RERA is the Real Estate Regulatory Authority, which was set up as an Act in 2016 by the Parliament of India. The primary objective of the RERA Act is to safeguard the buyers of plots from any kind of fraudulent activities and to contribute to the growth of the Real Estate Investments. The RERA Act provides transparency, accountability, and protection to the buyers of plots, apartments, and flats. Not only in Gurgaon, the RERA act applies all over India, but a separate set of rules has been made for each state. The act plays an important role in building the trust and confidence of the buyers in the builders involved in the construction of the project. Once a project gets registered under the act, the trust and confidence in that project increases due to the established reputation of this act over the years.RERA Projects in Gurgaon There are large numbers of RERA approved plots located all across India majorly in Gurgaon. The Developers firstly look into the RERA registration process as it provides various benefits to the developers as well as to the buyers. There are almost 600RERA approved projects in Gurgaon, which are namely the Godrej Zenith which will be launched soon, Smart world the Edition which is a under construction project and will be completed in 2031, Puri Diplomatic Residents which is a under construction project and will be completed in 2028, DLF Privana is one of the newly launched project which will be completed in 2026, Élan the Presidential it is one of the under construction project and would be completed this year, M3M Capital is one of the under construction project and will be completed in 2026.These are only few mentioned projects there are many more projects located which provides the various facilities as well as the benefits of RERA act.Documents Required for the Registration Process in RERA
Documents required for registration include:Registration fees payable via cheque/bank draftLand license for the projectDocuments related to the license validationOwnership documentsCopy of bilateral agreement (DTCP) and DTCP (LC IV) at the time of grant of the licenseVarious documents related to cooperation and the licenseCash flow statement for the registering projectCertificate from chartered accountant with balance sheets/revenue statement to be acknowledgedDraft allotment letter and draft agreementCopy of company certificate of incorporationCopy of CIN number and PAN number of companyCopy of address proof (Aadhar card)Chairman managing director's PAN CardTotal liabilities held by project till dateEstimated cost of projectBalance sheet of last 3 years of developer and licenseHow to Apply for RERA?
The process of registration starts as firstly if in case you are registering from Gurgaon, you have to visit website - https://haryanarera.gov.in/ . Then select project registration and sign up for continuing the registration process, then a another page would be opened where you have to fill some basic information regarding the project save the correct information then a page regarding applicant details would be opened fill the details according in the required fields, then in the new page according to form A deposit the requisite fees as per the rules of RERA. Here the online registration form is filled you can preview your form and rectify your mistakes if any and temporary project ID would be saved in the system for future references, then take out the print out of the form keep it in office records and submit to the authority with all the required documents. After the submission of the documents as well as the online forms a receipt will be generated which enable the project to be recognizable and process will would continue as per the needs.