RERA in Gujarat: Process to Register Project and Agent

The Gujarat Real Estate Regulatory Authority or RERA in Gujarat popularly known as GUJRERA came into force in May 2017, when the state government approved Gujarat Real Estate Rules 2017.

Further, to keep the Real Estate Act 2016 at its basic, the GUJRERA attempts to make real estate transactions, delivery, dealings, and information as crystal clear and transparent as possible.

In this blog, we will discuss the concept of RERA of Gujarat, together with the Process to Register a Project and Agent.

Concept of RERA in Gujarat

As per the provisions of the RERA Act 2016, it is obligatory and compulsory for every Indian State to have a RERA Authority of its own. Further, the main aim behind the implementation of state RERA is to administer and govern the real estate sector within the state limits.

Moreover, the Gujarat RERA Act was passed inMay 2017, and till date, it carries out all the functions and operations as prescribed under the parent act and regulates every segment of the real estate industry in Gujarat as well.

At present, there are 7704 projects and 1317 agents registered, 2559 projects completed, and 2135 complaints resolved under GUJRERA.

Functions of GUJRERA

The different functions of GUJRERA are as follows:

1. Endorses the rights of Homebuyers and Developers;
2. Aims to bring Responsibility and Transparency in the state’s Real Estate Sector;
3. Facilitates Accountability in the transactions and dealings concerning the Real Estate Sector;
4. Provides speedy Dispute Redressal;
5. Purposes to establish a favourable setting for Real Estate Investments;
6. Promotes timely and well-organized Project Execution;
7. Standardizes the development and growth of the Real Estate Sector;
8. Regulates the process for Construction;

Services Offered by Gujarat RERA

The services offered by RERA in Gujarat are as follows:

Home Buyers

The services provided to the Homebuyers by the GUJRERA are as follows:

1. Facility to Lodge Online Complaint against Builder or Developers;
2. Access to all the Details and Records of the Real Estate Projects;

Promoters

The services provided to the Promoters by the GUJRERA are as follows:

1. Facility to Lodge Online Complaints against defaulting Buyers;
2. The mechanism to obtain Registration for a Real Estate Project;
3. Provision to File Project Extension;
4. Updation of Details regarding Registered Real Estate Project on Quarterly basis;

Real Estate Agents

The services provided to the Real Estate Agents by the GUJRERA are as follows:

1. Facility to Lodge Online Complaints against Developer or Builders;
2. Renewal of Registration on the official Gujarat RERA portal;

Applicability For RERA Registration in Gujarat

The ones who are eligible for obtaining RERA Registration in Gujarat are as follows:

1. Any person who constructs or builds a building or a building of apartments;
2. Any person who modifies or renovates an existing structure into apartments to sell other people;
3. Any person who develops land into a real estate project to sell the same to other people;
4. Plots or buildings constructed by any recognised authority or public body on the property owned by the government;
5. Any primitive cooperative or state-level housing finance society that constructs building or apartments for its members or allottees;
6. Any person who operates as a builder, contractor, estate developer, colonizer, developer, or claims to be the holder of Power of Attorney, acquired from the owner of the property on which such a building or plot is being constructed or developed;

Documents Required for Real Estate Registration under RERA in Gujarat

The documents required for obtaining Registration under RERA in Gujarat are as follows:

Registration certificate of the company.

1. Certificate of Registration for the Company;
2. Latest passport-sized photograph for Promoter;
3. Photographs for the Real Estate Project;
4. Certificate of Project Completion for any previous project;
5. Architect certificate in Form 1;
6. NOC (No Objection Certificate) in Form 1A;
7. Photographs of the block/wing/building/ floor;
8. NOC in Form 1B;
9. Engineer Certificate in Form 2;
10. Certificate from Practising Chartered Accountant in Form 3;
11. Balance Sheet for the previous 3 financial years;
12. Profit and Loss statement for the previous 3 financial years;
13. Directors’ Report for the previous 3 financial years;
14. Cash Flow Statement for the previous 3 financial years;
15. Auditor Report;
16. Acknowledgement for Income Tax Return;
17. A copy of the PAN Card;
18. Encumbrance Certificate;
19. Certificate of Commencement;
20. Approved Building or Plotting plan;
21. Approved Layout plan;
22. Performa for Sale Agreement;
23. Land Acquiring Document;
24. Approved Section Plan;
25. Infrastructure Plan;
26. Area Development Plan;
27. Performa for Allotment Letter;
28. Brochure for the Current Real Estate Project;
29. NOCs from all the Authorities;
30. Declaration in Form B;
31. Performa for Sale Deed;
32. Project Photograph;
33. Project Specification;
34. 7/12 Document;
35. Certificate for Title Clearance;
36. Title Report;

Documents Required for Real Estate Agent Registration under RERA in Gujarat

The documents required for obtaining Real Estate Agent Registration under RERA in Gujarat are as follows:

1. Brief Details regarding the individual or enterprise, such as name, type of enterprise, registered address, etc.;
2. Particulars for Registration, such as follows:
3. Memorandum of Association;
4. By-laws;
5. Articles for Association;
6. Name of the individual or entity;
7. Contact details, such as the mobile number and email address;
8. Latest passport-sized photograph of the real estate agent;
9. Address of the Registered Office;
10. Latest passport-sized photographs for all the partners or directors;
11. A copy of the PAN Card;
12. Address Proof of the Registered Office;

Process to obtain Real Estate Project Registration under RERA in Gujarat

The steps involved in the process to obtain Real Estate Registration under RERA in Gujarat are as follows:

Visit the Official Website

In the first step, the applicant requires to visit the official GUJRERA portal^[1].

Click on Project Registration

Now, the applicant requires to click on the option “Project Registration”, located at the end of the homepage.

Select the Type of Promoter

After clicking on “Project Registration”, the applicant will be re-directed to a new page wherein he/she needs to choose the type of promoter from the two option given.

Enter Promoter Details

In the next step, the applicant requires to provide promoters details, such as Email Id, PAN Card, Mobile Number, CIN (Company Identification Number).

Provide Other Details

After that, the applicant requires to provide additional details as follows:

1. Authorised Signatory;
2. Project Head;
3. RERA Registration Number;
4. Previous Project Details;

Enter Project Details

The applicant requires to enter details as follows:

1. Real Estate Project Name;
2. Project Description;
3. Project Commencement Date;
4. Total Land Cost;
5. Total Project Cost;

Enter Development Details

The Development details section includes the information as follows:

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

Enter Internal Development Work Details

The details to be furnished in the Internal Development Work Details section are as follows:

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

Provide Project Bank Details

The term project bank details include the information as follows:

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

Provide Real Estate Agent Details

The term real estate agent details include the information as follows:

1. Agent Registration Number;
2. Name of the Real Estate Agent;
3. Registered Office of the Real Estate Agent;
4. PAN Card details;

Enter Real Estate Project Architect Details

The details to be furnished in Real Estate Project Architect Details section are as follows:

1. Name of the Architect;
2. Email Address of the Architect;
3. Number of Completed Projects;
4. Local Authority;
5. License Number;

Fill in Project Structural Engineer Details

The Project Structural Engineer details section includes the information as follows:

1. Name of the Engineer;
2. Email Address of the Engineer;
3. Number of Key Projects Completed;
4. Year of Commencement;

Upload Required Documents

Once all the details are filed, the applicant will then require to upload all the documents specified.

Make Online Payment

After successfully submitting the form, the applicant needs to make the payment of the Fee prescribed for obtaining registration under RERA in Gujarat. Further, the applicant will be re-directed to the payment gateway, wherein he/she needs to provide the user name and password to make an online payment. After that, click on the option “Agree and Pay” to remit the fee for registration.

Receive Acknowledgement

Once the applicant has successfully made the payment, he/ she will then receive a message that the details of the said real estate project have been submitted successfully. Also, he/she will receive an acknowledgement number which can be used for future reference.

Also, Read: Responsibilities and Duties of Promoter under RERA Act 2016

Process to obtain Real Estate Agent Registration under RERA in Gujarat

The steps involved in the process to obtain Real Estate Agent Registration under RERA in Gujarat are as follows:

Visit the Official Website

In the first step, the applicant requires to visit the official GUJRERA ^[2].

Click on Agent Registration

Now, the applicant requires to click on the option “Agent Registration”, located at the end of the homepage.

Select the Type of Real Estate Agent

After clicking on “Agent Registration”, the applicant will be re-directed to a new page wherein he/she needs to choose the type of agent from the two option given.

Enter Agent Details

In the next step, the applicant requires to fill-in agent details, such as Name, Email Id, PAN Card, Mobile Number, CIN (Company Identification Number).

Upload Required Documents

Once all the details are filed, the applicant or the agent will then require to upload all the documents specified.

Make Online Payment

After successfully submitting the form, the applicant needs to make the payment of the Fee prescribed for obtaining real estate agent registration under RERA in Gujarat. Also, know the importance of RERA registration in Real Estate projects. Further, the applicant will be re-directed to the payment gateway, wherein he/she needs to provide the user name and password to make an online payment. After that, click on the option “Agree and Pay” to remit the fee for registration.

Receive Acknowledgement

Once the applicant has successfully made the payment, he/she will then receive a message that the details of the said real estate agent have been submitted successfully under RERA in Gujarat. Also, he/she will receive an acknowledgement number which can be used for future reference.

Fees for Obtaining Registration under RERA in Gujarat

The fees for obtaining registration under RERA in Gujarat can be summarised as:

Registration Fee for Promoters

Type of Real Estate Project	Registration Fees
Group Housing Project	Area not exceeding 1000 sq. mtr: Rs 5 per sq. mtr. Area exceeding 1000 sq. mtr: Rs 10 per sq. mtr. (Maximum of Rs 5 lakhs)
Mixed Development Project (Residential and Commercial)	Area not exceeding 1000 sq. mtr: Rs 10 per sq. mtr. Area exceeding 1000 sq. mtr: Rs 15 per sq. mtr. (Maximum of Rs 10 lakhs)
Commercial Project	Area not exceeding 1000 sq. mtr: Rs 20 per sq. mtr. Area exceeding 1000 sq. mtr: Rs 25 per sq. mtr. (Maximum of Rs 10 lakhs)
Plotted Development	Rs 5 per sq. mtr (Maximum of Rs 2 lakhs)
Withdrawal of Application for RERA Registration	5% of the total Registration Fee or Rs 25000 (whichever is higher)
Extension of RERA Registration of the Real Estate Project	Amount corresponding to the half of the total registration fee.

Registration Fee for Agents

Particulars	Registration Fee
For Individual	Rs 10000
Other than Individual	Rs 50000
Renewal of the Registration of Real Estate Agent under RERA in Gujarat	Individual: Rs 5000 Other than Individual: Rs 25000

Conclusion

In a nutshell, RERA in Gujarat was enacted to regulate and administer the real estate industry of the state. Further, the main objective behind the implementation of Gujarat RERA Rules was to streamline, monitor, and restructure the real estate sector, which has mainly been unfettered, unorganised and unregulated.

Also, these rules aim to safeguard and protect the interest of both the home buyers and investors in the situation of fraud, delayed projects, and pending payments.

Moreover, under the RERA in Gujarat, it is compulsory and obligatory for all the real estate agents and promoters/builders to obtain RERA Registration.

For any other confusion or doubt, reach out to Swarit Advisors, our real estate experts will assist you with the procedure of RERA Advisory and RERA Registration.

Also, Read: Documents Required For RERA Registration in Maharashtra