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    RERA Act in Chandigarh: Overview, Rules & Registration Process

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    (Source: nobroker)

    Enactment of the RERA Act in Chandigarh has shown effective results in the city over the past few years. Primarily this act is a beneficial step taken by the Chandigarh government to regulate the real estate sector of this Union Territory.

    This has effectively helped to secure the interest of home buyers and ensured the growth of this sector. Keep scrolling to learn more about this act in brief.

    What Is RERA Act in Chandigarh?

    The RERA Act in Chandigarh is a real estate regulatory act of this state. This act comprises necessary rules and regulations that every builder, promoter and project agent should maintain to run a project in this state’s territory.

    Further, this act benefits home buyers in many ways by ensuring a transparent working process and fair pricing. Additionally, this act creates a streamlined process for the working of real estate so that investors get attracted, and this field gets more exposure

    What Are the Rules of RERA Act in Chandigarh?

    The rules of RERA in Chandigarh are as follows:

    • Every promoter, builder and project agent of Chandigarh should register under this act.
    • Every ongoing and future project should be registered under this act.
    • Developers must update all information on projects regularly.
    • Any kind of complaints regarding disputes of the properties should be addressed regularly.
    • Builders can not charge for the super-built area.
    • Builders should ensure fair pricing of the carpet area.
    • The validity of RERA registration is 5 years. However, breaking of law within this period will end up in the cancellation of registration.

    What Is the Registration Process of RERA in Chandigarh for a Project?

    The registration process for RERA Chandigarh is as follows:

    Step 1: Visit the official portal of RERA Chandigarh

    Step 2: On the home page, find the “Project Registration” option and click on it

    Step 3: Fill up the form in the next window

    Step 4: Proceed to pay the registration fees

    Step 5: The registration process will start, and on completion, you will get a reference number. Save it for future references

    Documents Required for Registration of a Project Under the RERA Act in Chandigarh

    The documents that one needs to submit while registering a project are:

    • Declaration form-B
    • PAN card
    • Allotment letter
    • Sale agreement
    • Approved layout plan
    • Other documents as per requirements

    What Is the Registration Process of RERA in Chandigarh for a Project Agent?

    The easy steps to register as a project agent under this act are as follows:

    Step 1: Go to the official portal of RERA Chandigarh

    Step 2: Click on the “Agent Registration” tab on the home page

    Step 3: Fill up the form in the next window

    Step 4: Pay the registration fees

    Step 5: Registration process will start afterwards

    Documents Required for Registration of a Project Agent Under the RERA Act in Chandigarh

    According to the guidelines of Chandigarh RERA, to register a project under this act, one needs to submit these following documents:

    • The place’s address proof
    • Duly filled RERA registration form
    • Copy of agent’s PAN card
    • Organisation’s details
    • MOA
    • AOA
    • Name, address and phone number of the project agent
    • Name, address and phone number of directors

    What Are the Registration Charges of RERA in Chandigarh?

    Registration charges for RERA Chandigarh are listed below:

    • Registration Charges Required for Real Estate Projects

    As per Gender of Buyer

    Charges

    Male

    1%, subject to a maximum of 10,000

    Female

    1%, subject to a maximum of 10,000

    • Registration Charges Required for a Real Estate Agent

    For Real Estate Agents

    Charges

    Individual

    ₹ 10,000

    Other than individual

    ₹ 50,000

    What Are the Latest Updates About RERA in Chandigarh?

    The latest update about RERA in Chandigarh adds a strict penalty for promoters and builders who do not register their projects. The charge will be applicable for an unregistered project area that exceeds 500 square metres of land or has a number of apartments of more than 8. Moreover, as a penalty, builders are liable to pay 10% of the total construction cost.

    How to Search Registered Projects or Agents Under RERA in Chandigarh Online?

    The process of finding registered projects and agents under RERA Chandigarh is as follows:

    Step 1: Visit the official portal for RERA in Chandigarh

    Step 2: Find the search bar on the home page

    Step 3: Write the name of the project or developer

    Step 4: Hit on the search button

    Step 5: The project will show up on the screen if it is registered

    How to Raise a Complaint under RERA in Chandigarh Online?

    Follow these below-mentioned steps to raise a complaint under RERA Chandigarh.

    Step 1: Go to the official portal of RERA Chandigarh

    Step 2: From the home page, choose the “Complaint Registration” tab

    Step 3: On the next page, input the required information

    Step 4: Proceed to pay and complete the process

    Apart from this, you can also directly call or send an email to the authority for any grievance.

    What Are the Benefits of RERA in Chandigarh?

    Here are some benefits that RERA Chandigarh has brought into the real estate field as follows:

    • This act boosts the rate of investment in this field
    • It has brought more transparency to the working process
    • Developers can not charge more than the proposed rate
    • Home buyers can buy properties at a fair price
    • Delays in handover of the property are punishable, and grievances are addressed quickly

    Thus, the RERA act in Chandigarh is indeed a beneficial step taken by the Chandigarh government to manage the real estate sector of the state properly. As per the act, builders and promoters are liable to solve any kind of dispute in property, thus, ensuring home buyers’ interest. Therefore, it helps to build a great bond between the purchasers and builders.

    FAQs about RERA act in Chandigarh

    How much time does the registration process take under RERA Chandigarh?

    The registration process under RERA Chandigarh takes 4-5 working days to complete.

    The registration process under RERA Chandigarh takes 4-5 working days to complete.

    Is the act applicable to all projects?

    Yes, every ongoing and future project should register under this act. However, projects that involve land less than 500 square metres are exempted from this act.

    Yes, every ongoing and future project should register under this act. However, projects that involve land less than 500 square metres are exempted from this act.

    What is the office address of the RERA act in Chandigarh?

    The office address of the RERA act in Chandigarh is Real Estate Regulatory Authority Chandigarh Housing Board, 8th January Marg, Sector 9 D, Chandigarh - 160009.

    The office address of the RERA act in Chandigarh is Real Estate Regulatory Authority Chandigarh Housing Board, 8th January Marg, Sector 9 D, Chandigarh - 160009.

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    Other Important Articles about Property Insurance

    What is RERA

    RERA Act in Delhi

    RERA Act in Chandigarh

    RERA Act in Andaman and Nicobar Islands

    RERA Act in Karnataka

    RERA Act in Uttar Pradesh

    RERA Act in gujarat

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    RERA Act in Jharkhand

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    Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.

    1. Digit Insurance
    2. Property Insurance
    3. RERA
    4. RERA act in Chandigarh

    Last updated: 2023-06-09

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