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.

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.

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.

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

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

Read more about Property Insurance by Digit.

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

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

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.

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

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.

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