RERA Registration in Jaipur for Builders & Colonizers

Overview

Introduction of RERA Registration

RERA was introduced in 2016 and came up with an act Real Estate (Regulation & Development) Act 2016 which aimed to protect the interest of the home buyers and regularize investment and promotion in real estate industry in India and at the same time have a mechanism for speedy dispute redressal.

Under the Act, Regulatory authorities for RERA are established at the state level for regulation of the real estate sector and to manage all the registrations and approvals related to registration of the commercial and residential projects. RERA Registration in Jaipur is applicable to the real estate agents and projects.

Legal Window will provide you all the necessary services and legal advice related to registration under RERA Act. You may get in touch with our team on 072407-51000 or email [email protected] for the best assistance and timely registration.

Advantages

Advantages of RERA Registration in Jaipur

Right to Information

Buyer has all right to get information about the land/building which he is planning to purchase. RERA Act helps buyers to know the accurate details of the property from construction to delivery of the project.

No delay in projects

Under RERA Act, builders have to give the due date of possession of the flat and if delayed in completion of project will have to face many penalties under the Act.

Builder responsible for any default

If a buyer discovers any default in the flat or the building within 5 years after the possession of the flat, they can make a complaint and such default shall be ratified within 30 days of the complaint at no extra cost.

Advertisement of Projects

The promoters of the project are not allowed to advertise the sale/purchase of the property unless they are registered under the Act. Registration under RERA will make way for the promotions.

Details

Eligibility for RERA Registration in Jaipur

Commercial or residential land of over 500sq m

Commercial or residential real estate having more than 8 apartments

Agents engaged in selling / purchasing of properties

Documents

Documents required to register an on-going project

Checklist

Copy of PAN card, Aadhaar card and photograph of Promoter/Partners
Past Executed / Ongoing Project Experience In Last Five Years
Development plan
Project details such as the layout, location, price and sanctioned plan of the project
Audited financial statements and Income Tax Returns (ITR) of the last 3 years
Title Deed along with the chain of title
Details of the contractor, Structural Engineers, Architect and Plumbing Consultant
Ownership documents such as proforma of the Allotment Letter, Conveyance Deed and Sale Agreement
Details of construction technology type, designing standards, resistant measures in case of uncertain events etc

Details

Documents required for Real Estate Agent Registration

Copy of PAN card of the real estate agent
Copy of Aadhaar card
Copy of the address proof
Photograph of Agent

How it works

Process of Registration Under the RERA

1

Complete the Application Form

You are requested to first fill the simple questionnaire provided by our expert team.

2

Document Processing

At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing. The checklist for documents will be provided as per the type of entity.

3

Filing of Application

We will apply for your RERA Registration along with the documents and other declarations online with the specific state.

4

Issuance of Certificate

After the processing and verification of application and inspection by the concerned officer, RERA Registration Certificate will be issued.

Details

Exceptions of RERA Act

Where area of land proposed to be developed does not exceed 500 sq m or number of apartments proposed to be developed does not exceed eight, inclusive of all phases. While the central government provides for these minimum area requirements the local governments can change the area requirements to conform to the Act, if required such minimum area threshold can be revised even lower.

Where promoter has received completion certificate for Real Estate Project prior to commencement of Act.

For purpose of renovation or repair or re-development which does not involve marketing, advertising, selling or new allotment of any apartment, plot or building, under real estate project.

Questions

FAQs on RERA Registration in Jaipur

RERA stands for Real Estate Regulatory Act 2016. It is an act which comes into force to protect real estate buyers from fraud and scams.

RERA is a state Act and the minimum fee requirement is according to the states. In Rajasthan, brokers’ fees for registration under RERA is Rs. 10,000 as an individual and Rs. 50,000 otherwise.

RERA came into force with the objective of providing relief to the buyers from the malpractices of unfair builders. RERA Act, 2016 specifies certain norms for building and development of real estate which will enhance the transparency in transactions in the real estate sector.

Registration under RERA can be revoked, if RERA receives any complaint against the developer and is satisfied that the Developer has not complied with the rules under the Act, or has violated the terms and conditions of approval, or is involved in unfair practices to sell, market or advertise his projects.

Registration under Real Estate Act 2016 is mandatory for all commercial and residential real estate projects where the land is over 500 sq m, 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.

RERA registration is mandatory for the builders or constructor or developer for the construction or development of any residential or commercial project where the area of land proposed to be developed exceeds 500 sq m or the number of apartments proposed to be developed exceeds 8 inclusive of all phases.

No, RERA does not cover rental agreement.

RERA covers all residential as well as commercial projects, including shops, offices and buildings.