Over the years, Himachal Pradesh has witnessed infrastructural development, which boosted its real estate industry. However, given the development, this sector requires proper regulation to operate.
Here's where the function of RERA act in Himachal Pradesh comes into play. This article highlights such details and if you are curious to know about them, keep scrolling!
RERA rules were first notified in February 2017, but the RERA Act in Himachal Pradesh came into force on 28 September 2017. The state appointed a director as a designated officer to look over the state and the whole country's planning.
RERA in Himachal Pradesh applies to ongoing as well as upcoming projects of the state. Moreover, due to this establishment, the state's local authority witnessed a transparent and quick sale of apartments, plots and buildings.
The main purpose of establishing this RERA act was to protect the interests of homebuyers. So, this is how residents of the state enjoy the advantages of the authority.
Here are the rules of RERA that every individual in the real estate sector of Himachal Pradesh must comply with:
Follow this stepwise guide to register a project with RERA in Himachal Pradesh:
Step 1: Visit the official website.
Step 2: If you are registering for the first time, register as a ‘promoter.’ For this purpose, you must select the ‘Promoter’ option under the Register tab.
Step 3: Next, fill in the details and submit all necessary documents. Click the ‘save’ option to create your account. Now you can follow the registration process.
Step 4: Visit its home page and locate the ‘Registration’ option. Select the option that mentions ‘Real Estate Project’ and click on ‘Apply new project.’
Step 5: This will take you to a new page where you must log in as a Promoter.
Step 6: Here, you will find seven pages, and you will need to fill in details regarding:
Take a look at the simple steps mentioned below to register a project agent with RERA in Himachal Pradesh:
Step 1: Visit the official website. Select 'Register' and click on 'Agent'. Enter the basic details to sign up.
Step 2: An individual can also select 'Registration' and then 'Real Estate Agent' and click on 'New Registration' to sign up.
Step 3: After signing up, fill in the registration form by entering details in two sections – registration and payment. In the former, enter the required information and upload the correct documents. In the latter, fill in the payment details.
Step 4: Check the information carefully before selecting 'Final Submit' to complete the process and get a Real Estate Agent Registration Certificate.
Upload the following documents while registering a real estate project agent with RERA in Himachal Pradesh:
|
For Type of Projects |
Charges |
|
Development of residential plot |
₹ 10 per metre square of a total land area |
|
Development of residential plot (flat land) |
₹ 10 per metre square of a sanctioned built-up land area |
|
Development of commercial land |
₹ 20 per metre square of a total land area |
|
Development of commercial land (flat land) |
₹ 20 per metre square of a sanctioned built-up land area |
|
Development of mixed plot (commercial and residential land) |
₹ 15 per metre square of a total land area |
|
Development of mixed plots (commercial and residential on flat land) |
₹ 15 per metre square of a sanctioned built-up land area |
Registration Charges Required for Real Estate Agents
|
For Real Estate Agents |
Charges |
|
Individual agent registration |
₹ 5,000 |
|
Agent registration for others |
₹ 20,000 |
|
Filing a complaint to an authority |
₹ 500 |
|
Renewing registration |
₹ 2,500 for individuals and ₹ 10,000 for others |
Recently, RERA in Himachal Pradesh held the second position among all the other RERAs in India. This ranking was in response to the effectiveness of how well authorities were executing their order. For example, the state was taking steps to initiate proceedings within a year and a half after its launch.
Also, in a very short period, the RERA authority in Himachal Pradesh registered around 38 new real estate projects and 52 real estate agents.
Apart from this, registration of complaints was taking place digitally. Thus, the parties could avoid visiting offices physically. Besides, the state conducted 260+ visual hearings till now.
Here is a detailed step-by-step guide to check the application status in the RERA portal in Himachal Pradesh:
Step 1: Visit the official website. Next, navigate to the agents or projects option according to the requirement.
Step 2: Sign up and provide the registration number to check the application status.
Step 3: Once entering all these details, the application status will be displayed on the screen.
If an individual is buying a home for the first time, he or she must check registered projects of RERA in Himachal Pradesh in its official portal, and the steps are mentioned below:
Step 1: Go to the official portal.
Step 2: Navigate to the 'Registration' option, select 'Real Estate Project' and then 'Search Projects'.
Step 3: Choose the type of district, project and category of project. Registered projects will appear on the screen.
Step 4: Select' Search', and information regarding a registered project will appear on a screen. Information includes personal details, images, and details of a past project and bank, among other details.
One can search for a registered agent in the online portal by following a few simple steps:
Step 1: Visit the official portal.
Step 2: Select 'Registration' in the menu, choose 'Real Estate Agent' and click on 'Search Agent'.
Step 3: Provide the details such as city, name, and district and select 'Search Agent'
Step 4: Details of registered agents will appear on the screen.
An individual can access the list of rejected projects, and here is its stepwise guide:
Step 1: Visit the official website. Scroll the list of projects and select rejected projects.
Step 2: Now, enter the name of a project, promoter, and district. Besides, provide the contact number and project reference number to search for the rejected project.
If an individual has any grievance against an agent or project in which he or she invested, then file a complaint on the portal. For that, follow the steps mentioned below:
Step 1: Visit the portal.
Step 2: Select the option' Complaints', new complaints and finally click on 'file a complaint'
Step 3: Sign up as an agent, promoter, or complainant to proceed to the next step.
Step 4: Select 'Form M' and mention the grievances. Other than this, submit company details as well.
Step 5: After submitting the form, the complainant can see a complaint number which he or she can use to track the complaint.
Every registered agent and promoter needs to submit their annual and quarterly reports in the RERA portal of Himachal Pradesh. Interested individuals can access such progress reports by following a few steps:
Step 1: Visit the portal. Click on 'Quarterly/Annual Progress Report'.
Step 2: Select 'Projects and relevant year to see the progress report.
Listed below are a few benefits that RERA provides to homebuyers in Himachal Pradesh:
To conclude, RERA Act in Himachal Pradesh is a great initiative of the Government to promote transparency and reduce corruption in the real estate sector in Himachal Pradesh. Further, the online portal has also made it easier for every homebuyer to access any information they wish to know.
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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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