Regi

str
ati
onofRealEst
atePr
oject

Ami
tyUni
ver
sit
yPat
na

Fort
hepar
ti
alf
ulf
il
mentoft
hedegr
eeofLL.B(
H)cour
seunder

Ami
tyLawSchool
,Pat
na,
Bai
l
eyRoadNearRupaspur
-801503

Submi
tt
edby

Name-Aashut
oshaman Submi
tt
edt
o

Enr
oll
ment-A460170123005 Abhi
shekDubey

Ami
tyUni
ver
sit
yPat
na

Class-LL.B(
H) Bai
l
eyRoadPat
na-
801503

Sessi
on-2023-
2026

Ami
tyLawSchool
I
ntr
oduct
iont
oRealEst
ateRegi
str
ati
oni
nIndi
a

Ther
egi
str
ati
onofr
eal
est
atepr
oject
sinI
ndi
aisgov
ernedbyt
heReal
Est
ate
(
Regul
ati
onandDev
elopment
)Act
,2016(
RERA)
.Thi
sactai
mst
obr
ingt
ranspar
ency
,
account
abi
l
ity
,andef
fi
ciencyt
other
eal
est
atesect
orbyensur
ingt
hatdev
eloper
s
r
egi
stert
hei
rpr
oject
swi
tht
heReal
Est
ateRegul
ator
yAut
hor
it
yoft
hei
rrespect
ive
st
[Link]
oryr
egi
str
ati
onunderRERAi
sdesi
gnedt
opr
otectt
hei
nter
est
s
ofhomebuy
ers,
promot
efai
rpr
act
ices,
andcr
eat
easy
stem ofi
nfor
med
t
ransact
ionsbet
weent
hebuy
erandsel
l
er.

Obj
ect
ivesoft
heRealEst
ate(
Regul
ati
onandDev
elopment
)Act
,2016

[Link]
anspar
ency
:RERAensur
est
hatbuy
ershav
eaccesst
oal
lnecessar
yinf
ormat
ion
aboutar
eal
est
atepr
ojectbef
oremaki
ngapur
chasedeci
sion.

[Link]
abi
li
ty:Theactmakesdev
eloper
saccount
abl
efordel
i
ver
ingpr
oject
son
t
ime,
aspert
heagr
eed-
upont
erms.

[Link]
otect
ion:Bymandat
ingpr
ojectr
egi
str
ati
on,
RERApr
otect
s
homebuy
ersf
rom f
raud,
del
ays,
andmi
srepr
esent
ati
onsbybui
l
der
s.

[Link]
sput
eResol
uti
on:Ther
egul
ator
yaut
hor
it
yhel
psi
nresol
vi
ngdi
sput
esbet
ween
buy
ersanddev
eloper
sef
fi
cient
ly.

[Link]
andar
dizat
ion:
RERAbr
ingsst
andar
dizat
iont
oreal
est
atet
ransact
ionsacr
oss
t
hecount
ry,
impr
ovi
ngt
rusti
nthemar
ket
.

KeyPr
ovi
sionsofRERARel
atedt
oPr
ojectRegi
str
ati
on

[Link]
sor
yRegi
str
ati
on:

Dev
eloper
smustr
egi
stert
hei
rreal
est
atepr
oject
swi
tht
hest
ateRERAi
fthepr
oject
exceeds500squar
emet
ersorhasmor
ethanei
ghtapar
tment
s.

Pr
oject
sthatwer
eongoi
ngandhadnotr
ecei
vedcompl
eti
oncer
ti
fi
cat
esbef
oret
he
enact
mentofRERAmustal
sober
egi
ster
ed.

[Link]
ionsf
rom Regi
str
ati
on:
Pr
oject
swher
ethel
andar
eai
slesst
han500squar
emet
ersorhasf
ewert
hanei
ght
uni
ts.

Pr
oject
sthathav
erecei
vedt
hei
rcompl
eti
oncer
ti
fi
cat
ebef
oreRERAbecame
appl
i
cabl
e.

Renov
ati
onorr
epai
rpr
oject
sthatdonoti
nvol
vet
hemar
ket
ing,
sal
e,ornew
al
l
otmentofanyapar
tment
sorbui
l
dings.

[Link]
sRequi
redf
orRegi
str
ati
on:Dev
eloper
smustsubmi
tthef
oll
owi
ng
document
swhi
l
eregi
ster
ingar
eal
est
atepr
oject
:

Det
ail
soft
hepr
ojecti
ncl
udi
ngt
hesanct
ionedpl
an,
lay
out
,andspeci
fi
cat
ions.

Pr
omot
er'
sfi
nanci
ali
nfor
mat
ion,
incl
udi
ngdet
ail
soft
hepr
ojectcost
.

Al
egal
tit
ledeedpr
ovi
ngowner
shi
poft
hel
and.

Encumbr
ancecer
ti
fi
cat
e(i
ndi
cat
ingt
hatt
hepr
oper
tyi
sfr
eef
rom anyl
egal
dues)
.

Appr
oval
from r
elev
antaut
hor
it
iessuchasenv
ironment
alcl
ear
ances.

Compl
eti
ont
imel
i
neandst
atusofex
ist
ingpr
oject
sunder
takenbyt
hedev
eloper
.

[Link]
ti
ngFunds:

Theactmandat
est
hatdev
eloper
smustdeposi
t70%oft
hef
undscol
l
ect
edf
rom
buy
ersi
ntoasepar
ateescr
owaccount
.

Thesef
undsar
etobeusedsol
elyf
ort
heconst
ruct
ionoft
hepr
oject
,thuspr
event
ing
t
hemi
suseofbuy
er'
smoneyf
orot
herpur
poses.

[Link]
ineRegi
str
ati
on:

Dev
eloper
sar
erequi
redt
oregi
stert
hei
rpr
oject
sonl
i
nev
iat
heRERAwebsi
teoft
he
r
espect
ivest
[Link]
sensur
est
ranspar
encyandeasyaccesst
opr
ojectdet
ail
sfor
buy
ersandaut
hor
it
ies.
Pr
ocessofRealEst
atePr
ojectRegi
str
ati
onunderRERA

[Link]
ssi
onofAppl
icat
ion:Dev
eloper
smustappl
ytot
hest
ate'
sRERAaut
hor
it
y
t
hrought
heof
fi
cial
por
tal
,pr
ovi
dingal
lnecessar
ydocument
s,pr
ojectdet
ail
s,andt
he
r
equi
redr
egi
str
ati
onf
ee.

[Link]
iewandAppr
oval
:

Theaut
hor
it
yscr
uti
nizest
heappl
i
cat
ionandv
eri
fi
est
heaccur
acyoft
hedocument
s.

I
fal
ldocument
sar
einor
der
,ther
egi
str
ati
oni
sgr
ant
edwi
thi
naper
iodof30day
s.

3.I
ssuanceofRegi
str
ati
onNumber
:

Oncer
egi
ster
ed,
thedev
eloperi
spr
ovi
dedwi
thauni
quer
egi
str
ati
onnumber
.

Thi
snumbermustbepr
omi
nent
lydi
spl
ayedi
nal
lpr
ojectadv
ert
isement
sand
pr
omot
ions.

[Link]
ngCompl
iance:

Dev
eloper
smustr
egul
arl
yupdat
ethest
atusoft
hepr
oject
,incl
udi
ngconst
ruct
ion
pr
ogr
ess,
appr
oval
sobt
ained,
andf
inanci
alst
atusont
heRERAwebsi
te.

Anychangesi
nthepr
oject
,suchasl
ayoutal
ter
ati
onsorpr
ojectt
imel
i
nes,
mustbe
appr
ovedbyRERA.

Ri
ght
sandDut
iesofPr
omot
ersUnderRERA

[Link]
ojectDel
iv
ery
:

Dev
eloper
sar
eobl
i
gat
edt
ocompl
etet
hepr
ojectwi
thi
nthespeci
fi
edt
imel
i
ne,
fai
l
ing
whi
cht
heyar
eli
abl
etocompensat
ebuy
ersf
ordel
ays.

[Link]
ateDi
scl
osur
e:

Dev
eloper
smustdi
scl
oseal
lpr
oject
-r
elat
eddet
ail
ssuchasl
andt
it
le,
lay
outpl
ans,
numberofapar
tment
s,andameni
ti
[Link]
nthepr
ojectmustbe
communi
cat
edt
othebuy
erandappr
ovedbyRERA.
[Link]
ovi
dingWar
rant
y:

Dev
eloper
sar
erequi
redt
opr
ovi
deaf
ive-
yearwar
rant
yforst
ruct
ural
def
ect
sand
r
epai
ranyi
ssuesf
reeofchar
gei
ffounddur
ingt
hisper
iod.

[Link]
ert
isi
ngRegul
ati
ons:

Dev
eloper
smustensur
ethatnof
alsecl
aimsorpr
omi
sesar
emadei
n
adv
ert
isement
sandpr
omot
[Link]
sleadi
ngi
nfor
mat
ioncanr
esul
tinpenal
ti
es
underRERA.

Penal
ti
esf
orNon-
Compl
iancewi
thRERARegi
str
ati
on

[Link]
eloper
s:

Fai
l
uret
oregi
sterapr
ojectwi
thRERAcanr
esul
tinapenal
tyofupt
o10%oft
he
pr
ojectcost
.

I
next
remecases,
dev
eloper
scanf
acei
mpr
isonmentofupt
othr
eey
ear
s.

[Link]
s:

Real
est
ateagent
swhof
aci
l
itat
ethesal
eofnon-
regi
ster
edpr
oject
scanbef
inedand
f
acei
mpr
isonment
.

[Link]
erPr
otect
ion:

I
fabuy
erf
indsdi
scr
epanci
esbet
weent
hepr
omi
sesmadebyt
hedev
eloperandt
he
act
ual
del
i
ver
yoft
hepr
oject
,theycanf
il
eacompl
aintwi
thRERA.

RERAaut
hor
it
ieshav
ethepowert
oimposepenal
ti
esondev
eloper
sandawar
d
compensat
iont
othebuy
er.

I
mpactofRERAont
heRealEst
ateSect
or

1.I
ncr
easedTr
anspar
ency
:

RERAhascr
eat
edamor
etr
anspar
entenv
ironmentf
orhomebuy
ers,
enabl
i
ngt
hem
t
omakei
nfor
meddeci
sionsbasedonr
eal
proj
ectdat
a.
[Link]
mel
yPr
ojectCompl
eti
on:

Theacthasr
educeddel
aysi
npr
ojectcompl
eti
on,
asdev
eloper
sar
ehel
d
account
abl
eforf
ail
i
ngt
omeetdeadl
i
nes.

3.I
mpr
ovedConsumerConf
idence:

Ther
eal
est
atemar
kethaswi
tnessedaboosti
nconsumerconf
idenceduet
othe
assur
ancepr
ovi
dedbyRERAr
egul
ati
ons.

[Link]
ti
gat
ion:

Theest
abl
i
shmentofRERAt
ri
bunal
shassi
gni
fi
cant
lyr
educedl
egal
disput
es
bet
weendev
eloper
sandbuy
ers,
asmosti
ssuesar
eresol
vedwi
thi
nthef
ramewor
k
oft
heact
.

Chal
lengesFacedbyDev
eloper
sandBuy
ers

[Link]
str
ati
onPr
ocessDel
ays:

I
nsomecases,
dev
eloper
sfacedel
aysi
nther
egi
str
ati
onpr
ocessduet
o
bur
eaucr
ati
chur
dlesandl
ongappr
oval
timel
i
nesf
rom v
ari
ousgov
ernment
aut
hor
it
ies.

[Link]
iance:

Dev
eloper
sof
tenf
indcompl
i
ancewi
thRERA,
especi
all
ythe70%f
unddeposi
t
r
equi
rement
,bur
[Link]
scanl
eadt
ocashf
lowconst
rai
ntsdur
ingpr
oject
execut
ion.

[Link]
mit
edAwar
eness:

Manybuy
ersar
est
il
lnotf
ull
yawar
eoft
hei
rri
ght
sunderRERA,
andsomedev
eloper
s
f
ail
toadher
etot
hemandat
orydi
scl
osur
erequi
rement
s.

Concl
usi
on

Thei
mpl
ement
ati
onoft
heReal
Est
ate(
Regul
ati
onandDev
elopment
)Act
,2016has
beenal
andmar
kref
ormf
orI
ndi
a'
sreal
est
atesect
[Link]
ntr
oducedgr
eat
er
t
ranspar
ency
,fai
rness,
andaccount
abi
l
ityi
nreal
est
atet
ransact
ions,
benef
it
ingbot
h
buy
ersanddev
eloper
[Link]
l
echal
l
engesr
emai
n,t
heov
eral
li
mpactofRERAhas
beenposi
ti
ve,
promot
inget
hical
busi
nesspr
act
icesandr
est
ori
ngt
rusti
nther
eal
est
atemar
ket
.

Ref
erences:

TheReal
Est
ate(
Regul
ati
onandDev
elopment
)Act
,2016

St
ateRERAWebsi
tes(
e.g.
,Mahar
asht
ra,
Kar
nat
aka,
Utt
arPr
adesh)

Real
Est
ateRegul
ator
yAut
hor
it
yGui
del
i
nesandFAQs