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