Rera Project Registration - UP Rera

RERA Project Registration –At a Glance

Before the enforcement of RERA Act, 2016, Real Estate Sector, being the one of the most important player for the Indian Economy, was working in a unregulated way and there was no specialized and independent law for closely monitoring, supervising and controlling the real estate sector which leads to inflating in the real estate sector.

With the objective of boost investment, protection-home buyer and transparency, the Govt. of India Came with a law known as Real Estate (Regulation and Development) Act, 2016 with effect from 01st May, 2016.

After commencement of RERA Act, 2016, it is mandatory for all the promoters to get registered their real project with the Real Estate Regulatory Authority in order to enable for the advisement, marketing, booking and sale of plot, apartment and buildings- Section 3 of the RERA Act, 2016

All ongoing projects whose completion certificate have not been issued before the commencement of the Real Estate (Regulation and Development) Act, 2016 are required to get registered their project before the authority.

img

Cases where RERA Project Registration is not required- Section 3 of the RERA Act, 2016

  • Land Size:- In case of area of the land does not exceed 500 square meters or number of apartments does not exceed 8 (eight);
  • Completed Project:- In case the Builder has received completion certificate for a project before to commencement of RERA; and
  • Repair and Renovation:- In case construction is limited only to repair and renovation not involve marketing, advertising, selling or new allotment of any apartment, plot or building.

Project Registration fees- UP RERA

Sl. NO Type of Project Land Size Rate
1 Commercial Upto 1000 meter 20/- per square meter
2 Commercial More than 1000 meter In addition to above, Rs. 1,000/- for every 100 square meter
3 Residential Up to 1000 meter 10/- per square meter
3 Residential More than 1000 meter In addition to above, Rs. 500/- for every 100 square meter

Validity of Project Registration-UP RERA

The registration grant by the authority shall be valid for a period declared by the promoter in the application for completion of the project.

Procedure for RERA Project Registration

A promoter is required to make an online application to the Authority as per Form ‘A’ for project registration in triplicate along with the following documents and information, namely:-

  • Complete details about the enterprise including its name, registered address, enterprise type (proprietorship, societies, partnership, companies and, competent authority) and names, photographs of the promoters.
  • Notarized copy of affidavit as per form-B
  • Attested copy of PAN and its registration documents including charter documents
  • Attested copy of financial statement of last three financial years
  • Details of projects undertaken by the promoters in the last five years even if the projects are completed or being developed including their current status.
  • Authenticated copy of the approval and commencement certificate obtained under law applicable to the real estate project.
  • The sanctioned and layout plan as sanctioned by the competent authority.
  • The plan of development works to be executed in the proposed project and the proposed facilities to be provided including firefightingand drinking water facilities, emergency evacuation services.
  • Specimen of the allotment letter, registry deed and ATS (agreement for Sale) 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 balcony or verandah areas and the exclusive open terrace areas with the apartment, if any.
  • The names and addresses of the real estate project agents for the proposed project, if any.
  • The name and address of the contractors, architect, structural engineer, including the persons concerned with the development of the proposed project.
  • the number of open parking areas available in the said real estate project
  • Any other documents need to file along with the application under the rules and regulation of UP Rera.

Upon receipt of the application, the authority shall grant the registration number in form C, including a Login Id and password to the applicant within 30 days of making the application subject to the provisions of this Act and the rules and regulations made thereunder.

FAQ on Rera Project Registration

Yes, commercial projects are also required to get registered with RERA except certain exemption given under the law.

Yes, as per RERA, every promoter is required to RERA registration number and link-UP RERA website on every advertisement, broacher and marketing documents

Sl. NO Type of Project Land Size Rate
1 Commercial Upto 1000 meter 20/- per square meter
2 Commercial More than 1000 meter In addition to above, Rs. 1,000/- for every 100 square meter
3 Residential Up to 1000 meter 10/- per square meter
3 Residential More than 1000 meter In addition to above, Rs. 500/- for every 100 square meter

No, it is mandatory for all the promoters to get registered their real project with the Real Estate Regulatory Authority in order to enable for the advisement, marketing, booking and sale of plot, apartment and buildings- Section 3 of the RERA Act, 2016

Yes, In case of non compliance the provision of RERA act, rules, regulation, terms and condition of BBA, the authority is empowered to revoke my registration number subject to providing one opportunity of being heard.

The authority is empowered to impose a penalty up to five percentage of the total cost of the project as determined by the authority.

The registration grant by the authority shall be valid for a period declared by the promoter in the application for completion of the project