If you’re planning to get into West Bengal real estate market, whether it's to buy, become an agent, or be a developer, understanding the state’s RERA regulations will matter the most. RERA has been implemented to ensure home buyer's safety and to bring transparency to property transactions.
In this article, we'll take you through the whole RERA West Bengal registration process, from documents required to fee details. This overview will be most helpful for developers and agents who look forward to being compliant and well-informed. Reach Professional Utilities for professional assistance that makes your registration smooth and hassle-free.
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According to RERA West Bengal, any real estate developer or real estate agent with projects of more than 500 square meters or more than eight apartments, has to register under RERA. This is because the developers are supposed to give the buyers the right details of the project and the time for completion.
Registration to RERA West Bengal with the help of a RERA consultant will make real estate agents legal and compliant, keeping them away from any legal complications while also increasing their credibility.
The main objective of the RERA West Bengal Act is that real estate transactions should be open and transparent. When a developer or agent registers with the RERA, the purchaser is assured that the money he invests is safe.
Projects in West Bengal cannot be advertised, sold, or booked unless the project is RERA registered. The requirement is that if the developers or agents fail to comply with this requirement, they are penalized 10 percent of the cost of the project or sent to jail.
The following are required to register themselves with RERA West Bengal:
The process of registering in the RERA West Bengal Act is easy, but it has to be done properly. Here is the process in detail:
The RERA Authority is different for each state, and for West Bengal, you must fulfill the registration process through West Bengal RERA Registration Portal. The West Bengal RERA Registration Portal is developed specifically for the developers and agents working in West Bengal to enter their registration details related to projects or agents, as applicable, under West Bengal Real Estate Regulatory Authority.
When applying, there should be the right selection of the category (dealer or agent). Dealers have to give the details of the project, whereas agents have to give personal as well as business details. The online portal for the RERA West Bengal registration process is very simple to access; it may take some effort to go through all the required sections if you are not aware.
Specific details will be required from your end when the RERA West Bengal registration process is concerned. The details include:
After the application has been submitted, there will be a cost of RERA West Bengal registration fee charges. For the residential sector, it is ₹10 per sq. m. up to 2,000 sq. m., ₹20 per sq. m. for 2,000-5,000 sq. m., and ₹30 per sq. m. for more than 5,000 sq. m. For commercial, it is ₹30 per sq. m. of the FSI area. Charges for the cost of layout or site within specific zones will be ₹5 per sq. m. For extension schemes, the fee will be equal to the initial charge. For individual as well as non-individuals, it will be ₹25,000 and ₹50,000, respectively, for a period of five years.
Once that application has been made along with the required RERA registration fee, your papers shall be checked by RERA West Bengal authority. In case every document is in order, then an exclusive RERA registration number shall be allotted for your housing project.
Once registered, the RERA Registration Number in West Bengal has to be displayed in all advertising media for assuring the buyer of the legal requirements being met.
Depending upon whether you are a developer or an authorized real estate agent, you need different documents for RERA West Bengal registration. Please find below a checklist:
1. For Developers:
2. For Real Estate Agents:
The RERA registration fees in West Bengal differ according to the applicant type. As per reports, developers pay between Rs 10 to Rs 25 per sq m, with a ceiling of Rs 10 lakhs while real estate agents pay Rs 10,000 in case of individuals and Rs 50,000 in case of firms/companies. Here is the detailed fee structure:
| Category | Type | Fee Details |
|---|---|---|
| For Developers | Residential Projects | ₹10 per square meter (up to 2,000 sq m) |
| ₹20 per sq m (2,000-5,000 sq m) | ||
| ₹30 per sq m (more than 5,000 sq m | ||
| Commercial Projects | ₹30 per square meter | |
| For Real Estate Agents | Individual Agents | ₹25,000 registration fee, valid for 5 years |
| Other Entities | ₹25,000 registration fee, valid for 5 years |
Note: Professional fee for RERA in West Bengal starts from ₹99,000. The aforementioned fees are exclusive of GST.
Getting RERA West Bengal registration comes with certain benefits:
Conclusion
In West Bengal, it is mandatory for all real estate agents and builders to register themselves with the RERA. This process of registering with the RERA increases the transparency of the process, making it secure for the purchaser as well as assuring the government rules are followed. If you are planning to begin the process of RERA West Bengal registration or are involved in the sales of the property as a builder with new launches or as a real estate agent, registering with the RERA will prove to be very beneficial for you. Our professionals at Professional Utilities are ready to assist you through the process.
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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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