RERA Uttar Pradesh

RERA UP was introduced to boost investment and develop the real estate industry in the state of Uttar Pradesh. So if you are planning to invest in real estate in UP, RERA is all here to help. Find out more about the RERA UP only at Bajaj Markets.

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What is RERA Uttar Pradesh?

The Real Estate Regulatory Authority, popularly known as RERA, was effectively implemented in India (including the Union Territories) in the year 2016. The Government of India has introduced RERA to lift investment in the real estate market and protect property buyers’ rights.

RERA Uttar Pradesh regulates and keeps track of all builders of the real estate market handling all the commercial and residential projects in the state. According to this Act, the builders or the investors have to mandatorily submit documents like project plan & blueprint, land details, etc., and get approval from the RERA UP committee before commencing any constructional activity. These approved documents have to be passed on to the property buyers as well.

Registration Fees in RERA UP

There are certain fees and charges mentioned in the guidelines.

1. For Agents

Agent	Registration Fees	Renewal Charges
For Individuals	The fee will be ₹25,000 /-	The charges will be ₹5,000/-
Others	The fee will be ₹2,50,000/-	The charges will be ₹50,000/-

2. For Promoters

Project Type	The area below or around 1,000 square meters	The area beyond 1,000 square meters
Commercial Projects	₹20 per square meter	₹10 per square meter
Residential Projects	₹10 per square meter	₹5 per square meter

3. UP RERA Additional Charges

Type	Charges
Request made under subsection (1) of Section 44	The charges will be ₹1,000/-
RERA UP complaint	The charges will be ₹1,000/-
Project/Property registration withdrawal	The charges will be ₹50,000/- or 10% of registration fees. (discretionary)

Uttar Pradesh RERA Property Registration Procedure

To register your projects or property under RERA Uttar Pradesh online, follow these simple steps –

Go to the official website of RERA UP.
Select ‘registrations’ from the menu on the right corner of your screen. Select the ‘projects’ option from the menu.
Mention whether you are an agent or promoter on the user login portal. To log in, you will have to enter your email address and password. Do not forget to enter the ‘captcha’ displayed. Once you enter the details, click on ‘log in’.
Enter all the mandatory information and upload documents for verification purposes.
Pay registration fees and select ‘confirm’ to complete the application process under UP RERA registered projects.

Documents Required to Register Projects in UP RERA

To register projects under RERA Uttar Pradesh, here is a list of documents required –

1. For Real Estate Agents

PAN card for Identity proof
Address Proof
Documents mentioning details of the real estate agent’s company
Property/Projects Registration documents
MoA (Memorandum of Association)
Article of Association
ITR of the previous three fiscal years. A declaration certificate, in case an exemption has been given to the organization from filing ITR.

2. For Promoters

PAN card for Identity proof
ITR of the previous 3 financial years
The balance sheet of last fiscal year
Detail regarding parking space (open & enclosed) in numbers
Title deed issued by the promoter. A title deed is a document that mentions the name of the property or project for RERA registration
Project Encumbrance Certificate
In cases, where the sole proprietorship of the property or land is not under the promoter, a copy of partnership, collaboration, lease, etc would be required mandatorily
The application should be written as per Form A mentioned in subsection (1) of Section 4 format

Contact Details of UP RERA

UP RERA can be contacted via

Office Address	Naveen Bhavan, Rajya Niyojan Sansthan, Kala Kankar House, Old Hyderabad, Lucknow – 226007
Email Address	contactuprera@up-rera.in
Phone	0522-2781452/ 9151602229/ 9151642229

Conclusion

When you go ahead and put in an application for a home loan, the first thing that a lender will ask you regarding the property is its RERA registration. If the builder has secured a RERA registration for the project in which you plan on buying a home in, the lender is assured of the fact that your interests as well as their money is protected. Hence, it is important to check for the same. Once you have determined that the project is RERA certified, you can apply for a home loan from right here at Bajaj Markets. All you will need to do is meet the basic eligibility criteria and ensure that all the home loan documents are in your possession. So avail housing loan online now!