RERA Registration Consultant in Bhopal (M.P.)

Prospect Legal is Bhopal based Legal Consultancy company for MP Govt. Contractor and private Construction company. We provide consultancy services for RERA (Estate Regulatory Authority) Registration in Bhopal & Indore.

Contact Prospect Legal for RERA (Estate Regulatory Authority) Registration Consultancy in Bhopal and Indore, Madhya Pradesh.

Call 9752-81-2898 | 9752-07-7788 For RERA Registration in Bhopal

WHAT IS RERA?

The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect home-buyers as well as help boost investments in the real estate industry. The bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016. The Act came into force from 1 May 2016 with 69 of 92 sections notified. The Central and state governments are liable to notify the Rules under the Act within a statutory period of six months. This act has been made in accordance to increasing complaints against the builders or promoters and the real estate agents. These complaints are mainly regarding the late possession of a house to the buyer, irresponsible behaviour of promoters after the signing of the agreement and many such issues. RERA is a government body whose sole purpose is to safeguard the interest of buyers as well as lay a path so that the promoters and the real estate agents get a chance to come up with good services.

RERA will make it mandatory for all commercial and residential real estate projects where the land is over 500 sq. mt. or eight apartments will have to register with the regulator before launching a project.





Call 9752-81-2898 | 9752-07-7788 For RERA Registration in Bhopal

Type of RERA Registration in Madhya Pradesh

Project Registration

Agent Registration

Call 9752-81-2898 | 9752-07-7788 For RERA Registration in Bhopal

Validity Period of RERA Registration

Registration validity is 5 (Five) Years from date of Registration

Govt. Fees for RERA - Agent Registration

Rs. 10,000, for Individual Real Estate Agent
Rs. 50,000, for Other than Individual Real Estate Agent (Firm/Company/Society/Trust)

Govt. Fees for RERA - Agent Registration

RERA Registration Fees For New Projects:

  1. For PLOTTED RESIDENTIAL projects, Rs. 10 per square metre multiplied by the permissible FAR for all plots, including plots for common educational, health or recreational facilities, excepting green areas and roads. Formula for calculating the same will be =[Area of total plotted land in square metres *FAR* 10]
  2. For CONSTRUCTED RESIDENTIAL projects, Rs. 10 per square metre multiplied by the proposed carpet area of the residential units and common facilities and all other connected constructions (except shops, which will have to be at the commercial rate). Formula for calculating the same will be = [Carpet Area of Construction (residential units plus all common facilities) in square metres * 10] + [Carpet area of all commercial units in square metres*20]
  3. For PLOTTED COMMERCIAL projects, Rupees 20 per square metre multiplied by the permissible FAR for commercial plots or plots for any other non-residential use. Formula for calculating the same will be = [Area of total plotted land in square metres*FAR*20]
  4. For CONSTRUCTED COMMERCIAL projects, Rs. 20 per square metre multiplied by the proposed carpet area of the constructed commercial and non-residential constructions. Formula for calculating the same will be = [Carpet area of all constructed commercial and non-residential constructions in square metres*20]
  5. In case of MIXED PROJECTS the fee shall be calculated in proportion to the area proposed for residential and non-residential use; provided that educational, health and recreational facilities in a residential project shall be treated as residential.¬ Please note that shops in a residential project will be treated as commercial.

RERA Registration Fees For Existing Incomplete Projects:

  1. For PLOTTED RESIDENTIAL projects, three-fourth multiplied by Rupees 10 per square metre multiplied by the permissible FAR for all plots, including plots for common educational, health or recreational facilities, excepting green areas and roads. Formula for calculating the same will be =¾ [Area of total plotted land in square metres *FAR* 10]
  2. For CONSTRUCTED RESIDENTIAL projects, three-fourth multiplied by Rupees 10 per square metre multiplied by the proposed carpet area of the residential units and common facilities and all other connected constructions (except shops, which will have to be at the commercial rate). Formula for calculating the same will be = ¾([Carpet Area of Construction (residential units plus all common facilities) in square metres * 10] + [Carpet area of all commercial units in square metres*20])
  3. For PLOTTED COMMERCIAL projects, three-fourth multiplied by Rupees 20 per square metre multiplied by the permissible FAR for commercial plots or plots for any other non-residential use. Formula for calculating the same will be = ¾ [Area of total plotted land in square metres*FAR*20]
  4. For CONSTRUCTED COMMERCIAL projects, three-fourth multiplied by Rupees 20 per square metre multiplied by the proposed carpet area of the constructed commercial and non-residential constructions. Formula for calculating the same will be = ¾ [Carpet area of all constructed commercial and non-residential constructions in square metres*20]
  5. In case of MIXED PROJECTS the fee shall three-fourth calculated in proportion to the area proposed for residential and non-residential use; provided that educational, health and recreational facilities in a residential project shall be treated as residential.¬ Please note that shops in a residential project will be treated as commercial.

Call 9752-81-2898 | 9752-07-7788 For RERA Registration in Bhopal

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