The Society Registration (Ngo) in a Jharkhand – Complete process

 DO YOU KNOW ABOUT RERA REGISTRATION

WHAT IS RERA REGISTRATION

RERA stands for Real Estate (Regulation and Development) Act, which is a central legislation passed in 2016 to regulate and promote the real estate sector in India. RERA registration is the process of registering real estate projects with the respective state Real Estate Regulatory Authority (RERA).

RERA registration is mandatory for all real estate projects with the exception of certain projects such as projects for renovation or repair that do not involve marketing, advertising, selling or new allotment of any apartments, plots or buildings.

The objective of RERA registration is to bring transparency and accountability in the real estate sector, and protect the interests of home buyers. Developers are required to provide details of their projects, including project plans, land status, financial information, approvals, and timelines, on the RERA website. They are also required to disclose the carpet area of the apartment, project completion date, and details of the construction stages.

RERA registration provides several benefits to home buyers, including the assurance of timely delivery of projects, transparency in project details and pricing, and access to a grievance redressal mechanism. Home buyers can file complaints with the RERA authority in case of any disputes or grievances.

In order to register with RERA, developers are required to submit an application form along with the required documents and fees to the respective state RERA authority. The documents required for RERA registration may include the title deed of the land, layout plans, building plan approvals, commencement certificate, and details of the project promoters.

Failure to register with RERA can result in penalties and legal action against the developer. RERA registration also provides credibility to the developer and instills confidence in home buyers to invest in the project.

Hence we can say that  RERA registration is the process of registering real estate projects with the respective state Real Estate Regulatory Authority (RERA). It is mandatory for all real estate projects except for certain exceptions. RERA registration brings transparency and accountability in the real estate sector, and protects the interests of home buyers. Developers are required to provide project details on the RERA website and comply with the regulations of the authority. Home buyers can file complaints with RERA in case of any disputes or grievances.

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WHAT ARE THE OBJECTIVES AND APPLICABILITY OF RERA REGISTRATION?

The Real Estate (Regulation and Development) Act, 2016 (RERA) is a central legislation passed to regulate and promote the real estate sector in India. The objectives of RERA registration are to promote transparency, accountability, and efficiency in the real estate sector, protect the interests of home buyers, and establish a uniform regulatory framework for the real estate sector across India. The following are the objectives and applicability of RERA registration:

1.     Promote Transparency and Accountability: RERA registration aims to promote transparency and accountability in the real estate sector by mandating developers to disclose all project details on the RERA website. This includes details such as the carpet area, project completion date, and details of the construction stages. This information helps home buyers make informed decisions while investing in real estate projects.

2.     Protect Home Buyer’s Interests: RERA registration is aimed at protecting the interests of home buyers by mandating developers to comply with the regulations of the authority. Developers are required to complete projects on time, use standard construction materials, and adhere to the approved building plan. In case of any disputes or grievances, home buyers can file complaints with the RERA authority, which has the power to impose penalties and take legal action against developers.

3.     Uniform Regulatory Framework: RERA registration aims to establish a uniform regulatory framework for the real estate sector across India. The Act mandates the formation of state-level Real Estate Regulatory Authorities (RERAs) to regulate the real estate sector in each state. The RERAs are responsible for ensuring compliance with the provisions of the Act and protecting the interests of home buyers.

4.     Applicability: RERA registration is mandatory for all real estate projects except for certain exceptions. The Act applies to residential and commercial projects, and developers are required to register with the respective state RERA authority before marketing, advertising, selling or booking any apartments, plots, or buildings. RERA registration is also mandatory for ongoing projects that have not received completion certificates before the commencement of the Act.

In conclusion, RERA registration aims to promote transparency, accountability, and efficiency in the real estate sector, protect the interests of home buyers, and establish a uniform regulatory framework for the real estate sector across India. The Act is applicable to all real estate projects except for certain exceptions, and developers are required to register with the respective state RERA authority before marketing or selling any apartments, plots, or buildings.

 

 

WHAT IS THE PROCESS FOR RERA REGISTRATION

The process for RERA registration in India involves several steps and requires the submission of various documents to the respective state Real Estate Regulatory Authority (RERA). The following are the steps involved in the RERA registration process:

1.     Identify the RERA Authority: The first step in the RERA registration process is to identify the respective state RERA authority where the project is being developed. The RERA Act mandates the formation of state-level RERAs to regulate the real estate sector in each state.

2.     Create an Account on the RERA Website: Once the RERA authority is identified, the developer needs to create an account on the RERA website of the respective state. This account is used to submit the application form and other relevant documents.

3.     Submit Application Form: The developer needs to submit the RERA registration application form along with the required documents to the respective state RERA authority. The application form needs to be filled in detail and should include project details such as land details, project layout plan, carpet area, financial details, and completion date.

4.     Payment of Fees: The developer needs to pay the requisite fees for RERA registration as prescribed by the respective state RERA authority. The fee is calculated based on the size of the project and the type of project being developed.

5.     Submit Documents: Along with the application form, the developer needs to submit various documents such as the title deed of the land, layout plans, building plan approvals, commencement certificate, and details of the project promoters. The documents required for RERA registration may vary from state to state.

6.     Obtain RERA Registration Number: Once the application form and other documents are submitted, the RERA authority verifies the information provided and grants a RERA registration number to the project. This number needs to be displayed in all project-related advertisements, promotions, and sale documents.

7.     Upload Project Details on RERA Website: After obtaining the RERA registration number, the developer needs to upload all project details on the RERA website. This includes details such as project plans, land status, financial information, approvals, and timelines. The developer also needs to disclose the carpet area of the apartment, project completion date, and details of the construction stages.

8.     Compliance with RERA Regulations: The developer needs to comply with the regulations of the RERA authority during the entire project development cycle. The RERA authority conducts periodic inspections and can impose penalties or take legal action in case of non-compliance with the regulations.

Hence it can be concluded that RERA registration is a multi-step process that involves the submission of various documents to the respective state RERA authority. The developer needs to create an account on the RERA website, submit the application form along with the required documents, pay the requisite fees, obtain a RERA registration number, and upload all project details on the RERA website. The developer also needs to comply with the regulations of the RERA authority during the entire project development cycle.

 

 

1.     Who needs to register under RERA? Any real estate developer or builder who wishes to sell or advertise a real estate project of more than 500 square meters or comprising of more than eight apartments is required to register the project under RERA.

2.     What are the consequences of not registering under RERA? Developers who fail to register their projects under RERA may be liable to pay penalties and face legal action, including imprisonment. The sale of unregistered projects is prohibited under the RERA Act.

3.     What is the validity period of RERA registration? The RERA registration is valid until the completion of the project, including the maintenance and repair work for a period of 5 years after the possession of the project is handed over to the buyers.

4.     Can a developer make changes to the project after obtaining RERA registration? Any changes to the project after obtaining RERA registration require the prior approval of the RERA authority. If the changes are material, such as the layout plans, carpet area, or completion date, the developer needs to apply for a fresh registration.

5.     How long does it take to obtain RERA registration? The time taken to obtain RERA registration may vary depending on the state and the complexity of the project. It may take anywhere from a few weeks to a few months to obtain RERA registration.

6.     What are the fees for RERA registration? The fees for RERA registration may vary depending on the state and the size of the project. The fees are typically calculated based on the area of the project and the type of project being developed.

7.     Can a buyer file a complaint under RERA? Yes, a buyer can file a complaint under RERA against the developer for any violation of the RERA Act. The RERA authority has the power to impose penalties, order compensation, and even cancel the registration of the project in case of non-compliance with the regulations.

8.     Can a developer apply for RERA registration for multiple projects? Yes, a developer can apply for RERA registration for multiple projects, provided that each project is registered separately and complies with the regulations of the respective state RERA authority.

9.     Is RERA applicable to commercial projects? Yes, RERA is applicable to commercial projects as well. Any real estate project, whether residential or commercial, with more than 500 square meters or comprising of more than eight apartments, is required to be registered under RERA.

10.Is RERA applicable to under-construction projects? Yes, RERA is applicable to under-construction projects as well. All projects that are under construction and have not received a completion certificate are required to be registered under RERA.