In this article, we will guide you through the process of searching for a project using the RERA number. We will explain how to perform this search, what information you can find, and why this step is essential before purchasing any property.
What is RERA?
The Real Estate (Regulation and Development) Act, commonly known as RERA, was introduced to promote transparency and accountability in the real estate sector. It protects buyers from fraudulent practices by ensuring that builders and developers provide accurate details of their projects. A RERA registration number is unique to each registered project, making it an essential tool for verifying the legitimacy of a real estate development.Why search for a project by RERA number?
Searching for a project by its RERA number helps you verify the project's compliance with government regulations. It ensures that the builder has obtained all necessary approvals and that the project is legally sound. By checking the RERA number, you can:- Confirm the legitimacy of the project.
- Ensure the builder's credibility.
- Review the project’s legal status and approvals.
- Check if the builder is adhering to the committed timelines.
How to search for a project by RERA number
Searching for a project by its RERA number is a straightforward process. Each state in India has its own RERA website, where you can look up a project by its unique registration number. Here is how you can search for a project:Step 1: Visit the state-specific RERA website
RERA registration is state-specific, which means each state in India has its own RERA website. You will need to visit the official website for the state where the project is located. For example:- Maharashtra: https://maharera.maharashtra.gov.in/
- Delhi: https://rera.delhi.gov.in
- Karnataka: https://rera.karnataka.gov.in/
Step 2: Enter the RERA number
The RERA number is unique to each project. If you have the RERA number of the project, enter it into the search field on the website. You may be able to search using other details like the project name or the builder's name, but the RERA number is the most accurate method.Step 3: Review the project details
Once you enter the RERA number, the website will display all the available details about the project. This can include:- Builder information: The developer's name, contact information, and past projects.
- Project details: The name of the project, location, number of units, and types of properties available.
- Timeline: The expected start and completion dates of the project.
- Legal approvals: Information regarding land titles, approvals, and other legal requirements.
- Status of the project: Whether the project is under construction, completed, or yet to begin.
Step 4: Verify the project’s legal compliance
After reviewing the details, ensure that the project has received all necessary clearances and approvals. This includes land approvals, building permits, and environmental clearances. Additionally, check for the promised timeline to see if the project is on track. If any information seems unclear or incomplete, it is a good idea to ask the builder or developer for further clarification.What information will you find when you search for a project by RERA number?
When you search for a project by its RERA number, you can find the following details:1. Project registration number: The RERA registration number is a unique identifier that distinguishes the project from others. This number is assigned by the state's RERA authority when the project is registered.
2. Developer or builder details: The RERA number search will provide information about the developer or builder responsible for the project. This includes the builder’s name, contact information, and details about previous projects they have completed.
3. Project status and updates: You will be able to see the current status of the project, including any updates, delays, or changes. Builders must update RERA on the progress of the project at regular intervals, ensuring transparency for buyers.
4. Legal approvals and clearances: This section will show you whether the builder has obtained the necessary approvals for the project, such as the environmental clearance, land title, and building approvals. These legal clearances are vital for ensuring that the project is legitimate and safe for investment.
5. Expected completion date: The RERA number search will also give you an expected timeline for the project’s completion. If the builder is delayed in completing the project, you may be entitled to compensation or other remedies.
6. Property details: This section will provide details of the property type (1BHK, 2BHK, etc.), area size, and price range, which helps you evaluate if the project meets your requirements.
Why checking the RERA number is important before buying a property
Checking a project by its RERA number is crucial because it ensures that you are investing in a project that adheres to all the legal requirements. A RERA-registered project is bound by certain responsibilities, including completing the project on time and ensuring transparency in documentation. Buyers can also seek legal recourse in case of project delays or discrepancies, as RERA guarantees protection for homebuyers.Without a RERA number, a project may not have been verified or approved by the regulatory body, which could lead to legal complications, delays, or even the risk of losing your investment.
Can you get a home loan for a RERA registered project?
Yes, banks and financial institutions provide home loans for RERA-registered projects. The RERA number acts as a proof of the project’s legal compliance, making it easier for lenders to assess the legitimacy of the project. When you apply for a home loan, lenders typically verify the project’s RERA registration to ensure that your investment is protected.Explore Bajaj Housing Finance Home Loan
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