A Comprehensive Guide on RERA Kerala

Importance of RERA Kerala

RERA Kerala holds immense significance in the realm of real estate regulation. It serves as a beacon of trust for home buyers, assuring them of fair practices, timely delivery of projects, and accurate information. Additionally, RERA Kerala fosters a conducive environment for developers and agents, promoting ethical conduct, professional standards, and sustainable growth in the real estate market.

Functions of Kerala RERA

The primary objective of Kerala RERA Act is to regulate and promote the real estate sector in the state. It achieves this by:

• Ensuring transparency in real estate transactions.
• Protecting the interests of home buyers against unfair practices and delays.
• Facilitating timely completion and delivery of real estate projects.
• Establishing a dispute resolution mechanism for grievances between buyers and developers.
• Enforcing compliance with the provisions of the RERA Act and related rules and regulations.

RERA Act Kerala rules and regulations

The RERA Act Kerala lays down specific rules and regulations governing various aspects of real estate transactions and developments in the state. These rules and regulations aim to streamline processes, enhance transparency, and safeguard the interests of all stakeholders involved in real estate dealings.

Benefits for different stakeholders in RERA Kerala

RERA Kerala extends a myriad of benefits to different stakeholders:

• Home buyers: Assured transparency, timely delivery, and protection against fraudulent practices.
• Developers: Enhanced credibility, streamlined processes, and a level playing field for fair competition.
• Real estate agents: Professionalism, accountability, and trustworthiness, leading to increased client confidence.

Key features of Kerala RERA

Some key features of RERA Kerala include:

• Mandatory registration of real estate projects and agents.
• Comprehensive disclosure of project details, including financial information and timelines.
• Establishment of a regulatory authority and appellate tribunal for dispute resolution.
• Quarterly updates on project progress and financial status.

How to use the Kerala RERA resources

Utilising Kerala RERA resources involves accessing the official website, where stakeholders can find valuable information, guidelines, forms, and updates related to real estate regulations in the state. The website serves as a central hub for accessing RERA-related resources and services.

How to register for Kerala RERA

Registering for Kerala RERA involves several steps, whether you are a real estate developer registering a project or a real estate agent seeking registration. Here is a simplified guide on how to register:

For real estate developers:

1. Prepare documents: Gather all necessary project-related documents, including title deed, layout plan, sanctioned plan, commencement certificate, financial details, and promoter details.
2. Online application: Visit the official website of Kerala RERA and navigate to the project registration section. Fill out the online application form accurately, providing all the required project details.
3. Document submission: Upload scanned copies of all the supporting documents mentioned earlier along with the application form. Ensure that all documents are complete and accurate to avoid delays in the registration process.
4. Fee payment: Pay the prescribed registration fees as per the project size and category. The fee structure is usually based on factors such as the size of the project and the type of development (residential, commercial, etc.).
5. Verification and approval: Once the application and documents are submitted, Kerala RERA verifies the information provided and conducts necessary checks. If everything is found to be in order and compliant with RERA regulations, the project is approved, and a registration certificate is issued.
6. Project details publication: After receiving the registration certificate, developers are required to publish all project details, including the registration number, on the Kerala RERA website within the stipulated timeframe.

For real estate agents:

1. Check eligibility: Ensure that you meet the eligibility criteria set by Kerala RERA, which may include educational qualifications, experience, and compliance with legal requirements.
2. Document preparation: Gather the required documents such as proof of identity, address, educational qualifications, experience certificates (if any), registration certificate (if operating under an entity), declaration of no criminal record, and authorisation letter (if representing a developer or entity).
3. Online application: Access the official website of Kerala RERA and navigate to the agent registration section. Fill out the online application form accurately, providing all the necessary personal and professional details.
4. Document upload: Submit scanned copies of all the supporting documents mentioned earlier along with the application form. Ensure that all documents are complete and valid.
5. Fee payment: Pay the prescribed registration fees as per the category of agents (individual, partnership, company, etc.). The fee structure may vary based on the type of registration sought.
6. Verification and approval: Kerala RERA verifies the information provided in the application and conducts necessary background checks. If you meet all the eligibility criteria and requirements, RERA registration is granted, and a certificate is issued.

By following these steps and adhering to the registration requirements and guidelines set by Kerala RERA, developers and agents can contribute to a more regulated and trustworthy real estate market in the state.

Documents required to register for the Kerala RERA

The documents required to register for Kerala RERA may vary depending on whether you are a real estate developer registering a project or a real estate agent seeking registration. Here is a concise breakdown of the documents typically required for each category:

For real estate developers:

1. Title deed: A document proving ownership or right to develop the land where the project is proposed.
2. Layout plan: A detailed plan showing the layout of the proposed project, including buildings, amenities, open spaces, etc.
3. Sanctioned plan: Approval from the local development authority or municipality for the project's construction.
4. Commencement certificate: A certificate issued by the local authority allowing the developer to begin construction.
5. Financial details: Details of the project's finances, including sources of funding, estimated cost of construction, etc.
6. Promoter details: Information about the promoter(s) of the project, including their identity, address, and contact details.
7. Project details: Comprehensive information about the project, including its location, size, number of units, amenities, timelines, etc.

For real estate agents:

1. Proof of identity: Copy of a PAN card, Aadhaar card, passport, or any other government-issued identity document.
2. Proof of address: Copy of an Aadhaar card, passport, utility bill, or any other document proving a residential address.
3. Educational qualifications: Copies of certificates or degrees proving the agent's educational qualifications.
4. Experience certificate: If applicable, a certificate proving the agent's experience in the real estate industry.
5. Registration certificate: If the agent operates under a registered entity, a copy of the registration certificate of the entity.
6. Declaration of no criminal record: Self-declaration or affidavit stating that the agent has no criminal record related to real estate transactions.
7. Authorisation letter: If the agent represents a developer or another entity, an authorisation letter from the respective party allowing them to act on their behalf.

Eligibility criteria for Kerala RERA

The eligibility criteria for registration with Kerala RERA differ for developers and agents. Here are the general eligibility criteria:

Developers:

1. Clean track record: No history of fraud or misconduct.
2. Financial stability: Ability to complete projects on time.
3. Legal compliance: Adherence to all relevant laws and regulations.
4. Project approval: Obtaining necessary approvals and clearances.
5. Transparency: Providing accurate project information.

Agents:

1. Educational qualifications: Meeting prescribed educational standards.
2. Experience: Demonstrated experience in real estate.
3. Legal standing: No disqualifications preventing engagement in real estate transactions.
4. Ethical conduct: Adhering to ethical standards and client interests.
5. Compliance: Following regulations and guidelines set by Kerala RERA.

These criteria ensure professionalism, transparency, and accountability in Kerala's real estate sector, safeguarding the interests of stakeholders.

How to file complaint with RERA Kerala?

To file a complaint with the Kerala Real Estate Regulatory Authority (RERA), follow these steps:

1. Go to the official website of Kerala RERA.
2. Hover over the 'Services' tab and select 'Complaint Registration'.
3. Log in if you're an existing user. If not, create an account.
4. Fill in the online complaint form with all the required details about your issue.
5. Upload the necessary supporting documents.
6. Pay the required complaint filing fee through the online payment system.
7. Submit your complaint. Upon submission, you will be given a complaint ID for tracking your complaint's status.

Know how to access state wise RERA portals