If you are getting into the real estate sector in Punjab as a developer, agent, or buyer, you need to understand the Real Estate Regulatory Authority (RERA) guidelines of the state. To protect home buyers and bring transparency to real estate projects, the Realty Regulation Development Act, 2016 (RERA) was enforced.
In this article, we will walk you through the RERA Punjab registration process, fees, and documents required so that you as a developer or an agent can keep yourself fully updated. Contact Professional Utilities to assist you with any problems with your registration and to help streamline the process.
It is essential under RERA Punjab for any real estate developer or real estate agent with projects extending more than 500 square meters or having more than eight apartments to register under it. This is to ensure that developers give buyers accurate, clear project details and follow timelines.
The registration to RERA Punjab will promise legitimacy and compliance, hence keeping the real estate agents away from any kind of legal complication while improving their credibility.
The main intent of the RERA Punjab Act is to achieve transparency and accountability in real estate dealing. Once a developer or an agent completes their registration the buyer is guaranteed that his investments are secured.
In Punjab, RERA registration is mandatory and projects cannot be marketed, sold, or booked without it. Developers or agents may be fined up to 10% of the project cost, or imprisoned if they fail to comply.
The following parties are required to register with RERA Punjab:
The RERA Punjab registration process is straightforward but needs to be completed accurately. Below is a step-by-step breakdown:
The RERA authority is different for every state, and for Punjab, you need to complete the registration process through the Punjab RERA Registration Portal. This portal is specifically designed for developers and agents operating in Punjab to submit their project or agent registration details as required under the Punjab Real Estate Regulatory Authority
When applying, it’s important to select the right category (developer or agent). Developers must submit project details, while agents are required to provide their personal and business information. However, the RERA Punjab registration online portal is easy to access, but navigating the required sections can be a bit difficult if you don’t have prior knowledge.
You will be required to provide specific information during the RERA Punjab registration process, including:
Once you fill the application, you will have to pay the RERA Punjab registration fees. The RERA registration fees for residential projects vary on an average between ₹10 to ₹15 per square meter, based on the total area of the project. The fee for group housing projects is ₹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.
Once the application has been submitted along with the required RERA registration fee, your documents will be verified by the RERA Punjab authority. When everything is alright, a unique registration number will be issued for your project.
Once registered, the RERA Punjab registration number must be prominently displayed in all promotional materials, assuring buyers of compliance with the law.
Depending on whether you are a developer or real estate agent, different documents are required for RERA Punjab registration. Below is a checklist:
RERA Registration Fees in Punjab vary by applicant type. Developers pay ₹10-₹25 per sq. m., capped at ₹10 lakh, while real estate agents pay ₹10,000 (individuals) or ₹50,000 (firms/companies). Below is a detailed fee structure:
| Category | Type | Fee Details |
|---|---|---|
| For Developers | Residential Projects | ₹10 to ₹15 per sq. m, depending on project size. |
| Fee capped at ₹10 lakh | ||
| Commercial Projects | ₹20 to ₹25 per sq. m, depending on project size. Fee capped at ₹10 lakh. | |
| Fee capped at ₹10 lakh | ||
| For Real Estate Agents | Individual Agents | ₹5,000 registration fee |
| Other Entities | ₹25,000 registration fee |
Note: Professional fee for RERA in Punjab starts from ₹99,000. The aforementioned fees are exclusive of GST.
Obtaining RERA Punjab registration offers several benefits:
Conclusion
Developers and agents engaged in real estate projects require RERA Punjab registration. It is transparent, protects the buyers and also ensures compliance with state regulations. Regardless of whether you’re a developer launching a project or an agent handling sales, the RERA registration is a must to avoid legal complications and increase your credibility.
Professional Utilities helps you in the entire RERA Punjab registration process and also take care of all the compliances and smooth operations. If you are in need of expert help with your registration, contact us today.
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It is mandatory to register with RERA by developers and real estate agents to ensure transparency and protect buyers interests.
The developers and agents who undertake projects greater than 500 square meters or have over eight units have to register.
The proof of land ownership, sanctioned drawings, and finance documents; agents demand PAN card, proof of address, and company documents.
It is unlawful to market or sell an unregistered project and can result in imprisonment or penalties
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