RERA Uttar Pradesh: Rules, Registration Process and Documents

Uttar Pradesh (UP), known for its large inventory and affordable property prices, leads to thriving real estate investments in the state. The aegis of RERA in Uttar Pradesh is the reason behind the flourishing property market of Lucknow, Noida, Ghaziabad, Greater Noida, etc.

UP RERA has been established in tune with the Real Estate Act of 2016 to make the property transaction transparent and avoid illegal activity. This article highlights all the particularities of the RERA Act in Uttar Pradesh that home buyers, real estate agents, and builders must know!

The Indian Government launched RERA in 2016 to uplift investment in the real estate sector and secure the rights of property buyers. The Uttar Pradesh Real Estate Regulatory Authority has streamlined real estate transactions and brought transparency. The UP RERA Act promotes standard practices, prompt resolution of grievances, and project delivery.

The UP RERA website became operational on 26th July 2017, helping property buyers and sellers to state their grievances. Under the RERA act, real estate agents and developers can easily register themselves. Moreover, individuals seeking to purchase property in the state can retrieve necessary details about builders and projects on the official website of UP RERA.

The rules and regulations under Uttar Pradesh RERA are applicable for all ongoing and impending projects. In addition, the Real Estate Regulatory Authority (RERA) has been established in every state to track and adjudicate any disputes in line with the real estate projects of a particular project. The rules of RERA in UP are as follows -

• It is compulsory for real estate projects to be registered under RERA, providing RERA officials with jurisdiction over projects. The authority can reject the registration of a project if RERA guidelines are not adhered to.
• Both buyers and promoters will be charged and are liable to bear equal interest rates in case of any default.
• Developers under RERA are instructed to sell properties depending on the carpet area.
• An individual can file a complaint under RERA regarding any violations caused by buyers, agents, or a promoter.
• Under RERA, a real estate agent, promoters or buyers can be stopped from continuing their activities in case a complaint has been lodged regarding the same.
• Not abiding by the guidelines of the RERA Act in Uttar Pradesh will lead to high penalties and imprisonment. Furthermore, property dealers can also be disqualified from selling property.

The salient part of the UP RERA Act is project registration. It is imperative for every developer and builder to register their residential or commercial property, helping them promote, advertise and sell the project. Three different registration forms are available on the UP RERA website for projects, promoters, and property agents.

Here are the steps that will guide one to register projects on UP RERA digital portal.

Step 1: Visit the official portal of UP Real Estate Regulatory Authority and log on to it.

Step 2: Head to the ‘Registration’ tab. Click on it to get redirected to the registration section.

Step 3: Then find the 'Project' tab and use your registered ID and password to log in to it. 

Step 4: Enter necessary details and complete the project registration process on reaching the registration page.

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Here is a list of documents that one has to keep handy for registering a project under the RERA Act in Uttar Pradesh:

• Project details
• Sale deed
• Income Tax returns for the last three years
• Allotment letter
• Lease Deed
• Registry document
• Extract of Khatauni
• Audited Balance sheet
• TAN, PAN, Photograph of M.C/E.O (For local authority)
• PAN, applicants' Aadhaar (For individual)
• CIN, PAN, TAN, photographs of Housing Commissioner, CEO, and VC (For Competent Authority)
• Registration certificate of company, CIN, PAN, TAN, and photographs of partners and directors (For company)

Under the RERA Act, property managers, promoters, or agents can enjoy a seamless registration process. Here are the steps to follow to register as a real estate agent under UP RERA:

Step 1: Firstly, log on to the official portal of UP RERA and click on ‘Registration’. 

Step 2: Provide details to fill out the form, marked as ‘Agent’ on the website.

Step 3: Proceed by paying the registration fee and submitting the registration form.

Besides entering requisite details, real estate agents must upload the following agents.

• Enterprise details of real estate agent
• Address proof
• Registered address of the business
• Copy of PAN card
• MOA (Memorandum of association)
• Articles of association
• Registration particular
• Income tax returns for the previous three financial years

Here are the steps that will help promoters to register with UP RERA:

Step 1: Go to the official website of UP RERA and select 'Registration.'

Step 2: Click on ‘Promoter’ from the given options.

Step 3: Provide necessary details and contact number in the given fields. Promoters will receive an OTP in registered mobile numbers. Enter OTP to authenticate contact details.

Step 4: On entering the OTP, get forwarded to the registration page for promoters and enter promoter name, PAN card details, income tax details, contact number etc., to complete the registration process.

Step 5: Finally, promoters must initiate registration fee payment to complete the registration and obtain the registration number.

It is important to note that an individual can register a project after the promoter's registration.

The registration charges of RERA in UP are different for promoters and real estate agents. Therefore, it is vital for one to check the registration charges and sail through the registration process seamlessly. The concerned authority takes into the land use details while setting registration fees.

There are several updates under RERA in Uttar Pradesh for the builders, developers and buyers, ensuring smooth functioning of the state's real estate sector. They are as follows:

Extension of Nine Months for Completion of a Housing Project

For housing projects whose registration expired on 31st December 2021, the UP RERA announced an extension of nine months. It is done to uplift the pandemic-hit real estate sectors and compensate for the delay in the project process caused during the pandemic. However, the extension of nine months is applicable for housing projects that fall under the NCR region. Housing projects that fall in the outer region of NCR will get an extension of six months.

National Lok Adalat Organised on 10th July 2021

UP RERA has arranged the National Lok Adalat under the State Legal Services Authority with the intention of addressing buyers' grievances. It was held via an online platform on account of the pandemic situation.

A Request by Developers Regarding Time Expansion for Project Completion

Developers requested the officials of UP RERA for an extension of 12 months in order to complete the projects which were delayed due to the second wave of the pandemic. Moreover, developers have stated their grievances and demands for on-time delivery of units and hassle-free project execution in a webinar with UP RERA.

One can easily check the projects registered with UP RERA by following the mentioned steps.

Step 1: Visit UP RERA's official website and navigate to ‘Projects’.

Step 2: On the redirected page, enter the required details regarding the project. After providing the name of the project, one can access all project-related details like the RERA registration number, project status, and more.

Step 3: Next, click on the 'View detail' option near the project name and access the ins and outs of the specific project. One can also check the project summary and details of the real estate agents.

Property buyers looking for the default projects that are registered under UP RERA have to follow the mentioned steps:

Step 1: Head to the ‘Important Links’ section present on the UP RERA official website to access the list of rejected projects.

Step 2: On clicking it, get redirected to the page displaying the list of default projects.

The defaulter's list will reflect UP RERA project details like project name, registration number of project, location details, name of the promoter, etc.

Builders, sellers, or promoters can easily register their complaints and track their status from the UP RERA portal. Here are the steps that will help them do so:

Step 1: Visit the official portal of UP RERA and go to the complaint section present on the website.

Step 2: Provide necessary details and upload scanned copies of the required documents.

Step 3: Make payment for the applicable fee and submit the complaint.

After submission, await concerned authorities to take action and commence with the complaint resolving procedure.

Furthermore, in the wake of Covid-19, UP RERA has launched an online platform known as RERA Samvaad for giving out quick grievance redressal.

The Uttar Pradesh Real Estate Regulatory Authority has brought significant changes to the state's real estate sector. Here are the benefits of the implementation of RERA in UP:

• Prompt Grievance Redressal: The most notable benefit of the RERA Act in Uttar Pradesh is property buyers, in case of defects or malpractice, can lodge a complaint and receive timely redressal for the same. Moreover, they can retrieve detailed information regarding the builder and real estate agents through the UP RERA online portal.
• Transparency in Information: As per the RERA Uttar Pradesh, builders must maintain transparency in conveying all property-related information like project layout and execution to buyers. Moreover, buyers should have information regarding the project's stage-wise completion procedure.
• Standard Property Pricing: The RERA Act helps property buyers reap the benefits of fair and standardised pricing. Builders do not have permission to charge for excess areas. Buyers will pay only on the basis of the carpet area. Furthermore, builders and developers must seek the buyer's consent while making any alterations to the project's layout.
• No Project Delays: Under the RERA Act, project delays are prohibited. Builders have to complete the project within the promised time. In case of delay, builders are liable to pay 2% additional interest rate or will have to undergo a penalty. To sum up, the UP RERA Act is considered the regulatory authority for the state's real estate sector and looks after complaints and project approval. From the easy retrieval of builder's information to filing grievances, the Real Estate Regulatory Authority of Uttar Pradesh ensures transparency and prompt redressal, thereby stopping malpractices.