RERA Registration Of Projects And Agents

Real estate (Regulation and Development) Act, 2016 mandates registration of projects and real estate brokers. The RERA Act has provided State Governments with the powers to issue rules and regulations pertaining to RERA registration for real estate agent registration.

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RERA Registration

RERA Registration for builders/promoters
The registration approved will be valid for a period declared by the Promoter for completion of the real estate project or for the phase as mentioned in the affidavit following the application form.

Exemption for Registration

Exemption for registration is provided by the act if

The area of land proposed for developing does not exceed 500 square meters or the number of apartments developed does not exceed eight apartments including all the phases are exempted from registration.
The promoter has received the completion certificate for a real estate project prior before the commencement of RERA.
The real estate project requested for remodeling or replacement or development of projects are those projects which do not require marketing, advertising, selling or new allotment of an apartment.

Documents Required for Project Registration

The details of the enterprise including its name, registered address, enterprise type like proprietorship, societies, partnership, companies, competent authority and the particulars of such enterprise and their names, photographs of the promoters.
The detail of the projects launched by the promoter in the past five years, whether already completed or being developed including the current status of the projects and delay in completion, details of cases pending, details of land type and payments pending.
The authenticated copy of the approvals and commencement certificate from the competent authority obtained by the laws if applicable.
Copy of sanctioned plan, layout plan and specifications of the proposed project and the entire project as approved by the component authority.
The plan of development works to be executed in the proposed project and the proposed facilities to be provided including fire-fighting facilities, drinking water facilities, emergency evacuation services, use of renewable energy.
Proforma of the allotment letter, an agreement for sale, and the conveyance deed proposed to be signed with the allottees.

The number, type and the carpet area of apartments for sale in the project along with the area of the private balcony or verandah areas and the exclusive open terrace area with the apartment, if applicable.
The names and addresses of the real estate project agents, if applicable for the proposed project.
The name and address of the contractors, architect, structural engineer, if applicable and also other persons concerned with the development of the proposed project.
A declaration, supported by an affidavit, which should be signed by the promoter or any person authorized by the promoter stating that:
The land has a legal title on which the development is proposed along with the legally valid documents with authentication of such title, in case of property owned by another person.
The land should be clear from all encumbrances and details of the encumbrance of the property including any rights, title, interest or name of any party related to that land.
Details of the period of the project taken to complete the project.
Any other documents have to be furnished if needed under the rules and regulations of RERA.

Registration Procedure

The applicant has to request an application in the prescribed form by respective state government to the authority, and then the authority will grant registration within thirty days from the date of application submitted.

RERA Registration for Agents

A “Real estate agent” is a person who acts on behalf of another person in a real-estate transaction, and is benefited with commission/ any other fees for the service extended. Real estate agents include the likes of property dealers, brokers, middlemen etc.

Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be renewed thereafter. Registration can be obtained by agents on website provided by respective state governments.

RERA Registration Of Projects And Agents

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