To ensure proper implementation of the RERA Act, which was successfully introduced in 2016 on a country-wide scale, the government has set up localised offices in each state. One such body is that of the Gujarat Real Estate Regulatory Authority, which also goes by the name of RERA Gujarat or GUJRERA.
In order to promote a safe, transparent, and secure environment for homebuyers and promoters alike that live in Gujarat, its government has established a RERA (Real Estate Regulatory Authority) body of its own. It is known as Gujarat RERA (GUJRERA) and it was established in 2017. One can visit GUJRERA’s official web portal by simply clicking here.
Through the implementation of Gujarat RERA, the concerned authorities intend on ensuring that the state becomes a prime destination for real estate investments in the eyes of the people. In order to achieve this, Gujarat RERA has put into place innovative customer-centric solutions, exemplary communication practices with stakeholders, and service delivery tactics by hiring skilled personnel.
A statement issued by RERA Gujarat Chairman Dr. Amarjit Singh, said, “The organisation has been working tirelessly to bring every citizen of the state under a regulatory system, through which they want to assure accountability and promote complete transparency while protecting the interests of homebuyers.”
Additionally, he said that the body is working towards building an ecosystem that is transparent and facilitates transfer of authentic and accurate information within the members of the real estate sector in Gujarat.
On top of that, Singh even expressed his desire of turning the state of Gujarat into an example for neighbouring Indian states. RERA Gujarat has certainly come a long way and is now one of the top-2 states in India as far as RERA compliance goes. The number of projects that were registered under the local body, as of 2019, was inching towards 5,600.
Checking registered projects on Gujarat RERA is a straightforward process. Simply follow the below-mentioned steps:
Step 1: Log in to the official Gujarat RERA website.
Step 2: Browse through the ‘Registration’ option and select ‘Agents’.
Step 3: You can then view the exhaustive list of registered agents under RERA.
If needed, you can choose to file a complaint with Gujarat RERA both online and offline.
Step 1: Log in to the RERA Gujarat website and click on 'Complaint Registration'.
Step 2: Fill and submit the form that appears to generate an acknowledgment number.
This reference number can be used when tracking your application status.
A complaint can be made to the RERA Adjudicating officer. This typically includes complaints related to claim of interest and compensation covered under Sections 12, 14, 18, and 19 of the RERA Act. You will have to file the complaint in Form B and pay the stated fee.
In order to protect the homebuyer in financial terms and, simultaneously, avoid any mishaps due to insufficient information, you can learn more about the RERA rules for real estate in Gujarat. You can find a list of the same as is uploaded on the official RERA Gujarat website.
In order to register yourself as a promoter or agent and get your projects vetted by the authorities to ensure the smooth functioning of RERA Gujarat-related mandates, you need to pay a certain fee. You can find its variations in the list below:
You need to pay a registration fee of ₹5 per square metre for projects labelled as group housing that don’t exceed 1,000 square metres. If the land exceeds 1,000 square metres, the fee for the same is set at ₹10 per square metre,and the authorities can charge up to ₹5 Lakhs per property only.
For mixed development projects, the registration fee is ₹10 per square metre for plots not exceeding 1,000 square metres. However, for plots that do exceed 1,000 square metres, the fee is ₹15 per square metre capped at a maximum of ₹10 Lakhs.
For commercial projects, the registration fee is ₹20 per square metre for plots not exceeding 1,000 square metres. However, if the plot does exceed 1,000 square metres, the fee is ₹25 per square metre capped at a maximum of ₹10 Lakhs.
For plotted development projects, the registration fee is ₹5 per square metre capped at a maximum of ₹2 Lakhs.
In order to carry out a withdrawal of application, the fee is 5% of the registration fee or ₹25,000, whichever is higher.
The RERA Act was put into place to safeguard homebuyers’ personal interests and the documents pertaining to the same must be read carefully. It is essential to do so in order to determine the legitimacy of a property purchase. Now that you understand how RERA Gujarat functions and what are the benefits it provides to a first-time homebuyer, you can invest in a property without any fear.
You can also choose to simplify the process by applying for home loan in order to finance your home purchase. At Bajaj Markets, you can avail a loan of up to ₹5 Crores at competitive interest rates. Furthermore, you can repay your loan easily over a tenure of up to 30 years.