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RERA Registration
RERA Registration
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RERA refers to the Real Estate Regulatory Authority, established under the Real Estate Act, 2016, to safeguard the interests of homebuyers and promote investments in the real estate sector. Its objective is to enhance transparency and accountability within the real estate industry. Each state has its own RERA with specific rules and requirements.

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RERA Registration

The Real Estate Regulatory Authority (RERA), established under the Real Estate (Regulation and Development) Act, 2016, aims to safeguard the interests of home-buyers and promote investments in the real estate sector. Its primary objective is to enhance transparency and accountability towards consumers. RERA operates within each state, governed by specific rules and requirements.
The scope of RERA encompasses all commercial and residential real estate projects, including plotted developments. Ongoing projects without Completion Certificates are also mandated to register under the Act. Such projects must be registered with the Regulator within three months.
Mandatory registration with RERA is prerequisite for real estate projects. Applications for registration are required to be processed and decided upon by RERA within 30 days from the date of submission. At Legal Suvidha, we specialize in facilitating RERA registration across various states.

The Benefits of RERA Registration

Timely Delivery Guarantee

RERA registration ensures adherence to timely delivery of the property to the buyer. Failure to meet the delivery timeline subjects the promoter or builder to liabilities such as payment of interest and penalties.

Project Details Accuracy

During registration, promoters and builders are obligated to provide precise details about the project. Any deviation from the registered particulars may attract penalties.

Advertisement Restrictions

Under the provisions of the Act, no advertisement can be published without obtaining RERA registration. Additionally, every advertisement must prominently display the RERA registration number.

Complaint Mechanism

Registered brokers and promoters under RERA have the authority to file complaints with the regulatory authority on matters related to the Act.

Documents Required for RERA Registration

Builder's PAN Card A copy of the PAN Card of the builder must be provided.
Financial Documents: a. Income Tax Returns (ITR) for the last three years. b. Balance sheet of the builder.
Apartment Details Builders are required to specify details about the apartments, including carpet area, number of floors, and parking spaces.
Title Declaration The builder must declare ownership of the land along with supporting legal documents.
Land Details Information regarding the land, including rights, title, and any existing mortgages, must be disclosed.
Consent from Land Owner If the builder is not the landowner, a consent letter from the actual owner along with relevant documents is necessary.
Project Information Details of the project, including its location, sanctioned plan, and layout plan, should be provided.
Ownership Documents Proforma of allotment letter and agreement of sale pertaining to the property.
Personnel Information Information about key individuals involved in the project, such as architects, engineers, and other stakeholders, should be included.

Choose Lexprosoft for your RERA Registration

Choose Lexprosoft for your RERA Registration to ensure smooth, compliant, and efficient processing. Our expert team provides full support throughout the registration process, adhering to all state-specific regulations, handling documentation, and ensuring timely completion. With our assistance, you can be confident in securing your registration quickly and without hassle. Let us help you stay compliant and transparent in the real estate market.
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RERA Registration FAQ's
What is the validity period of RERA registration?
RERA registration is valid for the duration of the project. It typically lasts until the completion of construction and the issuance of the occupancy certificate.
Are commercial projects also covered under RERA?
Yes, RERA applies to both residential and commercial projects. Developers and agents involved in commercial real estate must comply with RERA regulations.
Does RERA apply to ongoing projects or only new projects?
RERA applies to both ongoing and upcoming projects. Developers must register existing projects that were launched after RERA's enforcement in their respective states.
Can a developer leave a project mid-way?
No, a developer cannot abandon a project midway. RERA mandates that developers complete the project within the promised timeline, and failing to do so can lead to penalties or legal actions.
What is the penalty for non-compliance with RERA?
Developers and real estate agents can face significant fines, penalties, and possible imprisonment for failing to comply with RERA’s regulations.
How can a homebuyer file a complaint under RERA?
Homebuyers can file a complaint through the state’s RERA portal for grievances such as delays, non-completion, or non-compliance with promised specifications.
What is the role of RERA in ensuring project delivery?
RERA ensures that developers adhere to deadlines, deliver promised amenities, and provide clear communication with buyers about the status of the project.
Can a developer modify the project after registration under RERA?
Yes, but developers must notify RERA about any significant changes in the project details, such as changes in the layout or design, for approval.
Is it mandatory for real estate agents to register under RERA?
Yes, real estate agents must register under RERA to legally operate. They are required to follow ethical practices and maintain transparency in transactions.
Can a homebuyer cancel a sale under RERA if the project is delayed?
Yes, under RERA, a homebuyer can request a refund or claim compensation if the project is delayed beyond the agreed time, subject to certain conditions.
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