How to Check RERA Registration of Projects in Bangalore?
RERA, the Real Estate Regulatory Authority, has been developed to safeguard the interests of home buyers and maintain transparency in the real estate market. Each new commercial project launched in Bangalore (as well as in the rest of India) is required to be registered with the concerned state’s RERA authority.
If you’re planning to invest in a property in Bangalore, it is advised to look for the RERA registration status of the project. In this blog, we will discuss how important it is to verify the RERA registration and what is the process to check it in Bangalore.
What is RERA?
RERA stands for Real Estate Regulatory Authority, under the Real Estate (Regulation and Development) Act, 2016, was formed to control the sector and bring transparency. It is intended to improve the disclosure of information, increase accountability, reduce project timelines, and safeguard the interests of home buyers. The RERA Act requires the developers and builders to register their projects with the RERA authority of the states to provide all the essential information like timelines, legal clearances, and financial plans.
Through the registration of the projects by the developers with the state authority, the Act ensures that buyers receive accurate and up-to-date information about the status of the project, legal compliance, as well as the financial condition of the developer. RERA-registered projects in Bangalore have helped reduce fraud risks significantly and protect consumers’ rights.
What is the Need to Check RERA Registration?
If one is planning to buy a property, then it is very important to know whether the project is registered under RERA or not.
This will ensure that the developer follows the set legal regulations so that you as a buyer will have a more secure and safe investment. RERA also provides details on:
- Project Schedules – Avoidance of instances where the project is extended past the timeline planned for the project.
- Legal Compliances – Ensuring that the project complies with laws and regulations required for its implementation.
- Transparency – Gaining insight into the project’s financial planning, ongoing progress, and construction status.
How to Check RERA Registration of Projects in Bangalore?
Here is the step-by-step guide on how to verify the RERA registration status of a real estate project in Bangalore:
Step 1: Visit the Official Karnataka RERA Website
Go to the official website: https://rera.karnataka.gov.in to get information about all RERA-registered projects in Bangalore.
Step 2: Navigate to the ‘Services’ Section
After getting to the site, go to the “Services” button on top, and from the drop-down list, click on the “Project Status” tab on the home page. This part will facilitate the search for real estate projects that are enrolled with Karnataka RERA.
Step 3: Enter the Project Details
To search for a specific project, you can use the following filters:
- Project Name: Give the name of the project of your choice.
- Developer/Builder Name: If you are aware of the builder or developer then you can search by his name.
- Location: Type down the specific area, city, or region of the project in Bangalore.
Step 4: Review the Project Information
Upon getting to the project, click on the project name to view more information. The RERA registration details will include:
- RERA Registration Number: It indicates that the project is officially registered under RERA.
- Project Status: Whether the given project has been completed or if it is still under development.
- Timeline of the Project: The date on which the project is expected to be completed.
- Project Approvals: Information about legal approvals, financial clearances, and the legal ownership of the project area.
- Project Progress: Brief details concerning the current working development of the construction.
Step 5: Download Project Documents
You may even be able to download some documents related to the project like layouts that got approved, records of the land owners, and legal formalities that have been completed. These documents are essential when validating that the project is going through the right process.
Step 6: Contact RERA for Clarification
In case, you still have any concerns or need clarification about a project, you can contact the Karnataka RERA office with the contact details available on the website.
What is the Importance of RERA Registration for Home Buyers?
Verifying the RERA registration of a project helps you assess if the project is legal and complies with all the laws required. Here are some key advantages:
- Protection Against Fraud: Under RERA, the buyers are shielded from unscrupulous builders or half-baked and fraudulent projects.
- Timely Delivery: The RERA registration including the timelines for delivery is expected from the developers. If not done it may lead to some penalties.
- Transaction Transparency: Home buyers can track all the information regarding any project they are investing in which provides for transparency in the buying process.
Conclusion
To avoid any future complications relating to a new property, it is very important for a buyer to confirm that their project has been registered under the RERA Act. The process is simple and prevents worrying about the project, as it grants access to all the relevant information about the project’s progress and legislation.
You can follow the steps that have been described above to confirm the status of the RERA registration of the real estate project in Bangalore before investing in the property. It is always preferred to go for a registered project under RERA as it adds a safer vision and prevents the chances of legal or financial issues in projects that are unregistered or delayed.
