RERA project registration in Gujarat
Brief about RERA project registration
RERA stands for the Real Estate Regulatory Authority. This was formed to bring out transparency in the real estate sector. The RERA Act was brought in to eradicate problems within the real estate sector. It aims to reduce project delays and mis-selling. In order to facilitate transparency in the home buying process, the Indian Government passed the RERA Act in May 2016. With RERA in place, every builder or developer is required to inform homebuyers of the progress of construction, offer them keys to their property by the mentioned date, and abide by every rule outlined by RERA, to ensure accountability.
To whom this act applies?
Every real estate project which has land area more than 500 Square Meter or has more than 8 apartments needs to be registered. Delays in projects are the biggest issue faced by buyers. RERA seeks to address issues like delays, price, quality of construction, title and other changes. This is the main reason for every developer to register their project under RERA Gujarat
You need following details for RERA project registration
Promoter details: Type of promoter Name, Pan No., Email, Mob. No., Address, Company Reg. No., etc.
Authorized signatory: Name, Email, Mob. No. , Address, photograph.
Project head: Name, Email, and Mob. No., Address, photograph.
RERA Reg. No. Earlier: If applicable of other state or other project.
Previous project Detail: Last five Years: Project name, project description, Address (Nil document to be uploaded in case of new promoter)
Project Details
Project Name, Project Description, Project Type, Project Status, Project Starting Date and project End Date, Total Area of Land, Total Open Area ,Total Covered area ,Project Address, Authority, Physical Application Submission Office, Application No. Garage Available for Sale, Total Area of Garage, No. of Open Parking, Area of Open Parking, No. of Covered Parking, Total Area of cover Parking, Estimated cost of construction, Land Cost(IRS),Total Project Cost.
Development Details : Type of Inventory, No. of inventory Available for Sale ,Carpet Area (sq.mtr.), Area of exclusive balcony/verandah(sq.mtr.), Area of exclusive open terrace (sq.mtr.)
Internal Development Work: Road system, Water Supply, Sewage and Drainages, Electricity supply, Solid Waste Management
Project Bank Details: Bank Detail, Branch Name, Account Number, IFSC code
Project Agent Detail (If Applicable)
RERA Agent Registration No. of RERA, Agent Name, Agent Address
Project Architect Detail
Name, Email Id, Address, No. of key Projects completed, Reg. No. With COA
Project Structural Engineer Detail
Name, Email Id, Address, No. of key Projects completed, Local Authority License No.
Project Contactor Detail
Name, Email Id, Address, No. of key Projects completed, Year of Establishment
uploading of Project Documents
payment of online fees
Hard copies of following documents self attested to be submitted within 3 working days to concerned office
- Application Documents
- Fee Receipt
- Email acknowledgement printout
- 2 CDs with high resolution files as uploaded
- RERA Portal Application Submission printo
How RERA can help builders/ promoters
Registering your project under RERA can help you boost your public image. The public at large will invest handsome amount of money in your project so it becomes most important for builders to keep their image neat and clean. This enhances the credibility of builder and make space for more transparent way of doing business.
A RERA project registration gain more popularity and trust amongst the people vis a vis the project which is unregistered.
Apart from this, in case of any disputes with that of with customers, both the parties at disputes can arrive at amicable solutions with the help of statutory act of RERA and its adjudicating authorities.
How RERA can help customers
Every customers wants their money to be invested in the project which delivers the possession on time along with quality property.
RERA makes sure that the construction work carried out by builder adheres with the quality measures and the progress of the project is in accordance with the time prescribed. So that timely possession can be handed over to the customers.
Customers now a days have become very particular with the amenities they want in the project as well as the quality of the project. Thus, RERA can keeps check on this by directing builders to file the Quarterly Return Under RERA where in the progress of the project is declared and the professionals like Architect, Engineer and Chartered Accountant give their certificate as to the completion and the quality of project.
Apart from the above, If customers feels that the project is not being delivered as promised, then they can file complaint against builder and get their disputes solved through RERA authorities.
