The official portal of the Real Estate Regulatory Authority (RERA) Karnataka is available at https://rera.karnataka.gov.in. Developed under Section 4.3 of the Real Estate Regulatory Authority (RERA) Act, 2016, this platform helps ensure secure property transactions. Purchasing property in Karnataka or anywhere in India typically involves significant financial investment. To safeguard your investment, choose properties registered with RERA in Karnataka. This guarantees that the property is legitimate, with all necessary clearances and licenses in place, ensuring your money is well-spent.
What is RERA Karnataka?
Real Estate Regulatory Authority (RERA) Karnataka plays a pivotal role in regulating and promoting transparency in the real estate sector. With the aim of safeguarding the interests of home buyers and fostering a fair and accountable real estate market, RERA Karnataka has been a game-changer in the state's realty landscape.
Key functions and services provided by RERA Karnataka
RERA Karnataka serves as a regulatory authority overseeing real estate projects and agents. Its key functions include:
- Project registration: All ongoing and upcoming real estate projects must be registered with RERA Karnataka, providing essential details about the project.
- Agent registration: Real estate agents must register with RERA Karnataka, to promote transparency in their dealings.
- Complaint redressal: RERA Karnataka facilitates the resolution of disputes between home buyers and developers, ensuring a fair and timely process.
- Project information: Developers are required to provide accurate and up-to-date information about their projects, ensuring clarity for potential buyers.
What are the objectives of RERA Karnataka?
The key objectives of RERA Karnataka include:
- Regulating and promoting the real estate sector in Karnataka.
- Ensuring transparency in property sales across the state.
- Safeguarding the interests of homebuyers in real estate transactions.
- Establishing an Appellate Tribunal to address complaints.
- Creating a swift dispute resolution mechanism.
In Karnataka, it is mandatory for both residential and commercial real estate projects to be registered under RERA. Buyers must also ensure they purchase only RERA-registered properties for the following reasons:
- Unregistered real estate projects are deemed illegal, and purchasing such properties could lead to future complications.
- Buyers of unregistered properties may face scrutiny when seeking redress from the regulatory body.
- Promoters of unregistered properties may be subject to penalties, including imprisonment in severe cases.
Benefits of RERA Karnataka for homebuyers
Homebuyers in Karnataka stand to gain several benefits from RERA, including:
- Transparent transactions: RERA mandates that developers provide accurate project details, preventing misinformation and ensuring transparency in transactions.
- Timely project delivery: Developers are held accountable for project delays, and RERA aims to ensure that projects are completed within the stipulated time frame.
- Quality construction: RERA Karnataka emphasises the use of high-quality materials and adherence to construction standards, ensuring that home buyers receive properties of the promised quality.
- Dispute resolution: Home buyers have access to a streamlined dispute resolution mechanism through RERA, ensuring a fair and efficient process for conflict resolution.
How to register projects with RERA Karnataka?
To register a project with RERA Karnataka, you can follow these steps:
To register a project under RERA Karnataka, follow these steps:
Step 1: Go to the official RERA Karnataka website: https://rera.karnataka.gov.in/home.
Step 2: From the ‘Registration’ drop-down menu, select the ‘Project Registration’ option.
Step 3: A dialog box will appear with quick links to checklists. Review these checklists before proceeding with the online application.
Step 4: Select the Promoter Type, enter your email address, and click ‘Next.’
Step 5: Enter the promoter details and click ‘Next.’
Step 6: Provide the project details and click ‘Next.’
Step 7: Upload your PAN card and address proof, then click ‘Next.’
Step 8: Choose your payment method and pay the registration fee.
Step 9: You will receive a confirmation upon successful registration.
Registration fees and charges of RERA Karnataka
Here are the registration fees and charges of RERA Karnataka:
Group housing project
Particulars |
Fees |
Area of proposed land for development not exceeding 1,000 square meters |
Rs. 5 per square meter |
Projects with land area exceeding 1,000 square meters |
Rs. 10 per square meter (maximum Rs. 5 lakh) |
Mixed development (commercial and residential) project
Particulars |
Fees |
Area of proposed land for development not exceeding 1,000 square meters |
Rs. 10 per square meter |
Projects with land area exceeding 1,000 square meters |
Rs. 15 per square meter (maximum Rs. 7 lakh) |
Commercial projects
Particulars |
Fees |
Area of proposed land for development not exceeding 1,000 square meters |
Rs. 20 per square meter |
Projects with land area exceeding 1,000 square meters |
Rs. 25 per square meter (maximum Rs. 10 lakh) |
Plotted development projects
The fee is Rs. 5 per square meter for the total plot area, with a maximum fee of Rs. 5 lakh.
Agent registration fees
Category |
Registration fee |
Individual real estate agent |
Rs. 25,000 |
Non-individual real estate agent |
Rs. 2 lakh |
RERA Karnataka registration process for real estate agents
Real estate agents in Karnataka must follow a specific registration process to operate legally.
Every real estate agent needs to provide the following information:
- Personal details of the agent
- Business address and contact information
- Details of the real estate projects dealt with
- Financial details and background information
RERA Karnataka registration process for homebuyers
The RERA Karnataka registration process for homebuyers is designed to offer transparency and protection in property transactions. Buyers can visit the official RERA Karnataka website, where they can access a list of registered projects. By entering details like project name or promoter, homebuyers can verify the property's status, ensuring compliance with RERA regulations. This process safeguards buyers by ensuring the developer adheres to legal standards and project timelines. The platform also provides a space for filing complaints in case of disputes, offering added security for property investments.
Documents required to register in RERA Karnataka
Documents checklist for promoter:
- Title deed of the land
- Layout approval plan
- Project commencement and completion timeline
- Details of the project's finances
Documents checklist for individual real-estate agents:
- Educational qualifications
- Professional experience
- Details of ongoing and completed real estate transactions
Documents checklist for company, society, partnership firm, trust:
- Incorporation certificate
- Memorandum of Association (MOA)
- Details of partners or trustees
- Financial statements
RERA Karnataka project registration fees and charges
- Group housing project: For group housing projects, RERA Karnataka requires a registration fee based on the area. The fee is Rs. 5 per square meter, with a maximum limit of Rs. 5 lakh. This ensures that developers follow all regulations, giving homebuyers added security and transparency throughout the project lifecycle.
- Mixed development (commercial and residential) project: In mixed development projects, combining residential and commercial spaces, the registration fee is Rs. 10 per square meter, with a cap of Rs. 7 lakh. This charge ensures that both residential and commercial elements meet RERA standards.
- Commercial projects: For commercial projects, the fee is Rs. 20 per square meter, with a maximum limit of Rs. 10 lakh. This helps regulate commercial developments, promoting transparency for all stakeholders involved.
In conclusion, RERA Karnataka stands as a robust regulatory framework that promotes fair practices, transparency, and accountability in the state's real estate sector. Home buyers, developers, and agents alike benefit from the clear guidelines and streamlined processes established by RERA, contributing to a healthier and more reliable real estate market in Karnataka.
