check RERA Registration Status?
- Visit your state’s official RERA portal (e.g., MahaRERA, UP-RERA).
- Go to the "Registered Projects/Agents" section.
- Enter the registration number or name of the project/agent.
- View the current status and details.
Why Choose My Startup Solution for RERA Registration?
- Expertise: Comprehensive understanding of RERA regulations and processes.
- Hassle-Free Service: End-to-end support for document preparation, application, and follow-ups.
- State-Specific Assistance: Expertise in handling registrations across all Indian states.
- Timely Updates: Regular updates on the status of your registration.
- Cost-Effective Solutions: Affordable services tailored to your needs.
- Legal Support: Guidance in case of disputes or compliance issues.
Why RERA Registration Is Important?
- Compliance: Ensures adherence to legal mandates, avoiding penalties.
- Buyer Confidence: Builds trust and attracts potential buyers.
- Dispute Resolution: Provides a robust mechanism for addressing complaints.
- Ethical Practices: Promotes transparency and fairness in real estate transactions.
- Improved Credibility: Enhances the reputation of developers and agents.