Rera
Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Delhi
Uttar Pradesh
Haryana
Gujarat
BiharReal Estate project Registration in
lakshadweep
Starts at Rs. 30000 /-
(Takes 15-20 days)
Filing of Application for RERA Registration
Secure RERA Number and Certificate
Dedicated manager to process your RERA registration end to end
Completely Online– No need to visit office
Please note that Certificate of Competency is mandatory.
Register as an project
Overview
Real estate agents are the heart of real estate industry . They are the mediators facilitating transactions between builder and buyer . With RERA, that will soon come into force, all brokers will have to be mandatorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him.
Real estate agents will also be penalized if they will falsely represent any information regarding project to buyers. Penalty will extend upto Rs 10,000 per day and maximum 5% of total project cost. Real estate agent is also required to keep books of accounts of the projects they are indulged in and are answerable for them.
Documents Required for Registration
Pan Card
Agreement for Sale
Allotment letter
Approved Layout Plan
Declaration Form-B
and many more..
RERA Government Fees
| Category | Amount |
|---|---|
| Plotted Development | Rs. 10/sqm |
| Residencial Building (Less than 60 sq mtrs) | Rs. 10/sqm |
| Residencial Building ( More than 60 sq mtrs ) | Rs. 20/sqm |
| Commercial Building | Rs. 50/sqm |
| Any Other Projects | Rs. 25/sqm |
* Fees will be calculated as per square meter of FSI Area
Timeline for RERA Registration
As per the act, the RERA certificate will be issued in 30 days by the RERA department. However, in some cases, it may come earlier or with some delay.
FAQ's on RERA Registration
Ques 1: When did the Act come into force?
Ans: Section 2, sections 20 to 39, sections 41 to 58, sections 71 to 78 and sections 81 to 92 were notified by the Central Government to come into effect from 1st May, 2016.
Ques 2: When would the remaining sections of the Act come into force?
Ans: Sections 20 and section 43 provides that the Authority and the Appellate Tribunal need to be established within 1 year of the commencement of the Act. As the said sections were notified for commencement on 1st May, 2016 the Authority and the Appellate Tribunal are required to be established maximum by 30th April, 2017. Sections of the Act which have not been notified yet, would be notified maximum upon the expiry of that period.
Ques 3: What was the need for a regulatory law for the real estate sector?
Ans: The real estate sector has grown in the recent years but has largely been unregulated from the perspective of consumer protection. Though, consumer protection laws are available, the recourse available therein are only curative, but not preventive. This has affected the overall potential growth of the sector due to absence of professionalism and standardization.
Acts & Rules in lakshadweep
| The Real Estate ( Regulation & development) Act, 2016 | Download PDF |
| The Real Estate ( Regulation & development) Rules, 2017 | Download PDF |
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