Overview
The Real Estate (Regulation and Development) Act, 2016 aims to protect home buyers and promote fair practice in the real estate sector. It mandates the registration of certain real estate projects and agents, requires promoters to maintain separate bank accounts, and enforces disclosures about project details, timelines and approvals. RERA registration improves transparency, ensures timely completion and boosts buyer confidence.
Who Needs to Register?
- Promoters: Residential or commercial projects exceeding 500 m² of land or comprising more than eight apartments must register before advertising or selling.
- Real Estate Agents: Agents and brokers dealing with the sale or purchase of units in registered projects must obtain registration.
Projects involving renovations or repairs that do not involve new sales are generally exempt.
Benefits of RERA Registration
- Transparency: Promoters must deposit 70% of receipts into a separate account and provide regular project updates.
- Accountability: Standardised agreements and disclosures prevent deceptive practices and provide legal remedies for buyers.
- Timely Completion: Strict penalty provisions deter delays and ensure compensation for default.
- Buyer Trust: Registered projects are viewed favourably by purchasers and investors.
Documents Required
- Promoter’s identity and address proof (PAN, Aadhaar).
- Land ownership documents, title deed and encumbrance certificate.
- Approved building plans, layout approvals and commencement certificate.
- Project specification, carpet area details and schedule of development.
- Past project details (if any) and financial statements.
Our Registration Services
- Eligibility Assessment: Determine whether your project or agency requires RERA registration.
- Document Preparation: Assist in compiling and verifying approvals, title documents and financial statements.
- Application Filing: Submit your registration application with the relevant state RERA authority and track its status.
- Post‑Registration Compliance: Advise on quarterly updates, escrow account maintenance and annual audit requirements.
Why Partner with Us?
- Specialised Expertise: We understand state‑specific RERA rules and help avoid delays.
- Transparent Pricing: We offer clear, upfront pricing with no hidden charges.
- End‑to‑End Support: From initial consultation to compliance guidance, we support you through the entire lifecycle.