RERA Registration in India – A Complete Guide by Taxswami

The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to bring transparency, accountability, and efficiency to the real estate sector in India. RERA registration is mandatory for real estate projects and agents to ensure compliance with the regulations and protect the interests of homebuyers. At Taxswami, we help builders, developers, and agents navigate the RERA registration process seamlessly.

What is RERA?

RERA was enacted by the Government of India to regulate the real estate sector and ensure that homebuyers are protected from fraudulent activities. The Act aims to standardize real estate transactions and create a more structured framework for developers and buyers.

Who Needs RERA Registration?

1. Real Estate Developers/Builders – Any residential or commercial project exceeding 500 sq. meters or having more than eight apartments must be registered under RERA before its launch.

2. Real Estate Agents – Agents and brokers facilitating property transactions must obtain RERA registration to conduct their business legally.

3. Ongoing Projects – Projects that were under development before RERA came into effect but have not received a completion certificate must also register under the Act.

Documents Required for RERA Registration

For Builders/Developers:

• PAN Card of the builder/company

• Project details, including layout, approvals, and timelines

• Land ownership proof (Title Deed or Sale Agreement)

• Approval plans from relevant authorities

• Financial details, including project bank accounts

• Architect’s, engineer’s, and contractor’s details

For Real Estate Agents:

• PAN and Aadhaar Card

• Business address proof

• Income tax returns (if applicable)

• Past experience details (if any)

Step-by-Step Process of RERA Registration

1. Visit the State RERA Website – RERA operates at the state level, and applications must be submitted on the respective state’s portal.

2. Fill in the Application Form – Provide complete project/agent details, including business and financial information.

3. Upload Required Documents – Submit all mandatory documents, including ownership and project details.

4. Fee Payment – Pay the applicable RERA registration fee based on the state’s guidelines.

5. Verification and Approval – The authority reviews the application, and upon successful verification, a RERA registration number is issued.

Benefits of RERA Registration

• Transparency – Developers must disclose project details, including timelines, approvals, and financial status, ensuring buyer confidence.

• Project Completion Assurance – Developers are legally bound to complete projects on time, reducing delays and fraud.

• Protection for Buyers – Homebuyers receive clear project specifications, fair pricing, and a grievance redressal mechanism.

• Standardized Practices – RERA promotes ethical practices in real estate transactions, improving the industry’s credibility.