RERA Registration in Gujarat
RERA Registration Fees in Gujarat Starts from ₹99,000
If you are thinking to foray into the Gujarat real estate market (as an agent, as a property developer, or as a buyer), there are certain rules and regulations that have to be followed as dictated by the Real Estate Regulatory Authority (RERA) guidelines of Gujarat. RERA has been implemented for ensuring transparency in home buying.
In this article, you will learn how to register in RERA in Gujarat. The documents required and procedures for RERA registration in Gujarat are also discussed in the blog. If you are facing any issues in the registration process in RERA in Gujarat, you can refer to Professional Utilities. The process will be easy and free from hurdles.
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As per RERA Gujarat, any real estate developer or real estate agent with projects of more than 500 square meters or eight apartments is required to register with RERA. This is more of an idea that forces the developers to provide potential buyers with accurate information regarding the project, as well as complete it within the stipulated time.
The primary object of the RERA Gujarat Act is to ensure greater transparency in realty transactions. When a builder or agent registers with the RERA, the builder or agent gives an assurance to the buyer of the security of the funds he invests.
In Gujarat, the registration under RERA is mandatory, and the project cannot be advertised, sold, or booked without the registration. The developers or the agents, are liable to punishment with a fine up to 10 percent of the cost of the project or even imprisonment.
The primary objective of the RERA Gujarat Act is to ensure greater transparency in realty transactions. When a builder or agent registers with the RERA, the builder or agent gives an assurance to the buyer of the security of the funds he invests.
In Gujarat, the registration under RERA is mandatory, and the project cannot be advertised, sold, or booked without the registration. The developers or the agents, are liable to punishment with a fine up to 10 percent of the cost of the project or even imprisonment.
The process for registration in RERA Gujarat is simple but has to be done correctly. Follow the given-below steps:
Step 1: Visit the RERA Gujarat Portal
The RERA authority is different in every state, in Gujarat, you have to do the RERA registration through the Gujarat RERA Registration Portal. This is a facility provided to the developers as well as agents working in Gujarat to enter either project or agent RERA registration, as necessitated by Gujarat Real Estate Regulatory Authority.
Step 2: Choose the Appropriate Form
While filling the form, one needs to select the correct category (Developer or Agent). In the case of developers, one needs to provide the project information, while agents need to provide personal and business information. Nonetheless, the online registration process with the RERA Gujarat government website is quite easy to access, although navigating through the Mandatory Fields may be slightly difficult if one doesn’t have prior knowledge.
Step 3: Submit Required Details
You will be required to provide specific information at the time of RERA Gujarat registration that includes:
Step 4: Payment of RERA Gujarat Registration Fees
Once you complete the application form, you will be required to pay the RERA Gujarat registration fees. The RERA registration fees for residential projects are different. On an average, between ₹ 10 to ₹ 15 per square meter, based on the total area of the project. It shall be ₹ 10 per sq. m for up to 1,000 sq. m and ₹ 15 per sq. m for larger projects. For commercial areas, the fees are ₹ 20 to ₹ 25 per square meter depending on the project. For any type of project, the maximum fees are capped at ₹ 10 lakh to limit higher-end costs.
Step 5: Verification and Approval
After applying for the project with the required RERA registration fee, your papers will be processed for verification by the concerned authority of RERA Gujarat. On the successful verification of all papers, a special number is generated for your project.
Step 6: Display of RERA Gujarat Registration Number
After successful registration, the RERA Gujarat registration details has to be displayed clearly on all their marketing materials to ensure that they are legal.
Depending on whether you are a developer or a real estate agent, different documents are necessary for RERA Gujarat registration. Here is a checklist:
1. For Developers:
2. For Real Estate Agents:
Fees for RERA registration in Gujarat differ according to the category of the person applying for the same. Developers pay ₹10-₹25 per sq. m., capped at ₹10 lakh, while real estate agents pay ₹10,000 (individuals) or ₹50,000 (firms/companies).
| Category | Type | Fee Details |
|---|---|---|
| For Developers | Residential Projects | ₹5 per sq. m (up to 1,000 sq. m.) |
| ₹10 per sq. m (above 1,000 sq. m.) | ||
| Fee capped at ₹10 lakh | ||
| Commercial Projects | ₹20 per sq. m (up to 1,000 sq. m.) | |
| ₹25 per sq. m (above 1,000 sq. m.) | ||
| Fee capped at ₹10 lakh | ||
| For Real Estate Agents | Individual Agents | ₹10,000 registration fee, ₹5,000 renewal fee |
| Other Entities | ₹50,000 registration fee, ₹25,000 renewal fee |
Note:Professional fee for RERA in Gujarat starts at ₹99,000. The aforementioned charges are exempt from GST.
Registration under RERA Gujarat provides following benefits:
Conclusion
All the agents/developers working on real estate transactions in the state of Gujarat are required to be RERA registered. It is very transparent, protecting the buyers, as well as serving the legal requirements of the state. Whether you are a real estate developer working on a real estate project or an agent involved in real estate transactions, RERA registration is mandatory.
We, at Professional Utilities, are here to help you with the entire process of RERA Registration in Gujarat. Our professionals take care of all the compliances so that the process remains smooth.
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Obtaining RERA Registration in Chhattisgarh will be less cumbersome and rapid when compared to that of Gujarat. This is due to less application intake in Chhattisgarh with fewer procedures to follow, unlike in Gujarat where a longer process of verification has to be done..
It is imperative to register in RERA to ensure transparency and protect home buyers interests
The developers/agents who implement schemes above 500 sq. meters or have more than eight units have to register.
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