Real Estate project Registration in
punjab

Starts at Rs. 30000 /-

(Takes 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

  • Commencement Certificate

  • Sanctioned Plan

  • Non Agriculture Order

  • Encumbrance Certificate

  • Pan card of Company and Promoter

RERA Government Fees

Particulars Govt. Fees(in Rs.)
RERA Registration Govt Fees for Individual Rs 5000
RERA Registration Govt Fees for other than Individual Rs 25,000

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: . What is the status of the Act?

Ans: The Real Estate Bill was passed by the Rajya Sabha on 10th March, 2016 and the Lok Sabha on 15th March, 2016. The Bill as passed by the Parliament was assented to by the Hon’ble President on 25th March, 2016. The Act as assented to by the Hon’ble President was published in the Official Gazette on 26th March, 2016 for public information

Ques 2: 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.

Ques 3: What are the objects and reasons for which the Act has been framed?

Ans: The Real Estate Act is intended to achieve the following objectives: a) ensure accountability towards allottees and protect their interest b)infuse transparency, ensure fair-play and reduce frauds & delays c) introduce professionalism and pan India standardization d) establish symmetry of information between the promoter and allottee e)imposing certain responsibilities on both promoter and allottees

Ques 4: Who is the ‘appropriate Government’ as per the Act?

Ans: Section 2(g) of the Act defines ‘appropriate Government’ to mean as follows: (i) for the Union territory without Legislature, the Central Government; (ii) for the Union territory of Puducherry, the Union territory Government; (iii) for the Union territory of Delhi, the Central Ministry of Urban Development; (iv) for the State, the State Government

Acts & Rules in punjab

Real Estate Regulation And Development Act, 2016 Download PDF
Real Estate-Regulation and Development-Rules-2017 Download PDF
Real Estate-Regulation and Development-Rules-2018 Download PDF

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