RERA Registration Services
Stay compliant with the Real Estate Regulation Act (RERA). We help builders and agents register projects, fulfil legal obligations, and build trust through transparency.
The Real Estate (Regulation and Development) Act, 2016 (RERA) is a prominent legislation the Government of India introduced to bring transparency, accountability, and efficiency to the real estate sector. This act mandates that real estate projects and agents must be registered under the respective state RERA authority to build a structured framework for buyers, developers, and agents. RERA has transformed the real estate industry by defining these roles and responsibilities for the stakeholders.
According to Section 3 of the RERA Act, "No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act". And this requirement applies to both new and ongoing projects, making compliance an unavoidable part of the real estate business.
Since 2016 from the implementation time of RERA till now, over 100,000 real estate projects and 72,000 real estate agents have been registered across India. (Source)
This mandatory registration under RERA not only helps in the enforcement of legal compliance but also helps in building trust and confidence among homebuyers by reducing fraudulent activities and delays. Developers and agents who comply with the Act benefit from increased credibility and a stronger position in a competitive market.
Why Choose Benchmark
At Benchmark, we provide you with expert guidance and efficient solutions for figuring out the details of RERA registration. With years of experience in the finance and regulatory sector, we are committed to delivering custom support that aligns with your business needs.
Here is why Benchmark is the preferred choice for RERA registration services:
- Extensive expertise in real estate compliance and RERA regulations.
- Dedicated professionals with a deep understanding of state-specific RERA rules.
- Timely processing and filing of applications to meet legal deadlines.
- Comprehensive document verification to minimise errors.
- Proactive support for post-registration obligations and compliance audits.
- Transparent fee structure with no hidden costs.
- Personalised advisory services to address unique project requirements.
- Proven track record of successfully registering projects across multiple states.
Our Services
We offer a wide selection of professional services to assist you with every aspect of RERA registration and compliance. We have the best RERA registration consultants who make sure that your projects and operations are in accordance with the legal framework, safeguarding your interests and those of your stakeholders.
Our service offerings under RERA Registration include:
- End-to-end assistance in filing and submitting RERA application forms for real estate projects.
- Advisory on eligibility criteria and planning area requirements for project registration.
- Verification and collection of documents, including land title deeds, project approvals, and encumbrance certificates.
- Calculation and submission of applicable registration fees based on project parameters.
- Review and preparation of financial disclosures as mandated under RERA regulations.
- Assistance in obtaining project plan approvals from local and state authorities.
- Support in filing periodic compliance reports, including project progress updates.
- Advisory on modifications or corrections required in already submitted applications.
- Expertise in handling project renewals and amendments under RERA provisions.
- Representation and resolution of queries raised by the Real Estate Regulatory Authority.
- Guidance for project registration extensions and adherence to ongoing compliance requirements.
RERA Compliance for Developers, Agents, and Buyers
RERA's regulatory framework establishes distinct requirements for developers, real estate agents, and buyers, ensuring accountability and transparency for every stakeholder in the real estate industry. Each group is subject to specific compliance obligations to align with the provisions of the Real Estate (Regulation and Development) Act, 2016.
Below is a detailed breakdown of the developer RERA requirements, the obligations for obtaining an agent license under RERA, and the protections available for buyers.
| Category | Requirements |
|---|---|
Developers |
- Mandatory registration of all new and ongoing projects. - Submission of detailed project disclosures, including timelines, approvals, and finances. - Regular updates on project status via quarterly compliance filings. - Adherence to penalties and corrective measures for non-compliance. - Strict prohibition against advertising or selling unregistered projects. |
Real Estate Agents |
- Acquisition of a valid RERA license to offer brokerage or agency services. - Submission of identity proofs, past transaction records, and fee payments. - Renewals of RERA agent license based on performance and compliance history. - Transparency in dealings, ensuring accurate project information for buyers. |
Buyers |
- Right to access full project disclosures before purchase decisions. - Mechanism for filing grievances and seeking resolution through RERA authorities. - Protection against fraudulent claims or delayed possession by developers. - Refund or compensation in cases of non-compliance or project delays. |
Documents Required for RERA Registration
Accurate and complete documentation is essential for a successful RERA registration. Submitting the correct documents ensures a smooth registration process and compliance with regulatory requirements. Below is a comprehensive list of documents required for developers, real estate agents, and buyers under RERA compliance:
For Developers:
- Land title deed and encumbrance certificate
- Project layout plan and approval certificates from local authorities
- Details of promoters, including PAN, Aadhaar, and passport
- Financial statements, including income tax returns and audit reports
- Project brochure and proposed timelines
- Cost estimation and fund utilisation plans
- Sale agreements and allotment letters
For Real Estate Agents:
- PAN card and Aadhaar card
- Business registration certificates
- Past transaction records
- Office address proof and contact details
- Details of commission structure
- Licence application form
For Buyers (for filing grievances):
- Agreement for sale or allotment letter
- Proof of payments made to developers
- Project brochure and marketing materials
- Relevant correspondence with developers or agents
RERA Registration Process
The RERA registration process is a structured procedure made to ensure transparency and accountability in the real estate sector. Here is a step-by-step guide to the RERA registration process:
Step 1: Establish Eligibility
Begin by identifying whether your project or business requires registration under RERA. As per Section 3 of the Act, all real estate projects exceeding 500 square metres or involving more than eight apartments must be registered. For agents, obtaining a RERA licence is essential for legally facilitating property transactions.
Step 2: Gather Essential Documents
Prepare and verify all necessary documentation, including land title deeds, project layout approvals, and financial disclosures for developers, or business registration and past transaction records for agents.
Step 3: Submit the Online Application
Log in to the respective state RERA portal to fill out the application form. Provide details about the project or agency, upload supporting documents, and complete all required fields. Use caution to ensure the accuracy of the information, as discrepancies can lead to rejection or penalties.
Step 4: Pay the Required Applicable Fees
Calculate and pay the required registration fee based on your project size or agency type. Fees vary by state and class, making it important to check your local RERA authority's guidelines. Once the payment is made, keep the receipt with you for future reference.
Step 5: Application Review and Approval
After submission, the application is reviewed by the RERA authority. This includes verifying documents, project details, and compliance with legal requirements. If approved, a unique RERA registration number is issued to you, which must be used in all advertisements and promotions.
At Benchmark, we simplify this process by providing expert guidance at every stage. From verifying your eligibility to managing post-registration obligations, our team ensures that your RERA compliance journey is smooth and efficient. Let us help you achieve regulatory compliance and operational success.
Non-Compliance Issues to Avoid
In case you fail to comply with the RERA regulations then that could lead to severe penalties, legal consequences, and reputational damage for developers and real estate agents. Hence you need to identify and address potential non-compliance issues proactively to avoid disruptions to your business operations. Below are some common non-compliance issues that should be avoided:
- Advertising or marketing projects without obtaining RERA registration.
- Misrepresentation of project details, such as approvals, amenities, or completion dates.
- Non-disclosure of financial statements and fund utilisation reports.
- Lack of updates on quarterly project progress reports on the RERA portal.
- Engaging in property transactions without a valid RERA agent licence.
- Failing to address buyer grievances or compensate for project delays as required under RERA.
- Not obtaining necessary extensions for expired project registration.
- Inaccurate or incomplete information provided in the RERA registration application.
Pre-RERA vs. Post-RERA Real Estate Market
The introduction of the Real Estate (Regulation and Development) Act, 2016, brought a transformative shift to India's real estate sector. Before RERA, the market was inefficient, unstable, and lacking transparency. Post-RERA, these inefficiencies have been addressed through structured regulations, providing a more transparent and accountable real estate ecosystem. Here is a comparative analysis highlighting the key differences between the pre-RERA and post-RERA real estate markets:
Pre-RERA Real Estate Market:
- The absence of mandatory project registration led to unauthorised developments.
- There are frequent delays in project delivery without any legal accountability for developers.
- Limited transparency in financial disclosures and utilisation of buyer funds.
- No standard grievance redressal mechanism for buyers.
- Agents operated without regulation, often misleading buyers with false promises.
Post-RERA Real Estate Market:
- Mandatory registration of all eligible projects gave compliance and legal accountability.
- Developers are required to meet disclosed timelines, reducing project delays significantly.
- Buyers have access to detailed project information, including financial disclosures and approvals, on the RERA portal.
- The introduction of a robust grievance redressal mechanism empowers buyers to file complaints and claim compensation for delays or discrepancies.
- Agents are required to obtain a RERA licence, promoting ethical practices and reducing fraudulent transactions.
Conclusion
The Real Estate (Regulation and Development) Act, of 2016, has redefined the way the real estate sector operates in India. By introducing a framework that increases transparency, accountability, and fairness, has improved industry standards and restored confidence among stakeholders in the real estate industry.
Understanding the details of RERA requires precision, expertise, and a thorough understanding of its provisions. At Benchmark, we are dedicated to simplifying this process for you. From initial consultation to final registration and ongoing compliance, our tailored solutions are designed to help you stay ahead in the evolving real estate landscape.
Get in Touch
Take the next step towards RERA compliance today. Contact us to schedule a consultation and experience the professional guidance that sets your real estate projects on the path to success.
FAQs
Can RERA registration be transferred to another promoter?
Yes, RERA registration can be transferred to another promoter if the original promoter fails to fulfil their obligations or decides to withdraw from the project. However, the transfer requires the approval of two-thirds of the project's allottees and the respective RERA authority.
What happens if a registered project is delayed beyond the promised timeline?
If a registered project is delayed, the promoter is liable to pay compensation to the buyers as per the terms of the sale agreement. Buyers can also approach the RERA authority to claim interest or file a grievance against the promoter for delays.
Is RERA registration mandatory for redevelopment projects?
Yes, redevelopment projects must be registered under RERA if they meet the criteria specified in the Act, such as exceeding 500 square metres of land or involving more than eight apartments. This ensures transparency and accountability in redevelopment activities.
Can ongoing projects be sold without RERA registration?
No, ongoing projects that meet the eligibility criteria must be registered under RERA. Promoters cannot advertise, sell, or market these projects without registration, regardless of the project's completion stage.
Does RERA apply to all states in India?
RERA is applicable in all states and Union Territories in India. However, the implementation and rules may vary from one state to another, as each state has its own RERA authority and specific regulations.