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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:
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:
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:
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 |
|
For Real Estate Agents |
Charges |
|
Individual |
₹ 10,000 |
|
Other than individual |
₹ 50,000 |
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:
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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.
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