RERA Registration Hosh February 8, 2025

RERA Registration

Key Features of RERA (Real Estate Regulatory and Development Act, 2016)

Mandatory Registration

All builders and promoters must register their real estate projects under RERA before advertising, selling, or booking properties.

Protection for Home Buyers

Ensures greater security for first-time home buyers by regulating real estate transactions and safeguarding investments.

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Timely Project Completion

Builders are accountable for delivering projects on time, reducing delays and ensuring buyers receive their properties as promised.

Transparency and Fraud Prevention

Strict measures against misleading advertisements, false promises, and fraudulent activities. Developers must provide accurate project details and adhere to commitments made at the time of sale.

Digitization of Records

RERA mandates the online documentation of project details, ensuring easy access to verified information and preventing data loss.

Dispute Resolution

Establishes a fast-track grievance redressal system to address disputes between buyers and developers quickly and efficiently. RERA aims to create a fair and transparent real estate market, fostering trust between buyers and developers while promoting accountability and efficiency in the sector.

 

Who Needs to Apply for RERA Registration in India?

RERA registration is mandatory for the following:

1. Real Estate Developers/Promoters

All commercial and residential real estate projects that meet specific criteria.

2. Projects Exceeding Certain Limits

Projects that are either more than 500 square meters or have more than 8 units or apartments.

3. Local Promoters

Even small-scale projects by local promoters must register under RERA.

4. Ongoing Projects Without Completion Certificates

Projects that have been ongoing without completion certificates must apply for registration within 3 months of the RERA Act’s notification.

Documents Required for RERA Registration :

To apply for RERA registration, the following documents need to be submitted:

1. Builder’s/Real Estate Agent’s PAN Card

A copy of the PAN card of the builder or real estate agent.

2. Apartment Description

Detailed information about the project, including the number of floors, carpet area measurements, parking space, and more.

3. Builder’s Declaration & Proof of Legal Possession

A declaration stating the builder’s legal possession of the land, along with evidence.

4. Financial Documents

Balance sheet and Income Tax Returns (ITR) for the last 3 years.

5. Property Information

Detailed property information such as title documents, rights, or mortgage details.

6. Project Details

Important project details including the location, sanctioned plan, and layout plan.

7. Ownership Documents

Allotment letter, sale agreement, and other ownership documents.

8. Details of Other Parties Involved

Information about the engineers, architects, or other involved professionals.

9. Consent Letter from Owner (if applicable)

If the builder is not the landowner, a consent letter from the landowner along with relevant supporting documents. These documents are critical for obtaining RERA registration and ensuring the smooth processing of real estate projects under the regulatory framework

Procedure for Registration of Project under RERA Act, 2016

1. Creation of User ID

The registration process begins with the creation of a user ID by the promoter on the Rajasthan RERA web portal: RERA Rajasthan Portal

2. Profile Creation and Document Upload

The promoter needs to create a profile and upload project details such as documents, maps, and other relevant information.

3. Submission of Online Application & Fee Payment

After completing the profile and uploading the necessary documents, the online application is submitted. The prescribed fee for registration is then paid online.

4. Issuance of Registration Number

  • Under Section 5 of The Real Estate (Regulation and Development) Act, 2016, the registration number is granted within 30 days of submitting the completed online application.
  • The registration number is communicated to the applicant via e-mail and SMS.

5. Submission of Hard Copy of the Online Application

A hard copy of the online application, along with all related documents concerning the promoter and project, is then submitted to the office of the Registrar, RERA Rajasthan at Nagar Niyojan Bhawan.

6. Issuance of Certificate of Registration

  • After submitting the hard copy, the certificate of registration is issued by the concerned official to the applicant.
  • This procedure ensures the proper registration of real estate projects, ensuring compliance with RERA regulations and providing transparency in the process.

Procedure for Registration of Agent under RERA Act, 2016

The registration process begins with the creation of a user ID by the agent on the Rajasthan RERA web portal: RERA Rajasthan Portal

1. Creation of User ID

The registration process begins with the creation of a user ID by the promoter on the Rajasthan RERA web portal:

RERA Rajasthan Portal

2. Details Upload

After creating the agent’s profile, the necessary details must be uploaded by the applicant.

3. Online Submission of Application with Fee

The agent must submit the application online for registration along with the prescribed registration fee. The fee must be paid through online mode.

4. Issuance of Registration Number

As per Section 5 of The Real Estate (Regulation and Development) Act, 2016, the registration number is issued within 30 days from the date of submitting the completed online application.

The registration number is sent to the applicant via e-mail and SMS.

5. Submission of Hard Copy of the Online Application

A hard copy of the online application, along with relevant documents regarding the promoter and project, should be submitted to the office of The Registrar, RERA Rajasthan at Nagar Niyojan Bhawan.

6. Issuance of Certificate of Registration

After submitting the hard copy, the certificate of registration is issued by the authorized official to the applicant.

RERA Registration Fees for Real Estate Agents

The RERA registration fee varies by state, but the approximate fees are as follows:

For Individuals or Proprietorship Firms:

The registration fee is Rs. 10,000.

For Business Entities such as:

  • Partnership firms
  • LLPs (Limited Liability Partnerships)
  • Private Limited Companies
  • One Person Companies
  • Societies
  • Public Limited Companies
  • The registration fee is Rs. 50,000.

Payment Methods:

The registration fee must be paid during the application process via NEFT, RTGS, or other digital transaction modes.

Validity of RERA Registration

Validity Period:

The validity of RERA registration is determined by the promoter’s timeline for completing the real estate project or as stated in the affidavit submitted with the application.

Extension of Validity:

The validity can be extended under certain circumstances, such as Force Majeure events like:

  • Flood
  • War
  • Drought
  • Cyclone
  • Earthquake
  • Any other natural calamity impacting the project.

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