+91 7405458029

RERA in Surat

Ask our experts now

Online Chartered can help you form a producers company in most convenient way.

Get Quote

Get Free Consultation

    Home
    RERA

    What is RERA?

    RERA (Real Estate Regulatory Authority) was established to bring transparency, accountability, and efficiency to the real estate sector in India. Enacted in May 2016, the RERA Act aims to regulate the real estate market, ensuring timely project completion and protecting buyers from fraud and misrepresentation. 

    With RERA registration, builders and developers must:

    Provide accurate project details.

    Update homebuyers on construction progress.

    Deliver possession on time as promised.

    Comply with quality standards and legal regulations.

    For whom is RERA registration required?

    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 

    With RERA registration, builders and developers must:

    1. Promoter Details

    • Name, PAN, email, mobile number, address. 
    • Company registration number (if applicable). 

    2. Authorized Signatory Details

    • Name, email, mobile number, address, photograph.

    3. Project Head Details

    • Name, email, mobile number, address, photograph. 

    4. Previous Project Details

    • Details of projects completed in the last five years (if applicable). 

    5. Project Details

    • Project name, description, type, status, start & end date. 
    • Land area, covered/open area, project address. 
    • Estimated construction and land costs.

    6. Development & Construction Details

    • Type and number of units available for sale. 
    • Carpet area, exclusive balcony/terrace area. 
    • Internal development details (roads, water, drainage, electricity).

    7. Project Financial & Banking Details

    • Bank details, branch name, account number, IFSC code.

    8. Professional Details

    • Agent (if applicable) – RERA registration number, name, address.. 
    • Architect – Name, email, COA registration number, completed projects. 
    • Structural Engineer – Name, email, license number, completed projects.
    • Contractor – Name, email, year of establishment, completed projects.

    9. Supporting Documents

    • Project documents, approval certificates, development plans.
    • Online fee payment receipt. 
    • Self-attested hard copies of all required documents.
    • Two high-resolution CDs with uploaded files. 

    How Do Builders and Promoters Gain from RERA?

    • Boosts Credibility: RERA registration increases buyer confidence, which encourages investment.
    • Legal Protection – Helps resolve disputes with customers through RERA’s adjudication process.
    • Market Advantage – RERA-registered projects attract more investors compared to unregistered projects.

    How RERA Benefits Home buyers

    Ensures Timely Possession

    Prevents project delays and mismanagement.

    Guarantees Construction Quality

    Builders must adhere to strict quality guidelines.

    Transparency in Progress

    Builders must file quarterly returns detailing construction progress.

    Legal Safeguards

    Buyers can file complaints against fraudulent developers through RERA authorities.

    Get answers to all your queries

    Are all real estate projects required to register for RERA?

    Yes, a project needs to be registered under RERA if it has more than eight flats or is more than 500 square meters. 

    Does a builder have to register with RERA in order to sell a property?

    No, it is illegal to market, sell, reserve, or advertise real estate without first registering with RERA. 

    How does RERA safeguard homebuyers?

    RERA ensures timely delivery, quality control, and legal punishment for fraud or delays. 

    What paperwork is required to register for RERA?

    Builders must submit promoter details, project approvals, development plans, financials, and professional certifications. 

    What occurs if a builder disregards RERA regulations?

    Heavy fines, project suspension, or legal action against the builder are all possible outcomes of noncompliance. 

    Can consumers use RERA to make complaints?

    Yes, if the project is delayed or falls short of the specified requirements, customers have the right to protest to the developers. 

    How is project transparency enhanced by RERA?

    In addition to obtaining architect, engineer, and accountant qualifications, builders are required to submit quarterly project status updates to RERA portals. 

    Secure Your Real Estate Project with RERA Registration

    RERA compliance is essential for credibility, legal security, and customer trust. Register your project today to ensure transparency, prevent delays, and boost buyer confidence. 

    Need help with RERA registration? Contact our experts now