RERA, short for Real Estate Regulatory Authority, is a regulatory framework in India that aims to protect the interests of homebuyers and promote transparency in the real estate sector. Registration is a mandatory requirement for real estate projects. It requires developers to provide detailed information about their projects, such as project status, layout plans, approvals, and financial details. The registration process involves submitting necessary documents and paying the prescribed fees to the respective state's RERA authority. Registration ensures that developers comply with regulations, deliver projects on time, and protect the rights of homebuyers. It provides transparency and accountability, fostering trust between developers and buyers in the real estate market.
Procedure to apply for
RERA registration is a state-wise registration process and varies from state to state.
The process is online and can be applied for from the official website of the state in which the registration is applied for.
Promoters and real estate agents must submit the necessary documents, along with an application for registration, to their respective states' Regulating Authorities.
The RERA Act applies to all Indian states.
The RERA registration process begins with submitting the form to the appropriate state authority, along with the necessary details and documents.
Individuals and businesses that buy and sell real estate must register with RERA.
The registration process involves filing the form with the respective state authority along with the requisite details and documents.
The applicant will be provided with an opportunity of being heard before the authority rejects the application.
The authorities must issue the RERA registration number and certificate within 30 days of the registration date.
The RERA registration fees differ by state.
Once registered, use the RERA number assigned to you and the project for all future correspondence.
Documents are Required for the Registration
- PAN card.
- Particulars of registration including bye-law.
- Memorandum of Association.
- Articles of Association.
- Self-attested copy of address proof.
- Copy of the legal title deed.
- Building plan.
- Commencement certificate.
- Sanctioned plan.
- Layout approval plan.
- NOC from the concerned authority.
- Details on the projects that have been launched in the last five years.
- Details of the ongoing projects.
- Details of the project land.
- Details of the promoter.
- Details of the real estate agent.
- Details of the architect.
- Details of the structural engineer.
- Details of the contractor.
- Details of the project's bank account
Frequently Asked Question
RERA approved refers to a real estate project that has been registered with the Real Estate Regulatory Authority (RERA) of the respective state. This registration ensures that the project complies with all the regulations and guidelines set by RERA, which aims to protect the interests of homebuyers and promote transparency in the real estate sector.
The RERA agent registration in Tamil Nadu varies depending on the type of registration and the duration of validity. It is important to note that failure to register with RERA can result in penalties and legal consequences.
RERA registration provides credibility and trustworthiness to agents, as it ensures compliance with regulations and promotes transparency in the real estate sector. Additionally, registered agents have access to a wider range of potential clients and opportunities for business growth.
RERA is applicable in Tamil Nadu and all other states in India. It aims to protect the interests of homebuyers and promote fair practices in the real estate industry.