Check for RERA Karnataka Rules
✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 7.49%
The Real Estate Regulatory Authority (RERA) Act of 2016 aims to ensure transparency within the real estate sector. The main objective of this authorisation is to protect real estate transactions. RERA act applies to all states and territories within India, barring the State of Jammu and Kashmir. Simply put, RERA Karnataka effectively ensures real estate regulation within the state and protects the interest of its residents. Read on to know more about RERA Karnataka.
The primary objectives that are fulfilled by RERA Karnataka include:
Ensure property regulation
Ensure promotion of the Karnataka real estate sector
Form an Appellate Tribunal for receiving complaints
Establish a fast dispute settlement mechanism for property disputes
Ensure immense transparency at the time of property sale in Karnataka
Ensure the protection of the homebuyer’s interest
To register for Karnataka RERA, you must follow the below mentioned process:
Step 1 - Visit the official Rera Karnataka website.
Step 2 - Select ‘Registration’ located on the drop-down menu.
Step 3 – Pick from the given choices that include Project Registration/Complaint Registration/Change Request/Post Registration/Apply for Extension and Quarterly Update.
Step 4 - You’ll be directed to a checklist. Follow the list to understand the required documents needed to undertake the registration process.
Step 5 - The next page lets you choose the promoter type (Individual or Societies/Company/Partnership Firm/Development Authority/Trust Agents.
Step 6 – Furnish your Email ID. Once done, you can register the project.
If you wish to contact Karnataka Rera, you can use the following listed contact number and other details.
Telephone: 080 – 22249798, 22249799
Fax: 22253718
RERA Karnataka Office Address: Real Estate Regulatory Authority Karnataka, 2nd floor, Silver Jubilee Block, Unity Building, CSI Compound, 3rd Cross, Mission Road, Bengaluru, Karnataka 560027
Email ID: info.rera@karnataka.gov.in
RERA or Real Estate Authority of India has not only laid down certain regulations that the builders must adhere to, it has also prescribed certain definitions of a few real estate related terms that must be clearly and correctly quoted by the builder in the property documents. For example, you must make sure that the carpet area of the property is quoted as per the RERA norms. In case you plan to apply for a home loan for buying your new house, visit Bajaj Markets.
Karnataka RERA FAQs
What is the purpose of Karnataka RERA?
The Karnataka RERA is the authority that regulates the function of real estate in the state. It is the body responsible for the protection of the rights of home buyers. It ensures that unfair practices do not prevail in the state.
How can I get RERA approval?
To get RERA approved, you must register yourself with the authority. You are also required to submit the essential documents as prescribed by RERA to register yourself as a developer.
In which year were the RERA rules approved in Karnataka?
The Karnataka RERA rules were approved by the state cabinet on the 5th of July, 2017.
Who must register under Karnataka RERA?
The Karnataka RERA is applicable to all ongoing projects, promoters, real estate agents.
