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RERA Haryana: Haryana Real Estate Regulatory Authority

People who are looking to become homeowners in 2021 have now come closer to fulfilling their dream. Even though the efforts towards making affordable homes available to everyone via the PMAY scheme that have been put in by the government are laudable, acts such as the RERA act have unquestionably brought upon a new age of transparency and accountability in the realm of real estate. One can now be assured of the fact that if they purchase a RERA-registered property, it will have all of the mandatory licenses and clearances.

 

To ensure that the RERA Act keeps functioning smoothly, the government has set up offices in each state of the country. One of them is the Haryana Real Estate Regulatory Authority (HRERA). It is also known as RERA Haryana. It has been further divided into HRERA Gurugram or HRERA Panchkula. This article will take its reader through everything detail that they should keep in mind with regards to the authorities in charge of putting the HRERA Act into effect. You will notice that HRERA Gurugram or HRERA Panchkula have been used interchangeably when you read on as both fall under the umbrella of RERA Haryana and the application process is exactly the same.

A Brief History of the RERA act

It is a well known fact by now that the RERA Act was greenlit by the Parliament’s Upper House with the purpose of safeguarding the interests of the property buyer. The RERA Act requires the relevant parties to disclose details pertaining to the current ownership of the property. Additionally, they will also become privy to information regarding the mandatory clearances. To ensure that the implementation of the Act is happening properly and within the boundaries of the Indian states, several localised bodies have been created. One of those is in the state of Haryana.

RERA Haryana Fees

In order To register oneself as a promoter or agent and subsequently get their projects vetted by the authorised bodies connected to RERA Haryana (HRERA Panchkula or HRERA Gurugram), a particular amount will have to be paid by way of a fee. Some of its several variations are as follows:

Registration Rate for the Promoter

 

Category

Hyper/High Potential I & II

Medium/Low Potential

Industrial/Residential Properties

₹10 per sq. meter

₹5 per sq. meter

Commercial/Cyber Park

₹20 per sq. meter

₹10 per sq. meter

 

Registration/Renewal fee for Real Estate Agents

 

Type of Agent

Registration Fee

Renewal Fee

Individual

₹25,000

₹5,000

Other than Individual

₹2,50,000

₹50,000

 

Fee for Filing Complaint

 

Type of Complaint

Fee

Filing Complaint before the Authority

₹1,000

Filing the Appeal before the Appellate Tribunal

₹1,000

For Every Annexure

₹10

Additional Affidavit

₹20

 

The Process of Registering Projects Under the RERA Haryana Act

If they follow the following steps, an individual can easily get their property registered with the RERA Haryana act. Those steps are as follows:

  • Step 1: Visit the official RERA Haryana website at https://haryanarera.gov.in/.

  • Step 2: Then, click on the ‘Registration’ drop-down menu and then click on ‘Signup to register a project’.

  • Step 3: Post the same, you must read the instructions as can be seen on screen in order to add a project to the RERA Haryana online portal. Post that, click on ‘Proceed’.

  • Step 4: You will then be taken to an all-new new page. Here, the user will have to fill in their details on the registration form that they see.

  • Step 5: Click on ‘Save’ once the details have been keyed in.

  • Step 6: You will then be redirected to the payment gateway page. There, you will need to pay the applicable registration fee. You must then click on the ‘Confirm’ button in order to conclude the process.

  • Step 7: After that, the person who is trying to get their property registered with either HRERA Gurugram or HRERA Panchkula will have to submit the hard copies of the following documents with the concerned authorities:

  • Bank draft/bankers’ cheque of the registration fee

  • A copy of the license (if applicable) accompanied by the schedule of the land

  • Every renewal letter that is related to the validation of the license

  • Ownership documents pertaining to the licensed area

  • Copy of the bilateral agreement executed with the DTCP at the time of the license being granted.

  • A copy of the LC-IV that has been executed with the DTCP at the time of grant of license

  • In the event the promoter is not a licensee, he or she will have to furnish:

a) A copy of the agreement of registered collaboration/joint development, which are supposed to be accompanied with the gist

b) A copy of the registered Power of Attorney that is irrevocable in nature

c) Approval of change in beneficial interest and changes in developer by the DTCP.

  • Documents pertaining to the entry of license and collaboration agreement in the revenue record

  • In the case of a plotted colony, then:

a) The latest layout plan

b) The latest demarcation plan

c) The latest zoning plan

  • In the case of group housing/commercial sites, then they will need:

a) A copy of the approved Plan of Zoning

b) A complete set of the last approved building plans

  • Cash flow statement of the proposed project

  • Certificate issued by a Chartered Accountant validating that the information provided by the applicant in Form REP-I-C-X is accurate as per their Accounts and Balance Sheet

  • Non-default certificate issued by a Chartered Accountant

  • A copy of the draft allotment letter

  • A copy of the draft agreement

  • A list of all of the important provisions of the draft agreement

  • Incorporation Certificate/Memorandum Of Association/Article Of Association of the developer (in the event that it is a company)

  • Requisite approvals and clearances – (for things such as water and environment, among others

  • Balance sheet of the last three years of the developer/licensee

  • The project report that displays the estimated cost of the project

  • Details pertaining to the securities furnished to the banks and financial institutions against the aforesaid loan

  • Total liabilities against the project as of the date on which the form is being filled out

  • A copy of the address proof, such as an Aadhar card, PAN card of the partners/authorised representative(s), chairman and managing director, among others

  • Director(s) of the Company, Society, Trust and Authority as per the requirement

  • Copy of the Company Identification Number and the PAN Card that is in the name of the company

  • Step 8: A hard copy of all of the required documents and a physical copy of all of the uploaded documents must be put into a file and then segregated as required by the regulations.

  • Step 9: The entire document should be page numbered. One should also prepare a forwarding letter as per the guidelines.

  • Step 10: Submit the documents of the online forms along with one hard copy of all the documents to the Authority.

  • Step 11: Upon submission, a receipt will be generated in the name of the entity. After that, the project will go live and further processes will continue.

Documents Required for Registration through RERA Haryana

The promoter will need the exact same set of documents that a person who is trying to get their property registered with HRERA Panchkula will need as both HRERA Gurugram and HRERA Panchkula fall under the purview of RERA Haryana.

Haryana RERA Rules for Real Estate Development Projects

To protect homebuyers in terms of finances and from any mishaps that could be attributed to the lack of information, one can learn more about the rules of the RERA Haryana Act that have been laid out by the concerned authorities. You can visit their official online portal.

If you would like to know more about the rules and regulations that have been put in place with regards to the RERA Act by the several state governments of the country, you can do so on Finserv MARKETS.Or, if you already have a RERA-certified property in your eyes and are looking for a home loan to purchase it, you can apply for one from Bajaj Markets itself as well. A Bajaj Markets lending partner will provide you a housing loan at competitive home loan interest rates and flexible repayment tenures. If you have done the due diligence on your end, you can go ahead and avail a home loan right away!