{"id":105160,"date":"2021-12-13T12:37:23","date_gmt":"2021-12-13T07:07:23","guid":{"rendered":"https:\/\/legalwindow.in\/?p=105160"},"modified":"2021-12-13T18:17:45","modified_gmt":"2021-12-13T12:47:45","slug":"important-due-dates-and-timelines-under-rera","status":"publish","type":"post","link":"https:\/\/www.legalwindow.in\/blog\/important-due-dates-and-timelines-under-rera\/","title":{"rendered":"Important Due Dates and timelines under RERA"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-105165 size-full\" title=\"Important Due Dates and timelines under RERA\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/Important-Due-Dates-and-timelines-under-RERA.png\" alt=\"Important Due Dates and timelines under RERA\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Important-Due-Dates-and-timelines-under-RERA.png 1200w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Important-Due-Dates-and-timelines-under-RERA-600x315.png 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Important-Due-Dates-and-timelines-under-RERA-300x158.png 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Important-Due-Dates-and-timelines-under-RERA-1024x538.png 1024w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/Important-Due-Dates-and-timelines-under-RERA-768x403.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>The RERA (Regulation and Development) Act of 2016 came into effect on 25 March 2016 after which 7 union territories and 19 states have drafted and introduced the Regulations governing property projects. Developers now have to register their Housing Projects with the relevant Real Estate Regulatory Authority. The article highlights the important due dates and timelines under RERA.<\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Table of Contents-<\/strong><\/p>\n<ul>\n<li><a href=\"#important\">Important Due Dates and timelines under RERA<\/a><\/li>\n<li><a href=\"#rera\">RERA Advisory<\/a><\/li>\n<li><a href=\"#deadlines\">Deadlines by Authorities<\/a><\/li>\n<li><a href=\"#final\">Final words<\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"important\"><strong>Important Due Dates and timelines under RERA<\/strong><\/h2>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Sections<\/strong><\/td>\n<td style=\"border: 1px solid #555;\"><strong>Provisions of the Act<\/strong><\/td>\n<td style=\"border: 1px solid #555;\"><strong>Particulars<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>S.3\/S.4<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Pre-Registration of Real Estate Project<\/td>\n<td style=\"border: 1px solid #555;\">Obtain <a href=\"https:\/\/legalwindow.in\/rera-registration\/\" target=\"_blank\" rel=\"noopener\">RERA registration<\/a> upon receipt of the Authorized program (can be postponed if the purpose is not to sell immediately).<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>S. 11<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">First Renewal \/ Post Registration<\/td>\n<td style=\"border: 1px solid #555;\">Upon the Project Registration<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>S. 11 with rules<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Quarterly Updates<\/td>\n<td style=\"border: 1px solid #555;\">Within 15 days from the end of each quarterly term.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\" rowspan=\"2\"><strong>Section 4(2)(L)(D)<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Audit of Accounts annually<\/td>\n<td style=\"border: 1px solid #555;\">Within 6 months after the completion of the financial year<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Obtaining Certificates of Service &#8211;<\/p>\n<ul>\n<li>Architect,<\/li>\n<li>Engineer, once<\/li>\n<li>Chartered Accountant<\/li>\n<\/ul>\n<\/td>\n<td style=\"border: 1px solid #555;\">Certificates of Architect, Engineer, and Chartered Accountant in Practice will be received on each withdrawal of funds from the RERA Designated bank account.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Circular<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Completion Report<\/td>\n<td style=\"border: 1px solid #555;\">Upon completion of 100% development (internal and external) to the project.<\/p>\n<p>Report during the same quarterly termination<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Section 6 read with Rule<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Application for Extension of Expiration Date for the project<\/td>\n<td style=\"border: 1px solid #555;\">Within 3 months before the deadline for registration<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\" rowspan=\"3\"><strong>S.14<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Application for modification<\/td>\n<td style=\"border: 1px solid #555;\">Before\/after authorization of authority for any change of application for registration subject to change\/amendment.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Structural Defect Warranty By Developer<\/td>\n<td style=\"border: 1px solid #555;\">Five years from the date of transfer to the allottee.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Attend to Structural defect by the promoter<\/td>\n<td style=\"border: 1px solid #555;\">Rectification of defects by promoters without further charge, within thirty days from the date of notice<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Section 11<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Formation of the Association of Allottees<\/td>\n<td style=\"border: 1px solid #555;\">It shall be formed within three months of the majority of allottees who booked a site\/apartment.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\" rowspan=\"3\"><strong>Section 17<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Transfer of title<\/td>\n<td style=\"border: 1px solid #555;\">Within 3 months from the issuance date of the certificate of occupancy.<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Conveyance of plot\/apartment<\/td>\n<td style=\"border: 1px solid #555;\">Transfer deed after obtaining a residence permit (occupancy certificate).<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\">Hand-over:<\/p>\n<ul>\n<li>Required documents<\/li>\n<li>programs or plans<\/li>\n<li>which includes common areas in the association of allottees<\/li>\n<\/ul>\n<\/td>\n<td style=\"border: 1px solid #555;\">Within 30 days after receipt of the occupancy certificate<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Section 18 r\/w rule<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Reimbursement\/return of amount on Cancellation<\/td>\n<td style=\"border: 1px solid #555;\">Within 30\/60 days of such Cancellation<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #555;\"><strong>Section 5<\/strong><\/td>\n<td style=\"border: 1px solid #555;\">Provision for grant of Registration by authority for the real estate authority<\/td>\n<td style=\"border: 1px solid #555;\">Within 30 days from the application date.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"rera\"><strong>RERA Advisory<\/strong><\/h2>\n<p>To avoid the hassle of requesting from various promotional project planners to extend the timeline for the completion of their real estate project, regional\/union regulatory authorities may issue the following orders\/directions in respect of all registered projects when the completion date, updated completion date or extended completion date as registration ends March 25, 2020, or thereafter:<\/p>\n<ul>\n<li>Regulatory authorities may issue orders\/directives to extend the registration\/termination date or the revised expiration date or the extended termination period by 6 months due to covid-19 breach by requesting Force Majeure provisions under <a href=\"https:\/\/legalwindow.in\/registration-of-project-under-rera\/\" target=\"_blank\" rel=\"noopener\">RERA<\/a>;<\/li>\n<li>The regulatory authorities may, in their view, consider extending the deadline for another 3 months, if the situation in their states, for written reasons, requires special consideration to consider force majeure of the current epidemic;<\/li>\n<li>The regulatory authorities may issue new Registration Certificates with periodic updates to each such housing project as soon as possible; and<\/li>\n<li>Regulatory authorities may extend the timelines of all compliance as per the provisions of RERA and the laws and regulations framed under it.<\/li>\n<\/ul>\n<h2 id=\"deadlines\"><strong>Deadlines by Authorities<\/strong><\/h2>\n<p>The promoters should be careful when announcing\/determining the expiration date of the real estate project. The expiration date should be determined based on market conditions and circumstances and the Developers&#8217; ability to complete the development of the real estate project within that period. The deadline is considered a deadline, and after an extension of 1 (one) year even if the project is not completed it will eventually lead to the completion of the registration and the relevant <a href=\"https:\/\/mohua.gov.in\/\" target=\"_blank\" rel=\"nofollow noopener\">Housing Management Authorities<\/a> in consultation with the relevant Government will take action, as it deems fit to perform the remaining development activities by a competent authority or through a designated organization or otherwise. It is recommended that the resources of the consultant involved in the practice be considered.<\/p>\n<p><a href=\"https:\/\/legalwindow.in\/rera-registration\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-104988 size-full\" title=\"RERA Registration at lowest prices in India\" src=\"https:\/\/legalwindow.in\/wp-content\/uploads\/rera-2.jpg\" alt=\"RERA Registration at lowest prices in India\" width=\"1000\" height=\"200\" srcset=\"https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/rera-2.jpg 1000w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/rera-2-600x120.jpg 600w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/rera-2-300x60.jpg 300w, https:\/\/www.legalwindow.in\/blog\/wp-content\/uploads\/rera-2-768x154.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/p>\n<h2 id=\"final\"><strong>Final words<\/strong><\/h2>\n<p>It also appears that a few regulating authorities of real estate limit the end date for a project to formalize a sanctions\/building permit system. In our view, if the authorities limit the expiration date instead of the validity of the building permit that expiration date will not apply to the completion of the project as by-laws may allow for the renewal of the legal sentence\/building permit received. The developer in these cases may cancel the restricted plan\/building permit and may apply for a new building permit or sanction plan, which will indirectly improve project costs and lead to higher consumer prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The RERA (Regulation and Development) Act of 2016 came into effect on 25 March 2016 after which 7 union territories and 19 states have drafted and introduced the&hellip;<\/p>\n","protected":false},"author":3,"featured_media":105164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-105160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Important Due Dates and timelines under RERA &#187; Legal Window<\/title>\n<meta name=\"description\" content=\"Latest News and Updates on Important Due Dates and timelines under RERA. 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