No. RERA Registration is required for both, Commercial and Housing Projects.
Following are the projects which require registration under RERA:
- Where area of land, being used for development is exceeding five hundred square meters
- Where the number of units proposed to be developed is more than eight.
Yes. RERA Registration is required for all projects whether in urban or in rural areas.
No. Separate registration for each wing is not required. The entire project will be considered as a single project, irrespective of number of wings.
Yes. When number of flats is more than 8, then RERA Registration is compulsory, irrespective of total land area of project.
Yes. Since both the wings will be considered as a single project, the total number flatbecomes 10. Thus RERA Registration is compulsory.
No. RERA Registration is not required for the purpose of renovation, repair and re-development of existing project.
No. The promoter can advertise his project only when the project has been registered with RERA.
Yes, any ongoing project which has not yet issued completion certificate shall register with RERA within 3 months of commencement of the Act.
Process of registration with RERA is online and then documents are required to be physically submitted to the department.
After submission of Online Application and Physical Documents with department, the Regulatory Authority shall issue registration certificate within 30 days, provided the project and documents are in compliance with the requirements of the Act.
Promoter cannot accept a sum of more than 10 percent of the cost of apartment/plot as an advance payment. For any further collection for the cost of apartment/plot, the promoter is required to enter into an ‘Agreement for Sale’ with the allottee.
Yes. After paying fees of Rs. 5,000, details of RERA Registration can be amended/ modified.
No. Single registration is required for development of mixed projects.
Yes. The promoter is required to get his accounts audited for project within six months after the end of every financial year by a chartered accountant in practice.
Extension of time for a project can be granted in case of delay due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project OR it can be also granted under reasonable circumstances, without any fault on the part of promoter.
Extension up to maximum one year extension can be granted by RERA Authorities.
Yes. Real Estate Agents,who are engaged in selling projects under the Act, can do so only after getting themselves registered with the RERA Authority.
Yes, Promoter can modify sanctioned plan layout only after having taken approval of two-third of the allottees.
Yes, quarterly return has to be filled seven days from the end of each quarter.
Yes. An aggrieved allottee can raise complaints regarding any matter relating to a registered project or its promoters/builders with the RERA Authority.
The Promoter shall be liable for 5 years from the date of handing over the possession to the allottee for any structural or other defect in the apartment/project.
An Engineer’s Certificate, an Architect’s Certificate and a Chartered Accountant’s Certificate are required for RERA Compliance and filing.
Yes. A separate bank account known as RERA Account is to be maintained for each of the registered projects of the Promoter.
Rs. 10,000 penalty needs to be paid for late filing of quarterly return.