How to Get Your Project Registered Through RERA in India

May 26, 2024

How to Get Your Project Registered Through RERA in India | Nikhil Pattani

The Real Estate (Regulation and Development) Act, 2016 (RERA) was established to protect the interests of homebuyers and enhance transparency in the real estate sector. Registering your project under RERA is a legal requirement for developers in India. This article provides a detailed step-by-step guide on how to get your project registered through RERA.

Step 1: Understand the Applicability

RERA applies to all residential and commercial projects where:

- The land area exceeds 500 square meters.

- The number of proposed apartments exceeds eight.

Developers must register their projects with the respective state RERA authority before advertising, marketing, booking, selling, or offering for sale.

Step 2: Prepare Required Documents

Gather the necessary documents, which typically include:

- PAN card of the promoter.

- Audited balance sheet and income tax returns of the promoter for the last three years.

- Title deed of the land.

- Encumbrance certificate.

- Details of the project, such as the layout plan, sanctioned plan, and project location.

- Proforma of the allotment letter, agreement for sale, and conveyance deed.

- Details of contractors, architects, structural engineers, etc.

- Details of the bank account where 70% of the project funds will be deposited.

Step 3: Register Online

Visit the official RERA website of your respective state. Create an account as a promoter, and fill out the online application form with accurate details about the project. Upload the required documents in PDF format. Ensure that all information provided is correct and up-to-date.

Step 4: Pay the Registration Fee

The registration fee varies by state and depends on the type and size of the project. Pay the applicable fee online via the payment gateway provided on the RERA portal. The fee structure is usually based on the area of land proposed for development.

Step 5: Submit the Application

After completing the form and paying the fee, submit the application online. An acknowledgment receipt will be generated, which can be downloaded for future reference. The RERA authority will review the application and documents submitted.

Step 6: Respond to Queries

The RERA authority may raise queries or request additional information. Respond promptly with the required details to avoid delays. This process ensures that all compliance requirements are met before the project is approved.

Step 7: Receive the Registration Certificate

Upon successful verification, the RERA authority will issue a registration certificate along with a unique registration number. This number must be quoted in all advertisements, brochures, and communications regarding the project.

Step 8: Adhere to Compliance and Reporting

Once registered, developers must adhere to ongoing compliance and reporting requirements under RERA. This includes:

- Updating the status of the project quarterly.

- Submitting regular updates on sales and construction progress.

- Ensuring timely delivery and quality of the project as per the agreement.

Registering your project through RERA in India involves several meticulous steps, including understanding the applicability, preparing the necessary documents, registering online, paying the fee, and responding to queries from the RERA authority. This process enhances transparency and protects the interests of homebuyers. By adhering to these steps and maintaining compliance, developers can ensure their projects are trustworthy and legally sound.

•••••••••••••••••••••

Nikhil Pattani, is a real estate maverick, sustainability champ, painter extraordinaire, and your go-to motivational guru! With over 27 years of real estate wizardry in both India and UAE, Nikhil's journey is a rollercoaster of success with industry giants like Marathon, Adani, Kalpataru, DAMAC Properties, Runwal, Lodha, and more.

But wait, there's more! As the brain behind Destiniva Realty and the head honcho at Scholars' Takshashila, Nikhil isn't just about selling homes; he's about changing lives. With over 3,000 families finding their dream homes, Nikhil's impact is undeniable.

But here's the kicker: Nikhil isn't just about bricks and mortar. He's a writer, painter, life coach, and a voice that empowers. Under his 'Nikhil Pattani - Your Realtor' brand, he's revolutionizing real estate consultancy. Plus, with his 'Green Realtor' and 'Sales Chanakya' certifications, he's shaping the future of the industry.

And guess what? Nikhil isn't your average suit-and-tie realtor. Affectionately known as the realtor who paints, he's blending art and real estate like a pro, showing us the investment potential of both.

So, what are you waiting for? Join the Nikhil Pattani movement and let's paint a brighter, greener, and more empowered future together!

No part of this publication may be reproduced , stored in a retrieval system or transmitted , in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner.

Copyright infringement is never intended, if I published some of your work, and you feel I didn't credited properly, or you want me to remove it, please let me know and I'll do it immediately.