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RERA Registration

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RERA Registration in India

The Real Estate Regulatory Authority (RERA) Act was introduced to bring transparency, accountability, and efficiency to the real estate sector in India. RERA registration is mandatory for builders and real estate agents involved in selling or promoting real estate projects. It helps safeguard the interests of homebuyers and fosters trust in the real estate market.

Who Needs RERA Registration?

  • Promoters of residential or commercial real estate projects.
  • Builders or developers involved in construction projects exceeding 500 square meters or eight apartments.
  • Real estate agents facilitating the sale or purchase of real estate projects.
  • Ongoing projects that have not received a completion certificate before the enactment of the RERA Act.

Benefits of RERA Registration

  • Enhanced Transparency: Ensures that all project details, approvals, and timelines are disclosed to buyers.
  • Accountability: Mandates timely completion of projects and prevents misuse of funds.
  • Legal Protection: Provides a mechanism for resolving disputes through the RERA authority.
  • Boost Buyer Confidence: Improves credibility among homebuyers and investors.
  • Market Regulation: Ensures ethical practices in the real estate sector.

Penalty for Non-Compliance

Non-compliance with RERA regulations can result in penalties such as fines, imprisonment, or cancellation of the project registration. Promoters and agents operating without registration are subject to heavy fines and legal consequences.

Documents Required for RERA Registration

  • Details of the promoter, including PAN card and Aadhaar card.
  • Proof of ownership or title of the property.
  • Approved building plans and layout details.
  • Details of the project, including timeline, cost, and agreements with contractors or architects.
  • Audited financial statements and bank account details for the project.
  • Encumbrance certificate or other applicable clearances.

Step-by-Step Process for RERA Registration

  • Application Submission: Submit the application form along with the required documents to the respective RERA authority.
  • Verification: The authority reviews the application and inspects the project details for compliance.
  • Approval: Upon successful verification, the RERA registration certificate is issued.
  • Updates: Regular updates about the project must be provided on the RERA portal as mandated.

Filing Lounge's Process for RERA Registration

  • Initial Consultation: Our team evaluates your project to ensure compliance with RERA requirements.
  • Document Preparation: We assist in gathering and preparing all necessary documents.
  • Application Filing: We handle the submission of your application and coordinate with the RERA authority.
  • Compliance Support: We address any queries or compliance issues raised by the authority.
  • Certificate Issuance: We ensure timely delivery of your RERA registration certificate.

How Filing Lounge Can Help

Filing Lounge offers end-to-end support for RERA registration, ensuring a smooth and hassle-free experience. Here's how we can assist you:

  • Expert Guidance: Personalized advice on RERA regulations and compliance for your project.
  • Complete Documentation: Help in preparing, verifying, and submitting all required documents.
  • Timely Updates: We keep you informed about the progress of your application.
  • End-to-End Service: From consultation to registration, we handle the entire process efficiently.

For more information, visit our RERA Registration page.

With Filing Lounge, you can ensure compliance with RERA regulations, fostering trust and credibility for your real estate projects.

Related Guides

Documents Required For RERA Registration

Proprietorship vs Limited Liability Partnership (LLP) vs Company

Features Proprietorship Partnership LLP Company
Definition A sole proprietorship is an unregistered business entity managed by a single individual. A legal contract between multiple parties to jointly manage and run a business operation. A business type that combines aspects of a partnership and the limited liability of a corporation. A registered business where owners and shareholders have limited liability.
Ownership
  • Single individual
  • Min 2 Partners
  • Max 50 Partners
  • Designated Partners: Min 2(No upper limit)
  • Min: 1 shareholder (for a private company), 7 shareholders (for a public company)
  • Max: 200 shareholders (for a private company), no upper limit (for a public company)
For One Person Company
  • Minimum: 1 individual
  • Maximum: 1 individual
Registration Time 7-10 working days
Promoter Liability Unlimited Liability Limited Liability
Documentation
  • Partnership Deed
  • PAN card of the partnership firm
  • LLP Agreement
  • Incorporation Certificate
  • PAN card of the LLP
  • MOA
  • AOA
  • Certificate of incorporation
  • PAN card of the company
Governance No specific governing law Governed by the terms outlined in the partnership deed Governed by the LLP agreement Governed by a formal structure including a Board of Directors
Transferability Business cannot be transferred Ownership transfer requires the consent of all partners as outlined in the partnership deed. Transferable Easily Transferable for public companies. In private companies, there might be some restrictions.
Compliance Requirements
  • Income tax filing if the turnover exceeds Rs. 2.5 lakhs.
  • Must file ITR 5
  • Must file ITR 5
  • File Form 11
  • Form 8
  • MCA filing
  • Auditor's appointment
  • File ITR 6

RERA Registration FAQ's

Who needs to apply for RERA registration?

Real estate developers, builders, and agents involved in residential or commercial projects exceeding 500 square meters or 8 apartments must register under RERA.

What is the purpose of RERA registration?

RERA registration ensures transparency, accountability, and compliance in real estate projects, protecting the interests of buyers and promoting fair practices in the industry.

What documents are required for RERA registration?

Key documents include PAN card, address proof, ownership/title proof, project details, bank account details for the project, and a copy of the approved building plan.

Can I apply for RERA registration online?

Yes, most state RERA authorities provide online portals for submitting applications and uploading the required documents.

Is RERA registration mandatory for agents?

Yes, real estate agents involved in selling or promoting RERA-registered projects must also register themselves with the respective state RERA authority.

How long is the RERA registration valid?

The validity of RERA registration is linked to the duration of the project and can be extended by applying for renewal with proper justification.

What is the penalty for non-compliance with RERA?

Non-compliance can result in penalties, including fines, imprisonment, or project suspension as per the RERA Act provisions.

What are the benefits of RERA registration?

Benefits include enhanced trust among buyers, compliance with the law, easier access to funding, and a boost in credibility for developers and agents.

Can I renew my RERA registration?

Yes, you can apply for renewal through the state RERA portal by providing updated project details and paying the necessary fees.

What is the process for RERA registration?

The process involves submitting an application online or offline, providing the required documents, paying the registration fee, and obtaining approval from the RERA authority.

Can RERA registration be transferred to a new owner?

RERA registration is not transferable. However, the new owner must apply for registration with the updated project details.

How can Filing Lounge help with RERA registration?

Filing Lounge provides complete support for RERA registration, including document preparation, application filing, and guidance to ensure compliance with RERA regulations.

Related Business Registrations

In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.

FSSAI Registration
IE Code
Trademark Registration
Copyright Registration
Salaried Tax-filing
GST Return Filing

MCA Compliance

Each registered entity is required to meet its compliance duties at the close of each financial year. This generally includes auditing financial statements, filing income tax returns, and submitting annual forms to the Ministry of Corporate Affairs (MCA).

Compliance For Form Due date Penalty
Commencement of Business Intimation to Registrar for Commencement of Business Within 180 days from incorporation INR 50,000 on company and INR 1,000 per day on directors for each day of default
Annual KYC of Directors DIR 3 E-KYC 30th September of every year INR 5,000 for late filing
Appointment of Auditor Form ADT 1 Within 15 days of the AGM INR 300 per day (max INR 12,000)
Financial Statements Form AOC 4 Within 30 days from the AGM INR 100 per day of default
Annual Return Form MGT 7 Within 60 days from the AGM INR 100 per day of default

All Limited Liability Partnerships (LLP) in India must file annual returns with the Ministry of Corporate Affairs (MCA). FilingLounge provides affordable services to help you keep your LLP compliant.

LLP Compliance Form Due date Penalty
Annual KYC of Directors DIR 3 KYC 30th September of every year INR 5,000 for late filing
Annual Return Form 11 May 30th every year INR 100 per day of default
Statements of Accounts and Solvency Form 8 30th October every year INR 100 per day of default (minimum penalty INR 10,000)

In addition to the filings listed above, there may be other compliance requirements relevant to LLPs. To ensure all compliance needs of your LLP are met, please seek assistance from a Filinglounge Advisor.

Entity Compliance Form Due date
Private Limited Company Annual Return MGT-7 Within 60 days from the conclusion of the AGM
Financial Statements AOC-4 Within 30 days from the conclusion of the AGM
DIR-3 KYC DIR-3 KYC 30th September every year
Return of Deposits DPT-3 30th June every year
Appointment of Auditor ADT-1 Within 15 days from the conclusion of the AGM
Income Tax Return (Non-audit case) ITR-6 31st July every year
Income Tax Return (Audit case) ITR-6 30th September every year
Annual GST Return GSTR-9 31st December of the subsequent financial year
MSME Form Form 1 (MCA) half-yearly return by 31st October (April to September), & 30th April for the period October to March every year
Limited Liability Partnership Income Tax Return (Non-audit case) ITR 5 31st July every year
Income Tax Return (Audit case) ITR 5 30th September every year
Annual Return Form 11 30th May every year
Financial Statements Form-8 30th October every year

Note : There might be extra filings needed depending on your business type and activities. Talk to a FilingLounge advisor to get the right guidance for your company's compliance.