RERA Project Registration

RERA Project Registration

RERA (Real Estate Regulatory Authority) project registration is mandatory for real estate developers/promoters for residential or commercial projects exceeding 500 sq. meters of land area or 8 apartments. Governed by the Real Estate (Regulation and Development) Act, 2016, it ensures transparency, accountability, and buyer protection in the real estate sector.

Benefits of RERA Registration

• Legal authority to advertise, market, and sell units in the project.
• Enhanced buyer confidence and higher sales velocity.
• Structured project delivery timelines with legal obligation on promoter.
• Mandatory escrow account — 70% of collections kept for construction only.
• Dispute resolution mechanism through RERA for buyers and developers.
• Builds brand reputation and competitive advantage over non-RERA projects.

Who Must Register?

• Promoters/developers of residential or commercial projects with land area exceeding 500 sq. mt.
• Projects with more than 8 apartments — regardless of land area.
• Ongoing projects not completed before RERA Act implementation (retrospective application in most states).

Documents Required

• PAN Card and Aadhaar Card of all promoters/directors.
• Certificate of Incorporation of the developer company.
• Land ownership documents or development agreement with landowner.
• Approved layout plan and floor plans.
• All approvals from local authorities (building plan approval, NA order, etc.).
• Audited financial statements of the developer for last 3 years.
• CA-certified statement of project costs and projected revenue.
• Commencement Certificate (CC) from municipal authority.

Registration Process

1. Compile all project approvals and documents as per state RERA requirements.
2. Apply on the state RERA portal with complete project details — land, layout, units, amenities.
3. Pay the prescribed RERA registration fee based on project area/type.
4. RERA authority reviews and verifies the application and supporting documents.
5. RERA registration number allotted — must be displayed on all advertisements and sale documents.
6. Open RERA-designated escrow account and commence compliance reporting.

Timeline

Approximately 30–45 working days from complete document submission.

Why Choose Tax Precision?

• State-specific RERA expertise across Maharashtra, Karnataka, Delhi, and other states.
• Complete document compilation and CA-certified project financial statement preparation.
• Quarterly RERA compliance reporting management.
• RERA extension application support for completion deadline extensions.
• RERA agent registration for project marketing team members.