All YOU NEED TO KNOW ABOUT RERA

   Introduction

The Indian real estate sector has long been plagued by issues of corruption, lack of transparency, and disputes between buyers and sellers. To address these challenges and foster a more transparent and accountable real estate market, the Government of India introduced the Real Estate (Regulation and Development) Act, commonly known as RERA, in 2016. This landmark legislation aimed to create standardized rules and regulations governing the real estate industry across the country. Telangana, one of India’s dynamic states, embraced RERA in May 2017, ushering in a new era of accountability and transparency in the state’s real estate sector.

tsrera (Telanagna rera): A Game-Changer in Real Estate

Before the advent of RERA, the real estate sector in India operated largely without regulations, making it susceptible to various malpractices. Buyers, in particular, faced numerous challenges, including unexplained brokerage fees, delayed project completions, and a lack of reliable dispute resolution mechanisms. RERA Telangana was introduced with the primary objectives of bringing transparency and efficiency to real estate transactions, regulating and promoting the sector, safeguarding consumer interests, and maintaining an official record of all registered real estate agents and projects. Let’s delve deeper into the ways tsrera has transformed the real estate landscape in the state.

The Purpose of tsRERA ACT

 The introduction of RERA Telangana was a response to the pressing need for a more organized and accountable real estate sector in the state. Here are the key purposes of the Telangana RERA Act:

• Transparency and Efficiency: RERA aims to establish transparency and efficiency in real estate transactions by ensuring that all relevant information is readily accessible to both buyers and sellers.
• Regulation and Promotion: It seeks to regulate and promote the real estate sector, creating a level playing field for all stakeholders.
• Consumer Protection: RERA Telangana places a strong emphasis on safeguarding the interests of consumers. Previously, consumer grievances often languished in lengthy legal proceedings. With RERA, a specialized Appellate Tribunal was established for swift grievance redressal.
• Official Record: RERA Telangana maintains an official website that contains comprehensive records of all real estate agents and projects registered with the authority, enhancing transparency.

RERA Telangana: Services Offered

For Citizens:

• Online Complaints: Any citizen with grievances related to breaches of the TsRERA Act can easily file complaints online with the Regulatory Authority.
• Access to Project Details: Buyers can access detailed information about registered projects on the RERA website, including project details provided by the concerned real estate agents or promoters.

For Promoters:

• Online Complaint Filing: Promoters can file complaints online directly with RERA.
• Project Registration: The process of registering projects on the official RERA website is streamlined and user-friendly.
• Extension Requests: Promoters can apply for extensions of project timelines as needed.
• Quarterly Progress Updates: Promoters are required to update project progress on a quarterly basis.

For Real Estate Agents:

• Registration: Real estate agents can easily register with the regulatory authority.
• Online Complaints: They can file complaints online when necessary.
• Renewal: Registration renewal is a hassle-free process with RERA Telangana.

Benefits for Homebuyers

RERA Telangana has brought several benefits to homebuyers in the state:

• Access to Information: Buyers can easily access updated information about their projects from the builder’s website, ensuring transparency.
• Protection of Investments: A specific portion of the amount paid by buyers is deposited in a designated bank account, which builders must use for project development. This safeguards buyers’ investments.
• Interest on Delays: In case of project delays, developers are obligated to pay a 2% interest rate above the SBI’s marginal cost of lending rate to the buyer.

Telangana RERA Approved Projects

As of now, the Telangana Regulatory Authority has approved approximately 7493 projects approved, and around 3167 brokers and real estate agents have received RERA registration. This extensive list of approved projects provides buyers with a wide range of options to choose from, each offering the assurance of transparency and accountability.

How to Register Your Project on RERA Telangana?

The RERA Telangana registration process on the RERA Telangana website is very simple and can be completed as shown:

1. Visit the official RERA Telangana website here.
2. Check the projects tab and select ‘New’ for new housing projects or ‘Existing’ to register your old project.
3. Proceed to fill in the required details on the RERA Telangana website. A list of required details for project registration in RERA Telangana is affixed below.
4. The RERA Telangana website uses a Pan card to identify the property owner.
5. After you input all the fields, click ‘Save and continue to view your registered project on the RERA Telangana website.

Registration Process for Agents in RERA Telangana

There are special provisions made by the Telangana government for the registration of real estate agents in the state. Here is a step-by-step guide to registering yourself as an agent with RERA Telangana:

1. Visit the tsrera official website https://rera.telangana.gov.in/.
2. Select Registration and choose Project Registration.
3. Select a new application and submit.
4. Enter Pan card number and find details.
5. Fill your details under agent details.
6. Submit the required documents and wait for verification.
7. Proceed and make the payment. Submit your application.

How to Login Tsrera (Telangana Rera)

Promoters and real estate agents can easily register on the official RERA website with a few simple steps:

1. Visit the official website of the Telangana RERA authority. You will be able to see the RERA login page.
2. If you are a new user, click on the New Registration button at the bottom.
3. You have to select whether you are registering as a promoter or real estate agent. Now enter your username, password, email address, and mobile number. Enter the Captcha text and then click on Create User.
4. You will receive an email notification, after which your registration will be complete.
5. Now, again visit the official website and log in using your credentials.

What Are the Fees for Project Registration with TsRera?

The RERA Telangana instructs to keep 70% of the total project cost in the bank and use it all on construction. For any TS RERA approved project under 1000 sq.m, the government will take a fee of Rs. 5/ sq.m. For properties having an area of more than 1000 sq.m, the charge is Rs. 10/ sq.m. The cap is set at Rs. 5 lakhs.

In the cases of mixed type projects, i.e., a mix of commercial and residential plans, the TS RERA registration charge is Rs. 10/ sq.m for properties under 1000 sq.m in area. For properties having more area than 1000 sq.m, the Telangana RERA charges Rs. 15/ sq.m for registrations. The cap is set at Rs. 7 lakhs.

List of Documents Required for Registration on TSRERA

The list of documents required for tsRERA registration may differ depending on whether you are an agent or promoter or developer.

For Promoters, Builders & Developers:

• Ownership documents or copy of Pattadar Passbook
• Sketch of property with measurements
• Site plan with detailed measurements
• Details of previously completed projects
• Development agreement letter stating the terms of the contract between the landowner and the promoter
• Encumbrance Certificate (EC)
• Structural Stability Certificate
• Approved plan
• Existing layout plan
• No Objection Certificates (NOCs)
• Approved amenities plan
• Full address with the landmark nearby
• Licenses of Enrolment Form of Civil Contractors etc
• Estimate of Building construction cost
• Licenses or Enrolment Form of Structural Engineer, Architect, and CA
• Agreement of Sale
• Conveyance Deed
• Allotment Letter
• Title Deed copy
• Project brochure
• Form B declaration, with an affidavit
• Latest photo of the site

For Agents:

• PAN Card copy
• Address proof copy
• Passport-size photographs
• License certification copy
• GST number copy
• Interim Order Certificate
• Last three years’ ITR
• Disposed Certificate
• An affidavit (self-declared)

Project Details List for RERA Telangana Property Registration:

Include the following details when registering your project on RERA Telangana:

• Project name
• Project type
• Project description
• Project status
• Building plan number
• Building permission validity (from and to)
• Project starting date
• Proposed date of completion
• Cost of land
• The estimated cost of construction
• Total land area (in square meters)
• Height of the building (in meters)
• Total plinth area
• Total built-up area
• Total open area
• Total area of garages
• Number of garages available for sale
• Number of open parking spaces
• Total open parking area
• Number of covered parking spaces
• Total covered parking area

How to check Registered project is Telangana RERA 

Buyers often want to check the progress of their projects or find information about properties they are considering. The Tsrera website provides a convenient way to access this information. Here’s how to do a RERA number check in Telangana:

1. Visit the Official Website’s Homepage: Open your web browser and navigate to the official RERA Telangana website https://rera.telangana.gov.in/.

2. Search Registered Projects and Agents: On the homepage, look for a tab or an option titled “Search Registered Projects and Agents.” https://rerait.telangana.gov.in/SearchList/Search This is typically found among the primary navigation tabs or links at the top of the page.

3. Access the Search Page: Clicking on the “Search Registered Projects and Agents” option will redirect you to an external or a different page specifically designed for searching the RERA database.

4. Conduct a RERA Telangana Project Search: On this page, you can perform a search by entering specific details such as the Project name, Promoter’s name, or the TSRERA registration number. These fields are typically provided in a search form on the page.

5. View Project Details and Land History: Once you have performed the search, you will be presented with a list of projects that match your criteria. To view more details about a particular project, look for an option like “View Certificate” or “View Application.”

   • View Certificate: Clicking on “View Certificate” under a specific project will display details such as the project’s registration certificate, which includes comprehensive information about the project.

   • View Application: Selecting the “View Application” option allows you to check the status of the application and more detailed information about the project’s application process.

Rules and Regulations Presented by RERA Telangana

Telangana State Real Estate Rules 2017 govern the regulations provided by RERA Telangana. The Telangana government informed builders in September 2018 that any project sanctioned on or after January 1, 2017, must be registered with RERA to avoid penalties. Developers are required to keep 70% of their investment in bank accounts for project development and construction.

The registration fee for real estate projects is Rs. 5 per square meter if the construction area does not exceed 1000 square meters. For construction areas greater than 1000 square meters, the registration fee is Rs. 10 per square meter. Commercial projects incur a registration fee of Rs. 20 per square meter for areas under 1000 square meters and Rs. 25 per square meter for areas exceeding 1000 square meters. For mixed-type projects, the registration fee is Rs. 10 per square meter for areas under 1000 square meters and Rs. 15 per square meter for areas beyond 1000 square meters.

Projects approved by various agencies, such as the Urban Development Authority (UDA), Telangana State Industrial Infrastructure Corporation (TSIIC), Nagar Panchayat, Municipalities, and the Director of Town and Country Planning (DTCP), on or after January 1, 2017, must comply with the rules outlined in the Telangana State Real Estate Rules 2017.

if your a promoter you have some guidlines to flow

RERA Telangana Contact Number

The contact number for the Telangana Real Estate Regulatory Authority, as specified on their website: https://rera.telangana.gov.in/, .

RERA Telangana Office

The RERA Telangana office is located in Hyderabad. Here is the official address:

DTCP Building, Ground Floor, 640, A.C.Guads, Masab Tank, Redhills, Hyderabad, Telangana 500004

How To File Complaints Under Rera Telangana?

Here are the steps to file grievances on the RERA Telangana website:

1. Visit the official RERA Telangana website here.
2. Select ‘Complaint Registration’ and proceed.
3. Fill form CI with all the details. Keep the fees receipt for future reference.

Conclusion

RERA Telangana has significantly transformed the real estate landscape in the state by introducing transparency, accountability, and streamlined processes. Homebuyers, promoters, and real estate agents all benefit from the regulatory framework established by RERA, ensuring fair practices and consumer protection. As Telangana continues to witness growth and development in its real estate sector, RERA remains a crucial tool for maintaining trust and reliability in the industry.