RERA Registration Number Check: A Simple Guide for Plot Buyers

One of the crucial steps in this process is ensuring that the property you are considering is legally registered and compliant with regulations.

RERA registration refers to registering real estate projects and agents under the Real Estate (Regulation and Development) Act, 2016, commonly known as RERA.

In India, the Real Estate (Regulation and Development) Act, 2016, known as RERA, mandates that all real estate projects be registered with the Real Estate Regulatory Authority. This act aims to enhance transparency in the real estate sector and protect the interests of homebuyers.

For instance, you can explore RERA-approved projects in Chennai, including those by Sameera Estates, to ensure your investment is sound. This blog will walk you through what is a RERA registered plot, RERA certificate, RERA number, and how to check RERA approval online to ensure that your investment is secure, especially when considering ongoing projects in Chennai.

Understanding RERA and Its Importance

RERA was established to regulate the real estate sector in India and protect homebuyers from fraudulent practices. Here are some key provisions of RERA:

• Mandatory Registration: All real estate projects must be registered with RERA before they can be marketed or sold. Hence, it is required to perform the RERA number check.
• Transparency: Developers are required to provide detailed information about their projects, including layout plans, approvals, and timelines.
• Accountability: Developers must maintain an escrow account where at least 70% of the funds collected from buyers are deposited for construction purposes only.
• Timely Delivery: RERA enforces strict timelines for project completion, ensuring that buyers receive possession on schedule.

Understanding these provisions is essential for any buyer looking to invest in real estate.

Buying a RERA-approved plot offers numerous benefits that enhance the security and transparency of real estate transactions.

Here are some key advantages of purchasing a RERA-approved plot:

• 1. Transparency in Transactions
• 2. Financial Security
• 3. Timely Project Delivery
• 4. Consumer Protection
• 5. Quality Assurance
• 6. Standardized Carpet Area Measurement
• 7. Dispute Resolution Mechanism
• 8. Restrictions on Advance Payments

Steps to Check If a Plot is RERA Registered

Checking whether a project is RERA-approved is a straightforward process that can be done online through state-specific RERA websites. You can verify the RERA Registration Certificate for the project, which confirms its compliance with regulatory standards. Additionally, you can explore RERA Registered Projects to ensure that the property you are interested in meets all necessary legal requirements. Here’s a step-by-step guidance:

Step 1: Identify Your State's RERA Website

RERA registration is managed at the state level, meaning each state has its dedicated portal. To begin, you need to find the official RERA website for the state where your prospective property is located. For example:

• Maharashtra: MahaRERA
• Karnataka: Karnataka RERA
• Delhi: Delhi RERA

You can easily find these websites through a simple Google search or by using the RERA Check Online option available on these portals to verify project details and registration status.

Step 2: Navigate to the Project Search Section

Once you’re on your state’s RERA website, look for options like “Search Registered Projects” or “Project Status.” This section allows you to access the database of registered projects.

Step 3: Enter Project Details

You can search for the project using one of the following details:

• Project Name: Enter the name of the project as provided by the developer.
• RERA Registration Number: If the developer has shared the RERA registration number, you can directly enter it to verify the project.
• Location: If you’re unsure about the project name or registration number, you can search by the city or district where the property is located.

Step 4: Review the Project Details

Once you’ve entered the required information, the website will display the details of the project, including:

• ⮚ Project name and address
• ⮚ Developer’s name and contact information
• ⮚ RERA registration number and date of registration
• ⮚ Project status (under construction, completed, etc.)
• ⮚ Approved plans and timelines - Here, you can perform RERA approval check

Take the time to review these details carefully. Ensure that the information provided by the developer matches the details on the RERA website.

Step 5: Verify the Developer’s Credentials:

In addition to checking the project details, you should also verify the credentials of the developer. The RERA website typically provides information about the developer’s track record, including any ongoing or completed projects. This can give you an idea of the developer’s reliability and reputation.

Step 6: RERA Check for Agent Registration (if applicable)

If you’re dealing with a real estate agent, it’s equally important to have a RERA approved agent registration. The RERA website usually has a separate section for RERA-registered brokers. Simply enter the agent’s name or registration number to confirm their legitimacy.

Additionally, you can perform an RERA number search to ensure that the agent is compliant with regulations and authorized to operate in the real estate market.

Red Flags in Non-RERA Registered Projects

Before diving into the red flags, let’s briefly understand why non-RERA registered projects are a cause for concern:

• Lack of Accountability: Non-RERA projects are not bound by the strict regulations that ensure timely delivery, quality construction, and transparency in financial dealings.
• No Legal Recourse: If something goes wrong, homebuyers in non-RERA projects have limited legal options to resolve disputes or seek compensation.
• Risk of Fraud: Without RERA oversight, there’s a higher risk of fraudulent practices, such as fund diversion or false promises.
• Delayed Possession: WNon-RERA projects often face delays due to poor planning, lack of funds, or regulatory hurdles, leaving buyers in limbo.

What to Do if the Property is Not RERA Approved?

If you discover that the property you’re interested in is not RERA-approved, it’s a red flag that should not be ignored. Here’s what you can do:

• Ask the Developer for Clarification: Sometimes, the project may be in the process of getting RERA approval. Ask the developer for an update and request to see the application status.
• Consider Alternative Projects: If the developer is unable to provide satisfactory answers, it’s best to look for alternative projects that are RERA-approved. This will ensure that your investment is secure.
• File a Complaint: If you suspect that the developer is misleading buyers by falsely claiming RERA approval, you can make a RERA complaint registration with the state RERA authority. They will investigate the matter and take appropriate action.
• Consult a Legal Expert: If you’re unsure about the legal implications of investing in a non-RERA-approved project, consult a real estate lawyer. They can guide you on the risks and potential consequences.

DID YOU KNOW: The RERA certificate cost in TN for an individual agent is Rs. 25,000 & for a company is Rs. 50,000.

Tips for Homebuyers

• Do Your Research: Always research the developer’s background and track record before investing in a property. Look for reviews and testimonials from previous buyers.
• Visit the Site: If possible, visit the construction site to assess the progress and quality of the project.
• Read the Agreement Carefully: Before signing any agreement, read the terms and conditions carefully. Ensure that all promises made by the developer are documented.
• Stay Updated: Keep yourself updated on the latest RERA rules and regulations. This will help you make informed decisions and avoid potential pitfalls.

Conclusion and Key Takeaways:

Investing in a property is one of the most significant financial decisions you’ll make in your lifetime. By following the steps outlined in this blog, you can easily verify the RERA number and its status of any property, ensuring that the property is RERA-approved, and make an informed decision about plots in Chennai city.

Remember, transparency and due diligence are your best allies in the real estate market. Don’t hesitate to ask questions, seek clarifications, and consult experts if needed. After all, your dream home deserves nothing less than the best!