RERA Registration in India, Eligibility and Process

Obtain your RERA Registration efficiently with Adviso at your convenience.

The Government of India introduced the RERA Registration in 2016 to increase transparency in real estate dealings. This Act clarified the requirements of the buyers, sellers, and real estate agents. All the individuals and companies associated with buying and selling property must acquire RERA registration. The implementation of this Act was done as there was no transparency in the real estate business; the authorities such as SEBI, IRDAI, and TRAI were also not involved in the Real Estate Business, resulting in many discrepancies.

With the introduction of the Real Estate Regulation and Development Act 2016, construction projects whether residential or commercial must secure registration under this Act. In this write-up, we will learn about the required documents and the procedure for registering with the RERA.

Requirements of RERA Registration

To be eligible under the RERA Act, the following eligibility criteria must be ensured

• Applicability – The RERA Act applies to the promoter, the construction company, and any other intermediate operating in the Real Estate Industry, and they must comply with the RERA Act
• Type of project – All the residential project community and commercial projects must comply with the RERA act, and registration has to be taken under this Act; the promoter and the builder of the project must ensure the project is RERA approved.
• Structure of the project – If the building exceeds 500 square meters and has more than one, it must comply with the RERA.
• Registration with the Real Estate Regulatory Authority – A unique Identification number will be provided once the registration with the Real Estate Regulatory Authority is done, after which the application can be made.

Process of RERA Registration

To register with the RERA, the following process must be followed:

• • The official website of the RERA must be visited for the registration

• • A new account must be created along with the email ID and setting up a password

• • The next step is to fill out the form along with the required information about the project and the construction details.

• • Documents will have to be attached along with the form of application

• • The required fees will have to be paid for the RERA registration. The fees will differ based on the premises, that is, whether it is a residential or commercial premise

• • The declaration must be made for the information related to the building that the information given is correct and true. After that, the application can be submitted for verification

• After verifying the data’s authenticity has been confirmed, the RERA Registration certificate will be provided.

Why Adviso?

RERA Registration involves various requirements, document preparation, and pre- and post-compliance obligations. It is essential to comply with the specific terms of the RERA Act 2016. The application for RERA Registration can be a tedious process without professional support. That’s where Adviso comes in.

At Adviso, we provide expert services for online RERA registration on the RERA Portal. Our Lawyers, CA, and CS experts guide you through every step of the journey to ensure your company lists smoothly and efficiently.

With Adviso’s expertise and assistance, you can easily navigate the complexities of RERA registration, saving time and ensuring compliance with all necessary regulations.

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