RERA Registration

What is RERA?

RERA stands for the Real Estate (Regulation and Development) Act, 2016. It established Real Estate Regulatory Authorities in each state and union territory to regulate the real estate sector and protect home buyers.

• Governing Law: Real Estate (Regulation and Development) Act, 2016
• Regulator: State-level Real Estate Regulatory Authority (e.g. MahaRERA, UP-RERA, K-RERA)
• Objective: Transparency, accountability and protection of home buyers' interests
• Two Types: Project registration (for promoters/developers) and Agent registration (for brokers/agents)
• State-Specific: Each state has its own RERA rules and online portal

Why is RERA Registration Important?

• Legal Requirement: Mandatory for promoters and agents under the RERA Act
• Buyer Confidence: RERA-registered projects inspire trust among home buyers
• Transparency: Project details, approvals and timelines are publicly available
• Timely Delivery: Ensures projects are completed and handed over on time
• Escrow Protection: 70% of buyer funds must be kept in a separate escrow account for construction
• Marketing & Sale: A project cannot be advertised or sold without RERA registration
• Dispute Redressal: Provides a quick mechanism for resolving buyer-developer disputes
• Avoid Penalties: Non-registration attracts heavy penalties under the Act

Who Needs RERA Registration?

• Promoters / Developers: Any builder developing a real estate project for sale
• Real Estate Agents / Brokers: Anyone facilitating sale/purchase in RERA-registered projects
• Residential Projects: Projects above the prescribed land area or number of apartments
• Commercial Projects: Commercial real estate developments meeting the threshold
• Plotted Developments: Layout/plotting projects above the prescribed size
• Joint Development: Both landowner and developer in joint development agreements (as applicable)

Note: Thresholds (land area / number of units) and exemptions vary by state. For your project, connect with our executive.

When is RERA Registration NOT Required?

• Projects where the land area is below the state-prescribed threshold (commonly 500 sq. m.)
• Projects with fewer than the prescribed number of apartments (commonly 8 units, including all phases)
• Projects for which the completion certificate was received before the Act commenced
• Renovation / repair / re-development that does not involve marketing, advertising or fresh sale

Documents Required for RERA Project Registration

• PAN Card and Aadhaar of the promoter / partners / directors
• Certificate of Incorporation / Partnership Deed / registration proof of the promoter
• Details and photographs of the promoter and the project
• Title deed / ownership documents of the project land
• Encumbrance certificate of the land
• Approved building plan / layout plan and commencement certificate
• Sanctioned plan approvals from the local authority
• Development agreement / joint development agreement (if applicable)
• Proforma of the allotment letter, agreement for sale and conveyance deed
• Details of the separate escrow bank account for the project
• Declaration in Form B and other prescribed declarations
• Architect's, engineer's and CA's certificates as prescribed

Documents Required for RERA Agent Registration

• PAN Card and Aadhaar of the agent / proprietor / partners / directors
• Address proof of the agent and office premises
• Passport-size photograph of the agent / authorised person
• Business registration proof (Partnership Deed / Incorporation Certificate, if applicable)
• Details of GST registration and income tax returns (as required)
• Proforma of letterheads, rubber stamp and documents to be used
• Mobile number and email ID for communication

Our RERA Registration Process

1. Consultation: Assess whether your project/agency requires RERA registration
2. Document Collection: Gather all required documents and project/agent details
3. Portal Registration: Create an account on the respective state RERA portal
4. Application Preparation: Fill the project/agent application with all required information
5. Document Upload: Upload approvals, declarations, certificates and proformas
6. Fee Payment: Pay the prescribed RERA registration fee online
7. Authority Review: The Authority reviews the application and may seek clarifications
8. Registration Certificate: RERA registration number and certificate are issued
9. Ongoing Compliance: We assist with quarterly project updates and RERA compliance

Benefits of RERA Registration

• Legal Compliance: Fulfils the statutory requirement and avoids penalties
• Buyer Trust: Enhances credibility and confidence among home buyers
• Right to Advertise: Allows legal marketing and sale of the project
• Transparency: Builds a transparent and accountable brand image
• Financial Discipline: Escrow mechanism ensures funds are used for the project
• Faster Dispute Resolution: Access to RERA's quick adjudication mechanism
• Competitive Edge: Registered projects/agents are preferred by buyers and investors

Penalties for Non-Compliance

• Non-Registration of Project: Penalty up to 10% of the estimated project cost
• Continued Default: Further penalties and possible imprisonment up to 3 years for continued violation
• Agent Non-Registration: Penalty for each day of default for unregistered agents
• False Information: Penalty up to 5% of the project cost for providing false information
• Non-Compliance of Orders: Daily penalty for not complying with the Authority's or Tribunal's orders

Frequently Asked Questions (FAQs)

Q1. Who must register under RERA?

Promoters/developers of real estate projects above the prescribed size and real estate agents facilitating sales in such projects must register. For your specific case, connect with our executive.

Q2. Is RERA registration the same in every state?

No. RERA is implemented through state-level authorities and portals, and the rules, thresholds and fees vary from state to state.

Q3. What is the threshold for project registration?

Commonly, projects on land exceeding 500 sq. m. or having more than 8 apartments require registration, but the exact threshold depends on the state. Connect with our executive for your state's rules.

Q4. Can a project be advertised without RERA registration?

No. A promoter cannot advertise, market, book, sell or offer for sale any unit in a project without first obtaining RERA registration.

Q5. What is the validity of agent registration?

Agent registration is generally valid for a fixed period (commonly 5 years) and must be renewed thereafter, as per the respective state's rules.

Q6. What is the escrow account requirement?

Promoters must deposit 70% of the amounts collected from buyers into a separate escrow account, to be used only for that project's construction and land cost.

Q7. How long does RERA registration take?

With complete documents, the Authority generally processes the application within about 30 days. For more details, connect with our executive.

Ready to Get Your RERA Registration?

Contact us today for fast and hassle-free RERA registration for your project or agency!