RERA Registration

How to Register a Project under RERA in Madhya Pradesh?

How to Register a Project under RERA in Madhya Pradesh?
Shivani Jain
| Updated: Nov 17, 2020 | Category: Rera

The Madhya Pradesh Real Estate Regulatory Authority or RERA in Madhya Pradesh commonly called MPRERA was enforced by the state government on 22.10.2016. Further, the main objective behind the implementation of MPRERA was to regulate and boost the Real Estate Industry of the state.

Moreover, it shall be pertinent to mention that in order to keep the Real Estate Act at its core, the MPRERA strives to make contracts, transactions, dealings, and delivery of details and information as understandable and simple as possible.

In this blog, we will discuss the concept of Register Project under RERA in Madhya Pradesh, together with the procedure of RERA registration Project and Real Estate Agent under it.

Objectives of MPRERA

The key objectives of MP RERA are as follows:

  1. Establishes a system for Quick and Speedy Redressal of the Complaints filed.
  2. Ensures that all the Requirements and Disclosures norms are duly complied by Promoters.
  3. Provides Guidance and Support to the Government on matters concerning the Development and Growth of the Real Estate Sector.

Benefits of RERA in Madhya Pradesh

The benefits of implementing RERA in Madhya Pradesh are as follows:

RERA in Madhya Pradesh Benefits

Timely Delivery

One of the main benefits of MPRERA is that it provides hefty penalties on Promoters and Developers if they cause intentional and unnecessary delay in the delivery of the project. 

Provides Guarantee

All the properties registered under RERA in Madhya Pradesh have a five-year guarantee regarding the sound construction quality.

No Misleading Advertisements

No Promoter or Developer is allowed to market and advertise its real estate projects before the successful completion of the project and registration with the regulator.

Key Obligations for Promoters, Developers, and Builders

The key obligations for Promoters, Developers, and Builders are as follows:

  1. Get the original layout plan, together with the specifications promised to the allottees approved.
  2. The total amount collected from the allottees or buyers and utilized for the activities involved in the completion of the project.
  3. Status of the real estate project must have attached photographic evidence.
  4. Size of an apartment must be based on the carpet area.
  5. Bank details of the “Escrow Account” which is having at least 70% of the total amount collected from the allottees.

Forms Required for Registration under MPRERA

The Forms required for Registration under RERA in Madhya Pradesh are as follows:

RERA Forms for Buyers

  1. Appeal to Appellate Tribunal in Form L.
  2. Filing of Complaint to RERA Authority in Form M.
  3. Filing of Application to the Adjudication Officer in Form N.

RERA Forms for Developers

  1. Filing of Application for the Registration of Real Estate Project in Form A.
  2. Filing of Declaration in Form B.
  3. Filing of Registration Certificate of the Real Estate Project in Form C.
  4. Intimating Revocation or Rejection of the Real Estate Project in Form D.
  5. Filing of the Application Form for the Extension of the Real Estate ProjectRegistration in Form E.
  6. Filing of the Certificate of Extension of Registration in Form F.
  7. Filing of Complaint to Authority in Form M.
  8. Filing of Complaint to the Regulatory Authority in Form N.

RERA Forms for Agents

  1. Filing of the Application for the Registration of Real Estate Agent in Form G.
  2. Filing of the Registration Certificate of the Real Estate Agent in Form H.
  3. Intimating Revocation or Rejection of the Real Estate Agent in Form I.
  4. Filing of the Application for Renewal of Real Estate Agent Registration in Form J.
  5. Filing of the Renewal of Real Estate Agent Registration in Form K.
  6. Filing of Appeal to Appellate Tribunal in Form L.
  7. Filing of Complaint to Authority in Form M.
  8. Filing of Complaint to the Regulatory Authority in Form N.

Documents Required for Registration under RERA in Madhya Pradesh

The documents required to Register a Project under RERA in Madhya Pradesh are as follows:

  1. A copy of By-Laws.
  2. A copy of MOA and AOA.
  3. Latest passport size photograph for the Promoter.
  4. Latest passport size photographs for the director, chairman, and all the other members in case the promoter is a firm or private company.
  5. PAN Card and Aadhaar Card of the Promoter/Developer.
  6. PAN Card or Aadhaar Card copies of the director, chairman, and all the other members in case the promoter is a firm or company.
  7. Audited Balance Sheet, P & L Account, Auditors Report, and Income Tax Returns of the promoters for the previous 3 financial years.
  8. Legal Title Deed to show that the promoter has the absolute right over the project proposed.
  9. Non-Encumbrance Certificate granted by the Revenue Authority who is not lower than the Tehsildar.
  10. Particulars of the Encumbrances on the proposed Property.
  11. NOC from the owner of the property.
  12. A copy of the approvals received by the competent authority;
  13. A copy of the Commencement Certificate issued.
  14. Layout Plan, Sanctioned Plan, Specifications of the Project approved by the competent authority.
  15. Address Details of the Project, together with its location in the longitude and latitude of end-points.
  16. Details about the Area of the Apartment offered for Sale;
  17. Performa of the Allotment Letter.
  18. Agreement for Sale
  19. Conveyance Deed
  20. Number and Area of Garage offered for sale in the proposed project.
  21. Number of open spaces given for parking in the project.

Also, Read: RERA in Rajasthan: A Complete Guide on Rajasthan RERA

Process to Register Promoter under RERA in Madhya Pradesh

The steps involved in the process to register Promoter under RERA in Madhya Pradesh are as follows:

Registration process MPRERA

Visit the Official Website

In the first step, the applicant or promoter needs to visit the Official Madhya Pradesh RERA Portal[1].

Website RERA in Madhya Pradesh

Click on Registration

In the next step, the applicant requires to click on the second last option from the dashboard, i.e., Registration. After that, choose the option “Project Registration” from the drop-down menu.

Click on Registration

Instructions for Project Registration

Upon clicking on the tab, the user will be directed to the new page where instructions regarding the filing of Web Application can be found.

Project Registration instructions

Click on Proceed

Now, on the same page, click on the “proceed” button, located at the end of the instruction manual.

Click on Proceed

Project Registration

Now, in the next step, the applicant will be redirected to a new webpage, named as “Project Registration”.Over here, the form will be divided into 3 parts, i.e., Promoter Details, Project Details, and Bank Details. Also, the applicant/promoter requires to upload the necessary documents as well.

Promoter Details

The details included under this part as follows:

  1. Applicant Type
  2. PAN Number
  3. Promoters Name
  4. PAN Copy
  5. Father’s Name
  6. Email
  7. Latest Passport Size Photograph
  8. Mobile Number
  9. Address
Promoter Details

Project Details

The details included under this part as follows:

  1. Type of Project
  2. Project Nature
  3. Estimated Construction Cost
  4. Total Carpet Area
  5. Estimated Land Cost
  6. Total Land Area
  7. Period Proposed
  8. Area Exempted
  9. Proposed Start Date
  10. Area Included
  11. Proposed End Date
  12. Type of Residence
  13. Project Name
  14. State
  15. District
  16. Tehsil
  17. Planning Area
  18. Project Address
  19. Land Ownership
  20. Agency for External Development
Project Details

Bank Account Details

The details included under this part as follows:

  1. Bank Account Number
  2. IFSC Code
  3. Account Name
  4. Branch Name
  5. Bank Name
  6. Branch Address
Bank Account Details

Check Declaration and Save

Now, the applicant requires to tick the declaration statement and click on the option “Save” to proceed towards payment.

Check Declaration and Save MPRERA

Make Payment

Now, the applicant requires to press the button “Make Payment” to proceed further for payment. After that, click on “Confirm” to complete the process of registration.

Fee Structure under RERA in Madhya Pradesh

For New Projects: 

Type of Project Registration Fee 
Plotted Residential Projects  Rs 10 per Sq. mtr. X Floor Area Ratio;
Constructed Residential Projects Rs 10 per Sq. mtr. X Carpet Area of the Residential Units + Rs 20 per Sq. mtr. X Carpet Area of the Commercial Units; 
Plotted Commercial Projects  Rs 20 per Sq. mtr. X Floor Area Ratio x Area of the Total Plotted Land; 
Constructed Commercial Projects Rs 20 per Sq. mtr. X Carpet Area of all the Constructed Commercial and Non-Residential Constructions; 
Mixed Projects  Fee determined in ratio to the Proposed Residential and Non-Residential Area; 

For Ongoing Projects: 

Type of Project Registration Fee 
Plotted Residential Projects Rs 40 per Sq. mtr. X Floor Area Ratio; 
Constructed Residential Projects  Rs 40 per Sq. mtr. X Carpet Area of the Residential Units + Rs 40 per Sq. mtr. X Carpet Area of the Commercial Units; 
Plotted Commercial Projects  Rs 80 per Sq. mtr. x Floor Area Ratio X Area of the Total Plotted Land; 
Constructed Commercial Projects  Rs 80 per Sq. mtr. X Carpet Area of all the Constructed Commercial and Non-residential Constructions; 
Mixed Projects  Fee Calculated in ratio to the proposed Residential and Non-residential Area; 

Rejection of Application under RERA in Madhya Pradesh

In case a developer/promoter applies for the withdrawal of registration of the real estate project or in case the authorities decide to reject the application filed, then the paid RERA registration fees in India is refunded within a period of 30 days, after deducting 10% from the amount paid.

Validity of Registration under RERA in Madhya Pradesh

If in case the details furnished are correct and accurate as per the guidelines issued, a Certificate of Registration will be issued to the developer/promoter, which is valid for 5 years.

Conclusion

In a nutshell, the main reason behind the implementation of Register a Project under RERA in Madhya Pradesh is to curb the unethical behaviour by the real estate developers/promoters, or agents and to protect the interest of allottees and home buyers as well.

Also, the same act as a shield against the wrongdoings in the Real Estate Industry and eliminates the troublemakers and fly-by-night operators as well.

Also, Read: Real Estate Act 2016: A Detailed and Conceptual Analysis

Shivani Jain

Shivani has completed her B com LLB (Hons) and has the experience of writing various research papers during her college time. Earlier she was working as an Associate in a Delhi based Law Firm, but her interest in writing made her pursue Legal Content Writing as a career. Her core area of interest is in writing about various legal enactments, tax, and finance.

RERA Registration
 

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