WBHIRA - Hira West Bengal

WBHIRA - Rera West Bengal

WBHIRA - Know about Hira West Bengal

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WBHIRA - RERA West Bengal

The Indian real estate sector has long been considered as an unregulated industry, where large amounts of black money can be laundered. As a result, potential homebuyers in India often felt that transactions were lopsided, mostly in favour of the developer or promoter.

The Real Estate (Regulation and Development) Act, otherwise called the RERA Act, came into action from May 1, 2016. This Act was aimed at protecting the interests of homebuyers and enabling more transparency in the homebuying process for them. Aimed at ensuring accountability in the real estate sector, the RERA Act ensures appointment of a regulator to facilitate the same. The Act also has provisions for increased involvement of the homebuyers in the construction and development of the property. The RERA Act also was intended to standardise the guidelines for the homebuying process across the country.

Ease of Home Loans

Purchasing a home has become easier for individuals and families everywhere, especially with increased financing options. At Finserv MARKETS, one can get a range of choices which enable potential homeowners to avail Home Loan of up to Rs. 5 Crores and even get an additional Home Loan top up. With easy-to-fulfill eligibility criteria and increased convenience, which enables the loan process to be completed online, it is now significantly easier for homeowners to buy property.

While the Centre passed the RERA Act, all the states were asked to create their own legislation in line with the Central Act. In West Bengal, RERA took the shape of West Bengal Housing Industry Regulation Act (WBHIRA). WBHIRA makes the buying and selling of property an extremely transparent process, and offers homeowners protection. The HIRA West Bengal Act has also made provisions for quick and efficient resolution of disputes which may arise between property developers and homeowners. Read on below to learn the requirements from promoters or developers in terms of following the guidelines for RERA West Bengal.

Documents Required

For promoters or developers or any other entity interested in selling a property, they are required to submit a few documents and list their property on the WBHIRA website. For RERA West Bengal registration, the WBHIRA is the appropriate platform.

A promoter of a real estate project can register his property on WBHIRA by registering the following documents:

  • Details of the company’s financial health and identity, through the copy of the PAN Card.

  • A balance sheet which has been audited, for the previous financial year, as well as ITR for the three financial years preceding the current year.

  • The total number of parking areas, including open parking areas, available on the property.

  • The promoter must also submit a copy of the legal title deed, which demonstrates that the property is rightfully theirs.

  • Details of the land and any encumbrances on it.

  • The promoter must submit a declaration to the effect that no discrimination shall happen against any potential homebuyer at the time of allotment of the property.

  • Other major details of the concerned project, including its total area, including built up area, and even the current status of development or construction.

The documents required from real estate agents who wish to apply for the RERA West Bengal registration differ only slightly from the documents required from real estate promoters. The real estate agent who wishes to register under the West Bengal RERA equivalent authority must submit the following documents:

  • A copy of the PAN Card

  • Details of the enterprise they are associated with, including name, type of enterprise, and its legally registered address.

  • Any other particulars of registration, including the relevant by-laws as well as the memorandum of association.

  • Photographs of the individual in case of independent real estate agents, or photographs of all the concerned partners, directors, etc.

  • Proof of ITR from over the last three years.

  • Legal documents related to the land, its purchase, deeds, etc.

  • Copy of the company or other entity’s proof of address.

WBHIRA or West Bengal RERA has also declared a range of charges, which differ based on the particulars. For instance, the registration fees for different kinds of entities are different and the charges for different kinds of properties vary as well.

How to Sign Up/Register with HIRA West Bengal?

Promoters or real estate developers can easily sign up or register with WBHIRA by following the steps mentioned below.

  1. Visit the official website, and click on “Online Registration”, under which you will find “Online Registration for Real Estate Project/Real Estate Agent/Complaint”.

  2. On the new page you are directed to, fill out the form by providing the requisite details and click ‘Register’.

How to Sign In to Register a Real Estate Project with WBHIRA?

Once you have registered to the WBHIRA portal, it is easy to sign in everytime you need to upload details of a real estate project. Read on below to learn more.

  1. Visit the official website and click on the ‘Login’ tab.

  2. Select the ‘Upload Real Estate Project Details’.

  3. How to Sign In to Register a Real Estate Project with WBHIRA

  4. On the new page you are directed to, fill in your registered details, and click on ‘Continue’ to complete the log in process.

What are the Steps to Register a Real Estate Project with WBHIRA?

Once your account has been successfully activated on the WBHIRA portal, you can follow the steps below to register your real estate project on it.

  1. Visit the website and head to the ‘Online Registration’ tab.

  2. Under that, click on ‘Online Registration for Real Estate Project/Real Estate Agent/Complaint’.

  3. What are the Steps to Register a Real Estate Project with WBHIRA

  4. Follow the directions on the page you are redirected to, after you log in.

HIRA West Bengal - Fees and Charges

Registering on the WBHIRA portal will result you incurring certain charges that you need to be aware of. Read on below to learn what these charges and how they differ.

  • Registration Fee for Promoters

For residential projects, with proposed land area lesser than 2,000 sq. m.

Rs. 10 per sq. m.

For residential projects, with proposed land area more than 2,000 sq. m. but lesser than 5,000 sq. m.

Rs. 20 per sq. m.

For residential projects, with proposed land area more than 5,000 sq. m.

Rs. 30 per sq. m.

For commercial projects

Rs. 30 per sq. m.

  • Registration Fee for Real Estate Agents

For individual agents

Rs. 25,000

For anybody other than individual agents

Rs. 2,50,000

  • Other Charges for RERA West Bengal

Charges for filing an appeal

Rs. 1,000

Charges for filing complaint

Rs. 1,000

How to File a Complaint with WBHIRA

Like operating the rest of the website, filing a complaint on WBHIRA is extremely simple as well. Read on below to learn how you can complete the process online in 3 steps.

  1. Visit the official portal of WBHIRA.

  2. Head to the ‘Online Registrations’ tab, under which you will find the ‘Online Registration for Real Estate Project/Real Estate Agent/Complaint’ link.

  3. Sign in to continue with the process of filing a complaint.

  4. Alternatively, you can also send a complaint to WBHIRA via the post to their registered address.

Conclusion

The website for HIRA West Bengal and the associated processes have actually made real estate agents and developers a lot more accountable. Homeowners can now buy property with utmost transparency and ease. It also helps that more financing options are available today, such as Home Loans, available on Finserv MARKETS, which can be repaid by the borrower comfortably over a flexible repayment tenure ranging up to 360 months.

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