way2registration | RERA Registration

RERA Registration

The Real Estate (Regulation and Development) Act, 2016 (RERA) is a landmark legislation in India aimed at ensuring transparency, accountability, and efficiency in the real estate sector. RERA registration is mandatory for all real estate projects and agents to provide protection to buyers and to promote fair practices. Our RERA Registration Services offer comprehensive assistance to developers and real estate agents to ensure compliance with RERA regulations.
RERA was introduced by the Indian government to regulate the real estate sector and protect the interests of home buyers. It establishes a Real Estate Regulatory Authority in each state to oversee and enforce the provisions of the Act. The primary objectives of RERA include:
● Enhancing transparency in the real estate sector.● Protecting the interests of consumers.● Ensuring timely delivery of projects.● Promoting fair practices in real estate transactions.

Apply Now

Importance of RERA Registration
Legal Compliance: RERA registration is mandatory for all commercial and residential real estate projects where the land is over 500 square meters or has more than 8 apartments. Failure to register can lead to hefty penalties and legal actions.
Enhanced Credibility: RERA registration boosts the credibility of developers and agents, as it assures buyers of the project’s legality and compliance with regulatory standards.
Buyer Protection: RERA protects buyers by ensuring that their investments are secure and that they have access to all relevant information about the project.
Standardized Processes: The Act promotes standardization and professionalism in the real estate sector, ensuring a uniform regulatory environment.
Who Needs RERA Registration?
Real Estate Developers: All developers undertaking new projects, including residential, commercial, and mixed-use projects, must register with RERA.Real Estate Agents: All agents involved in buying, selling, or facilitating real estate transactions must register with RERA.
Steps for RERA Registration
Preparation of Documents: Gather all necessary documents, including project details, land title, approvals, promoter’s information, and financial statements.
Application Submission: Submit the RERA registration application online through the respective state RERA portal. Ensure that all details are accurately filled and documents are uploaded.
Payment of Fees: Pay the applicable registration fee based on the project size and type. The fee structure may vary from state to state.
Application Review: The RERA authority reviews the application and may request additional information or documents if required.
Grant of Registration: Upon successful verification, the RERA authority grants registration and issues a unique registration number. This number must be displayed on all project-related documents and advertisements.
Documents Required for RERA Registration
For Developers:● Details of the promoter (name, address, contact details)● Details of the project (location, project plan, layout plan)● Land title and legal status● Approvals and commencement certificate● Financial details (audited balance sheet, income tax returns)● Project completion schedule● Details of past projects (if applicable)
For Agents:
● Details of the agent (name, address, contact details)
● PAN card and Aadhar card
● Business registration certificate
● Income tax returns
● Address proof of the place of business
● Details of past experience in real estate (if applicable)