Ensuring that a real estate project is registered under the Real Estate (Regulation and Development) Act (RERA, 2016) is an important step for homebuyers. This registration improves transparency and protects buyers from potential risks associated with under-construction properties. Read further to understand how you can check the RERA registration status of a project.
What is RERA?
RERA is a regulatory framework introduced to bring standardisation and accountability to the real estate sector. It requires real estate developers to register their projects and disclose essential details to buyers. This ensures transparency and fair practices in the industry.
How Does RERA Impact the Real Estate Market?
RERA has brought transparency to the real estate market. By mandating project registration, timely delivery, and clear disclosures, it has increase buyer confidence and curbed malpractices. With standardised practices and quicker dispute resolution, RERA has made property buying safer and the real estate sector more organised.
Why is RERA Registration Important?
The RERA registration is important as it:
Ensures Legal Compliance: Projects registered under RERA meet regulatory standards and guidelines.
Provides Access to Verified Information: Homebuyers can check project approvals, timelines, and builder credibility.
Protects Buyer Interests: RERA mandates that funds collected for a project are utilised solely for its development, reducing financial risks.
How to Check RERA Registration Status Online?
The following steps can help you verify a project's RERA registration:
- Visit the official RERA website of your state. Each state in India has its own RERA portal where real estate projects are registered.
- Locate the ‘Registered Projects’ or ‘Project Status’ section. Most RERA websites have a dedicated section for checking project details.
- Search for a project using the project name, developer’s name, or RERA registration number.
- Review the project information based on the registration status, project progress updates, developer’s credentials, and expected completion timelines.
Benefits of Checking RERA Registration Status
Informed Homebuying Decisions: Buyers can verify project legitimacy before investing.
Assurance of Regulatory Compliance: Ensures the project adheres to legal requirements.
Transparency in Construction and Funding: Prevents financial mismanagement by builders.
Checking the RERA registration status of a real estate project is an essential step in the homebuying process. It helps buyers make informed decisions, protects their investment, and ensures compliance with regulations.
What to Watch Out for When Checking RERA Details
While verifying a real estate project’s details on the RERA portal, it is important to go beyond just checking whether the project is registered. Look closely at the finer details available on the portal, such as:
1. Delayed Timelines or Missed Milestones
RERA mandates that developers disclose project start and completion dates. If the current status of the project significantly lags behind the promised timelines, or if milestones such as plinth completion or possession are overdue, it could signal construction delays. Persistent delays may lead to legal complications or the postponement of possession for homebuyers.
2. Pending Litigation
Many RERA portals list information about ongoing or past legal disputes related to the project. Check whether the project has any pending litigations, whether related to land ownership or regulatory clearances.
3. Incomplete Disclosure of Financials or Land Titles
RERA encourages full disclosure of land ownership details, project funding, and developer credentials. If this information is missing, vague, or inconsistent, it may raise questions about the legal standing of the land, the financial health of the developer, or the legitimacy of the project. Buyers should be cautious and seek clarification or supporting documents before proceeding.
FAQs
To check whether the project is RERA-approved, you can visit the state’s RERA website and enter the project’s name, developer name, or RERA registration number.
Yes, RERA-approved projects are fully compliant with legal standards and ensure transparency, making them a safe investment.
If no details are available for a project, it is likely not RERA-compliant. Avoid investing in such projects and contact the RERA authority for further clarification.
If you are an NRI, you can access RERA registration details online by visiting the respective state’s RERA portal and entering the project details.
Yes, RERA registration applies to all under-construction projects as long as they meet the eligibility criteria.
DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.
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