Introduction
RERA Registration refers to registration under the Real Estate (Regulation and
Development) Act, 2016, which mandates real estate developers and real estate
agents to register their projects and businesses with the respective State Real Estate
Regulatory Authority (RERA) before advertising, marketing, selling, or booking any real
estate project.
RERA Registration is compulsory for residential and commercial real estate projects
exceeding the prescribed land area or number of apartments. The Act was introduced to
protect homebuyers, ensure timely project completion, promote transparency, and
establish accountability in the real estate sector.
Under RERA, developers must disclose complete project details such as approvals, layout
plans, timelines, carpet area, and financial information on the RERA portal. Real estate
agents must also obtain RERA Registration to legally facilitate property transactions. Non
registration or violation of RERA provisions can lead to heavy penalties, cancellation of
registration, and imprisonment.
Legal Framework / Governing Authority
RERA Registration is governed by the Real Estate (Regulation and Development) Act,
2016 and the respective State RERA Rules and Regulations. Registration and regulation
are carried out by the State Real Estate Regulatory Authority (RERA).
Importance of the Registration
RERA Registration ensures lawful real estate operations, safeguards buyers’ interests,
improves market credibility, and standardizes real estate practices across states. It is
mandatory for project promotion and sales.
Businesses Require This Registration
- Real estate developers and promoters
- Builders of residential and commercial projects
- Real estate agents and brokers
- Property consultants and channel partners
- Joint development and redevelopment project promoters
Objective of Compliance
The objective is to regulate the real estate sector, ensure transparency, protect homebuyers, reduce fraud, ensure timely project delivery, and promote fair practices.
.png){kind=icon}