RERA in Uttarakhand: Process to Register Project and Agent

According to the provisions stated under the Real Estate (Regulation and Development) Act 2016, it is compulsory for all the residential and commercial Real Estate Projects to obtain RERA Registration in the respective stated. In the same manner, every promoter and agent needs to make an application to the authority for obtaining registration under RERA in Uttarakhand.

In this blog, we will discuss the concept and process to obtain registration under RERA in Uttarakhand.

Objectives of Registration under RERA in Uttarakhand

The objectives of registration under RERA in Uttarakhand are as follows:

1. To Infuse Accountability and Transparency;
2. To Ensure Speedy Redressal of Grievances;
3. To Inculcate the Habit of Professionalism Among Promoters and Builders;
4. To Safeguard Buyer’s Interest and Right;
5. To Penalize Promoters for Fraud and Delayed Possession;
6. To Regulate Overall Real Estate Industry;

Benefits of Registration under RERA in Uttarakhand

The benefits of obtaining registration under RERA in Uttarakhand are as follows:

1. Guarantees Timely Delivery of Possession;
2. Offers Accurate Project Status Details;
3. Ensures that the Promoter has Acquired all the Necessary Permits and Clearances;
4. Penalizes for Project Advertisement without obtaining Registration under RERA in Uttarakhand;
5. Provides that Earnest Money must not be above 10% of the Total Amount;

Services Offered by RERA in Uttarakhand

The services offered by RERA in Uttarakhand are as follows:

1. Real Estate Project Registration;
2. Real Estate Agent Registration;
3. RERA Training;
4. RERA Consultancy;
5. Real Estate Project Quarterly Compliances;
6. Project Extension;
7. Change in the Name of Project;
8. Change in the Bank Account;
9. Application for the Completion of the Project;

Eligibility Criteria for Registration under RERA in Uttarakhand

The eligibility criteria for registration under RERA in Uttarakhand are as follows:

1. All the real estate projects that are constructed on land more than 500 sq. mtr in area;
2. All the projects or buildings that are having more than 8 apartments;
3. If the builder has acquired the certificate of project completion after the commencement of Act;

Documents Required for Registration under RERA in Uttarakhand

The documents required for registration under RERA in Uttarakhand are as follows:

1. A copy of PAN Card for the Promoter;
2. Audited Balance Sheet of the company for the previous 3 financial years;
3. Copies of ITR filing of the Promoter Company for the preceding 3 financial years;
4. Details concerning the Parking Spaces in the Real Estate Project;
5. A Copy of the Legal Title Deed or Sale Deed, together with the other Valid Documents;
6. All the Encumbrance Details regarding the Proposed Real Estate Project;
7. All the General and Business Details regarding the Proposed Real Estate Project;

Documents Required for Real Estate Agent Registration in URERA

The documents required for the real estate agent registration In URERA are as follows:

1. A copy of PAN Card;
2. A Copy of the Address Proof of the Agent/ Directors/ or Partners;
3. Certificate of Registration, in the case of Firms and Companies;
4. A copy of the Address Proof of the Place being used as Registered Office;
5. Two Latest Passport sized Photographs of the Agent/ Partners/ or Directors, etc. (as the case may be);
6. Income Tax Returns for the preceding 3 financial years;

Fees and Charges under RERA in Uttarakhand

The fees and charges levied under RERA in Uttarakhand can be summarised as:

Projects Details	Registration fee
Project Registration Fee for a Group Housing Project	Rs 10 per square meter and a maximum fee of Rs 5 lakhs
Project Registration Fee for a Mixed Development Project	Rs 15 per square meter and a maximum fee of Rs 7 lakhs
Project registration Fee for a Commercial Project	Rs 20 per square meter and a maximum fee of Rs 10 lakhs
Project Registration Fee for a Plotted Development Project	Rs 5 per square meter and a Maximum Fee of Rs 2 lakhs

Process to Obtain Registration under RERA in Uttarakhand

The steps involved in the process to obtain registration under RERA in Uttarakhand are as follows:

Visit the Official URERA Portal

The foremost step in the process to obtain Registration under RERA in Uttarakhand, the applicant requires to visit the Official website of URERA^[1].

Project Registration                                                 

Now, he/she requires to choose the first option out of the three available, i.e., Project Registration.

Type of Promoter

After choosing the first option, the applicant needs to choose the type of promoter from the option available and needs to provide the email address and mobile number as well. After that, click on “Next” to move further in the process of registration under RERA in Uttarakhand.

Enter Verification Code

In the next step, the applicant will receive a verification code each on the provided email address and mobile number.

Further, the applicant requires to enter the received OTP in the space provided.

Details of the Promoter

Now, the applicant needs to fill the details of promoter, such as follows:

1. Promoter Name;
2. PAN Number;
3. Mobile Number;
4. Permanent Address;
5. Company Registration number;

Further, after filing all the details, click on the “Next” button.

Details of the Project

Now provide the details of the project required for registration under RERA in Uttarakhand. The term “Project Details” includes the following:

1. Project Name;
2. Project Description;
3. Commencement Date of the Project;
4. Total Cost of Land; and
5. Total Project Cost;

Details concerning Development

In this part of the registration form, the applicant needs to provide development details, such as

1. Type of Inventory;
2. Total Number of Inventory and Funds available for Sale;
3. Carpet Area;
4. Total Area of the Balcony;
5. Total Area of Private Open Terrace;

Details concerning External Development Work

The term “External Development Work” includes the details as follows:

1. Road System;
2. Water Supply;
3. Sewage and Drainage;
4. Electricity Supply, and;
5. Solid Waste Management;

Details of Project Banks

The term “Project Banks” include the details as follows:

1. Bank Details;
2. Branch Name;
3. Account Name, and;
4. IFSC Code;

Details of Project Architects

The term “Project Architects” include the details as follows:

1. Registration Number for Architect;
2. Architect Name;
3. Architect Address;

Details of Structural Engineers

The term “Structural Engineers” include the details as follows:

1. Registration Number for Engineer;
2. Engineer’s Name;
3. Engineer’s Address;
4. Pin Code;
5. Email Id;
6. Year of Establishment;

Details of Project Contractor

The term “Project Contractor” include the details as follows:

1. Contractor’s Name;
2. Contractor’s Address;
3. Email Id;
4. Year of Establishment;
5. Pin Code;

After that, the applicant needs to click on the button “Next”.

Upload Requisite Documents

Now, in the next step, the applicant requires to upload all the above mentioned documents in the prescribed manner.

Now, click on the option “Submit”.

Make Fee Payment

In the final step, after clicking “Submit”, the applicant need to pay the amount prescribed as Fee for obtaining registration under RERA in Uttarakhand.

Receive a Mail of Acknowledgement

After making the payment, the applicant will receive an email of acknowledgment, which will include application reference number as well.

The applicant needs to save the number to use it for any future reference.

Also, Read: What are the RERA Benefits for NRI Buyers?

Process to Obtain Real Estate Agent Registration under URERA

The steps involved in the process to obtain real estate agent registration under URERA are as follows:

Visit the Official URERA Portal

The foremost step in the process to obtain Registration under RERA in Uttarakhand, the applicant requires to visit the official website of URERA.

Agent Registration                                                  

Now, he/she requires to choose the second option out of the three available, i.e., Agent Registration.

Type of Agent

After choosing the second option, the applicant needs to choose the type of agent from the option available and needs to provide the email address and mobile number as well.

After that, click on “Next” to move further in the process of real estate agent registration under RERA in Uttarakhand.

Enter the Received Verification Code

In the next step, the applicant will receive a verification code each on the provided email address and mobile number.

Further, the applicant requires to enter the received OTP in the space provided.

Furnish Required Details

Now, in this step of the process to obtain real estate agent registration under RERA in Uttarakhand, the applicant needs to furnish all the details asked.

Upload Necessary Documents

Now, in the next step, the applicant requires to upload all the above mentioned documents in the prescribed manner.

Now, click on the option “Submit”.

Pay the Fee Prescribed

In the final step, after clicking “Submit”, the applicant need to pay the amount prescribed as Fee for obtaining real estate agent registration under RERA in Uttarakhand.

Receive an E-Mail of Acknowledgement

After making the payment, the applicant will receive an email of acknowledgement, which will include application reference number as well.

The applicant needs to save the number to use it for any future reference.

Conclusion

In a nutshell, RERA in Uttarakhand or URERA was enforced to administer and govern the real estate industry of the said state. Further, all the provisions and regulations of these rules aim to protect and safeguard the rights and interest of both buyers as well as the developer/builder, in the event of pending payments, misrepresentation, delayed possession, fraud, etc.

Likewise, it is compulsory and necessary for all the real estate builders/developers and agents to obtain Registration under RERA in Uttarakhand.

For any other query, doubt or difficulty, reach out to Swarit Advisors, our proficient and experienced RERA experts will assist you with the process to get Registration under RERA in Uttarakhand along with RERA Advisory.

Also, Read: RERA Registration In Delhi: Process To Register Project & Agent