RERA Registration

RERA Registration is a mandatory compliance for real estate developers and agents under the Real Estate (Regulation and Development) Act, 2016 (RERA). The Act was introduced to bring transparency, accountability, and fairness in the real estate sector, protecting the interests of homebuyers while regulating builders and brokers.

Every real estate project exceeding 500 square meters of land area or having more than 8 apartments must be registered under RERA before being marketed, advertised, or sold. Real estate agents facilitating property sales must also obtain RERA Registration to operate legally.

The registration process varies from state to state, as each state has its own RERA Authority and online portal. Developers are required to submit project details such as layout plan, land title documents, approvals from local authorities, developer’s PAN card, business registration proof, and financial statements. Real estate agents need to provide identity proof, business details, and address proof.

Once registered, developers are assigned a unique RERA registration number, which must be displayed in all advertisements and sales documents. This ensures that buyers can verify project details online and gain confidence in their investment.

RERA Registration provides several benefits, including protection of buyer rights, timely project delivery, access to grievance redressal mechanisms, increased transparency, and credibility for developers and agents. Non-compliance with RERA provisions can lead to heavy penalties, project cancellation, or even imprisonment for developers.

In conclusion, RERA Registration is essential for creating a trustworthy and transparent real estate ecosystem in India. It safeguards homebuyers, enhances investor confidence, and enforces accountability in the housing sector.