June 2023: The Bengal Government recently announced slashing the size of residential development to come under RERA. This step has been taken with the aim of bringing the pool of small-sized projects within the umbrella of the buyer-friendly law. The state housing department stated that the projects that come up on one plot, do not exceed 200 square metres of area and six apartments would be exempted from getting Real Estate (Regulation & Development) Act, 2016 registration.
The changes would come into effect immediately. Thus, the projects that have been taken up by the unorganised sector and are often found to be lagging in construction quality would now come under this Act.
Purchasing a home has become easier for individuals and families everywhere, especially with increased financing options. At Bajaj 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.
Promoters or real estate developers can easily sign up or register with WBHIRA by following the steps mentioned below.
Visit the official website, and click on “Online Registration”, under which you will find “Online Registration for Real Estate Project/Real Estate Agent/Complaint”.
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.
Visit the official website and click on the ‘Login’ tab.
Select the ‘Upload Real Estate Project Details’.
On the new page you are directed to, fill in your registered details, and click on ‘Continue’ to complete the log in process.
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.
Visit the website and head to the ‘Online Registration’ tab.
Under that, click on ‘Online Registration for Real Estate Project/Real Estate Agent/Complaint’.
Follow the directions on the page you are redirected to, after you log in.
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.
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. |
For individual agents |
Rs. 25,000 |
For anybody other than individual agents |
Rs. 2,50,000 |
Charges for filing an appeal |
Rs. 1,000 |
Charges for filing complaint |
Rs. 1,000 |
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.
Visit the official portal of WBHIRA.
Head to the ‘Online Registrations’ tab, under which you will find the ‘Online Registration for Real Estate Project/Real Estate Agent/Complaint’ link.
Sign in to continue with the process of filing a complaint.
Alternatively, you can also send a complaint to WBHIRA via the post to their registered address.
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 Bajaj Markets, which can be repaid by the borrower comfortably over a flexible repayment tenure ranging up to 360 months.