RERA (Real Estate Regulatory Authority) Compliance Services
The Real Estate Regulatory Authority (RERA) was established under the Real Estate (Regulation and Development) Act, 2016, to promote transparency, accountability, and efficiency in the real estate sector. RERA provides a regulatory framework that protects the interests of homebuyers and fosters fair practices among real estate developers and promoters.
Key Features of RERA
Project Registration:
- All residential and commercial real estate projects exceeding 500 sq. m. or more than 8 units must register under RERA.
Transparency and Accountability:
- Developers must disclose project details, approvals, completion timeline, and financial information.
Buyer Protection:
- Safeguards buyers against delays, misrepresentation, or fraudulent activities by developers.
Escrow Account:
- Developers must deposit 70% of project funds in an escrow account to prevent fund mismanagement.
Grievance Redressal:
- RERA provides a platform for buyers to address disputes with developers promptly.
Penalty and Compliance:
- Developers failing to comply face penalties, project suspension, or other legal consequences.
Our RERA Compliance Services
Project Registration:
- Assisting developers in registering their projects under RERA, including documentation and filing.
Advisory Services:
- Guidance on meeting RERA compliance requirements and timelines.
Legal Representation:
- Handling disputes between buyers and developers under the RERA framework.
Audit and Documentation:
- Ensuring accurate documentation of project details, financial records, and approvals.
Grievance Filing:
- Helping buyers file complaints and represent their interests before RERA authorities.
Consultation for Homebuyers:
- Verifying project details and ensuring investments are RERA-compliant.
Benefits of RERA Complianc
Enhanced Credibility:
- Boosts trust among homebuyers and investors.
Transparency in Transactions:
- Ensures clear and honest dealings between developers and buyers.
Timely Project Delivery:
- Prevents project delays through strict timelines and accountability measures.
Dispute Resolution:
- Offers a quick and efficient process for resolving disputes.
Legal Safeguards:
- Protects buyers from fraudulent practices and secures their investments.
Documents Required for RERA Registration
For Developers
- PAN card of the developer or company.
- Details of the project, including land title and approvals.
- Financial details and bank account statements.
- Encumbrance certificate of the property.
- Proof of ownership or development rights.
For Buyers
- Sale agreement with the developer.
- Payment receipts or bank transaction details.
- Proof of identity and address.
Deliverables of RERA Services
- Registered project certificate under RERA.
- Comprehensive compliance report for projects.
- Legal opinion and advisory for developers and buyers.
- Grievance redressal and case status updates.
- RERA compliance checklist for ongoing projects.
Frequently asked Questions
RERA registration is mandatory for all projects exceeding 500 sq. m. or 8 units to ensure compliance with the Act.
Buyers can check the project details on the respective state RERA website.
Developers face penalties, legal action, and suspension of the project for non-compliance.
Penalties may include fines up to 10% of the project cost or imprisonment for developers.
It ensures transparency, timely delivery, and legal safeguards for property investments.
Why Choose Us
Experienced Professionals:
Our team consists of certified and experienced Registered Valuers who follow industry standards and legal requirements.
Timely and Accurate Reports
We deliver detailed and accurate valuation reports within the stipulated time frame, ensuring that our clients can make informed decisions.
Secure & Confidential
Documents and information are always kept private. Information shared with the lawyer are 100% confidential.
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