Skip to main content Skip to search

RERA REGISTRATION

RERA REGISTRATION

The Real Estate Act makes it mandatory for all commercial and residential real estate projects where the land is over 500 square meters, or eight apartments, to register with the Real Estate Regulatory Authority (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution. For ongoing projects which have not received completion certificate on the date of commencement of the Act, will have to seek registration within 3 months. Application for registration must be either approved or rejected within a period of 30 days from the date of application by the RERA. On successful registration, the promoter of the project will be provided with a registration number, a login id, and password for the applicants to fill up essential details on the website of the RERA. For failure to register, a penalty of up to 10 percent of the project cost or three years’ imprisonment may be imposed. Real estate agents who facilitate selling or purchase of properties must take prior registration. Such agents will be issued a single registration number for each State or Union Territory, which must be quoted by the agent in every sale facilitated by him.

Benefits of RERA Registration:

Timely delivery

It has been seen that developers often make false promises about the completion date of the project, but hardly deliver on time. As per the bill, strict regulations will be enforced on developers to ensure that construction runs on time and flats are delivered on decided time.

Accurate Project Details

In the construction stage, builders promote their projects, defining the various amenities and features related to projects. As per this bill, there can’t be any changes to a plan. And if a builder is found guilty then, he/she will be penalized 10% of the project’s costs or face jail time of up to three years.

All clearances

Builders often attract buyers with huge discounts and pre-launch offers. And, the buyer, enticed by the offers, does not bother about the clearance. But, due to delays in getting clearance, the buyer does not get the flat on time. This bill ensures that developers get all the clearances before selling flats.

Proper Structure

If the buyer finds any structural deficiency in the development of the building, then it is the developer’s responsibility to repair structural defects up to 5 years.

No Advertisement without RERA Registration

Promoters are not permitted to advertise any project without RERA registration with the Real Estate Regulatory Authority established under this Act. Additionally, each advertisement has to carry the RERA registration number.

Booking Amount                   

The amount to be paid by the buyer has been reduced from 20% to 10%, which should be paid only after registering the agreement for sale with the builder. Termination of the agreement is permitted only if the buyer defaults on payment thrice. The Buyer is entitled to a 15-day notice.

Address proof affidavits

Appointment letter in company drafting

Articles of association in company drafting

Bank affidavit

Bounced cheque legal action

Business collaboration agreement

Cheque bounce case

Cheque bounce law

Cheque bounce lawyers in noida

Commercial agreememt or contract as per company need

Commercial agreement/contracts

Company drafting

Consumer grievances

Corporate lawyers in greater noida

Crossed cheque

Data privacy in company drafting

Date of birth affidavit

Divorce notice

Ecommerce website drafting

Employment contracts in company drafting

Faulty product notice

Gas connection affidavit

General agreement

Gift drafting

Income proof affidavit

Joint venture agreement

Joint venture agreement in company drafting

Labor law compliances

Legal notice for defective goods

Legal notice for management dispute

Legal notice for recovery

Legal notice for salary

Legal notice in consumer matters

Legal notice to builder

Legal notice to cheque bounce

Legal notice to distributor

Legal notice to employee

Legal notice to employer

Legal notice to for labour dispute

Legal notice to franchisee

Legal notice to retailer

Legal notice to supplier

Legal notice to vendor

Legal notice to wholesaler

Licencing agreement

Marketing agreement

Marriage certificate in noida

Memorandum of association in company drafting

Memorandum of understanding

Name change affidavit

Negotiable instrument act

Offer letter in company drafting

Partnership agreement

Passport affidavits

Probono services

Property law in india, up, noida

Real estate regulatory act 2016

Real estate/property drafting

Refund of security notice

Registration of society

Rent agreement in noida

Rera registration

Sale/purchase vehicle affidavit

What is a legal notice?

Vendor agreements

Trust drafting

Terms depending upon the nature of policy

Termination letter drafting

Tenant eviction notice

Ttudent affidavits

Shareholders agreement in company drafting

Call Now
×