All you need to know about Karnataka RERA


We look at the registration procedure and fees, for promoters and agents and the process for filing complaints under the Karnataka RERA

Bengaluru being one of the most active real estate markets of India, the need for a real estate regulatory authority was imminent. Therefore, the state cabinet notified Karnataka Real Estate Rules-2017 and the Karnataka Real Estate Regulatory Authority (KRERA) was formed. While the motive of this institution is to promote transparency, financial discipline and accountability, the Authority is also responsible for protecting home buyers’ rights and preventing wrongdoings in the real estate sector, by eliminating miscreants and fly-by-night operators.

According to the Karnataka RERA rules, every promoter, ongoing project and real estate agent has to register with the Karnataka RERA before it can reach out to the common public. In a recent announcement, the Karnataka RERA has directed all the property developers to mention the RERA registration number in all print advertisements and register the name of the land owners, as well. Apart from this, the authority has asked builders to submit a self-declaration affidavit specifying all details on project completion, which will then be verified on-site by authorities.

According to the Karnataka RERA website, around 3,803 projects, 2,101 real estate agents and 3,775 complaints have been registered, so far.

Here are some of the other must-know things about Karnataka RERA:

 

Procedure for project registration on Karnataka RERA

Step 1

Visit rera.karnataka.gov.in and click on ‘Project Registration’ option.

rera karnataka

 

Step 2

Ensure you have all the key documents required for making the process hassle-free.

Here is the list of the key information required for project registration:

  1. Balance sheet of the past three years.
  2. Audited profit and loss statement of the past three years.
  3. Directors’ report of the past three years.
  4. Cash flow statement of the past three years.
  5. Auditor’s report.
  6. Income tax returns.
  7. PAN card.
  8. Encumbrance certificate.
  9. Commencement certificate.
  10. Approved building plan.
  11. Approved layout plan
  12. Proforma of agreement for sale.
  13. Sale deed and RTC.
  14. Approved section of building.
  15. Area development plan of project area.
  16. Proforma of allotment letter.
  17. Brochure of current project.
  18. Project specification.
  19. Joint development agreement.
  20. Declaration (FORM B).
  21. Khatha.
  22. Approval/NOC under Section 109 of KLR Act 1961.
  23. Conversion certificate under Section 95 of KLR Act 1961.
  24. Approval /NOC under Section 14 of KTCP Act.
  25. Fire department NOC
  26. Airport Authority of India NOC.
  27. BESCOM NOC.
  28. BWSSB NOC.
  29. KSPCB NOC.
  30. SEIAA NOC.
  31. BSNL NOC.
  32. Lift authorities’ permission.
  33. Existing layout plan.
  34. Existing section plan and specification.
  35. Change of land use.
  36. BMRCL NOC.
  37. Urban land ceiling NOC.
  38. Sectional drawing of the apartments.
  39. Bangalore Urban Arts Commission.
  40. Inspector of Factories controller of explosives, Railways.
  41. District magistrate.
  42. Coastal Regulation Zone Authority.
  43. Certificate from a registered engineer, indicating structural safety of the building.
  44. NOC, in case of building proposals abutting to neighbouring properties.
  45. Advocate search report.
  46. Utilisation certificate.
  47. Transfer of development rights certificate.
  48. Relinquishment deed.
  49. Project photo.

 

Step 3

There are two types of registration – Individual and Society. Choose the category and mention your email ID.

All you need to know about Karnataka RERA

 

Step 4

There are five steps that have to be followed, which include filling up promoter details, project details, document uploads, payment and receiving confirmation.

All you need to know about Karnataka RERA

 

Documents to be submitted on project completion

On December 23, 2020, the K-RERA announced the introduction of a new system that would require a developer to submit a self-declaration affidavit with the following documents:

  • No-objection certificate issued by the fire services department.
  • Consent for operation from the pollution control board.
  • Sanction letter issued by the concerned Escoms for power connection.
  • Details of the installed transformer.
  • Certificate issued by the BWSSB on the working status of a treatment plant.
  • Details of external infrastructure such as driveway, play area, garden and water availability.

All the details furnished by the developer at the time of project completion will be then verified on-site by the authority. Earlier, the developer was required to upload only four documents on completion of the project on the K-Rera website.

 

Karnataka RERA fees for registration

Type of projectApplicable fees
Group housing project with developable land of less than 1,000 sq metres.Rs 5 per sq metre
Group housing project with developable land of more than 1,000 sq metres.Rs 10 per sq metre (maximum Rs 5 lakhs)
Mixed development project with developable land of less than 1,000 sq metres.Rs 10 per sq metre
Mixed development project with developable land of more than 1,000 sq metres.Rs 15 per sq metre (maximum Rs 7 lakhs)
Commercial project with developable land of less than 1,000 sq metres.Rs 20 per sq metre
Commercial project with developable land of more than 1,000 sq metresRs 25 per sq metre (maximum Rs 10 lakhs)

 

Karnataka RERA procedure for agent registration

Every real estate agent operating in Karnataka has to register his/her business with the the RERA. It could be at an individual level or entity level. Here is the process:

Step 1

Visit rera.karnataka.gov.in and click on ‘’Agent Registration’’ option.

 

Step 2

Choose between individual or business entity and mention your email.

All you need to know about Karnataka RERA

 

Step 3

Fill the details such as personal information and area of operation. Upload documents, which includes an affidavit and pay the registration fee.

 

Step 4

Wait for a RERA registration number to be allotted by the authority.

The registration fee for individual real estate agents is Rs 25,000 and Rs 2 lakhs, if it is a business entity.

 

How to file a complaint on Karnataka RERA website?

Home buyers and investors can file a complaint with Karnataka RERA online in three simple steps:

Step 1

Visit rera.karnataka.gov.in and click on ‘’Register Complaint’’. Login with your details. If you are a first-time user, you have to create an account.

 

Step 2

Once logged in, feed in information such as complainant details, respondent details and relief sought from the RERA. The user has to also mention details of complaints and supporting documents to make their case strong. To register the complaint, the user has to pay Rs 1,000 through the online payment and publish the acknowledgement slip here.

All you need to know about Karnataka RERA

 

Step 3

User will receive the acknowledgement number/complaint number shortly after submitting the complaint.

 

How to report unregistered projects?

Home buyers and investors can also report unregistered projects to the RERA through this online portal. The complainant has to mention the name of the project, promoter, project address and any relevant documents.

All you need to know about Karnataka RERA

 

You can read more about RERA Karnataka Rules here.

 

How can I check RERA status in Karnataka?

RERA encourages home buyers to check the status of registered projects, before buying a home in a particular housing project.

Procedure to check RERA status for registered projects in Karnataka

Step 1: Visit the RERA Karnataka portal. On the home page, click on ‘Project Status’ under ‘Services’ tab.

 

All you need to know about Karnataka RERA

 

Step 2: On the next page, there will be multiple options for various applications. For registered projects, enter details like project name or application number, etc. Click on ‘Search’.

 

All you need to know about Karnataka RERA

 

The details of the project, including the status, will be displayed on the screen.

 

All you need to know about Karnataka RERA

 

Procedure to check RERA status for agents in Karnataka

One can also see the status of RERA-registered agents on the RERA Karnataka portal by clicking on ‘Agent Status’ under ‘Services’.

 

All you need to know about Karnataka RERA

 

Click on ‘Applications Approved’ from the multiple options given on the page. Enter one of the search criteria, such as agent name or company name, etc. Click on ‘Search’ to check the status.

 

All you need to know about Karnataka RERA

 

KRERA Latest News

Covid 19: Karnataka RERA extends deadline for project registration

Following the footsteps of Maharashtra Real Estate Regulatory Authority (MahaRERA), the Karnataka Real Estate Regulatory Authority (K-RERA) has also given a three-month deadline extension to all real estate projects in the city. The extension is valid for those projects which are registered with K-RERA and whose completion date expires on March 15. This also includes statutory compliances under RERA Act, 2016 which were due in March, April and May. Now, the last date is June 30, 2020. Additionally, the K-RERA has also adjourned all the complaints listed before adjudicating officer to avoid gathering of vistors and lawyers. The new date will be updated on the authority’s website on case to case basis.

 

FAQs

Is RERA applicable in Karnataka?

Yes, Karnataka state cabinet has already approved and notified Karnataka Real Estate Rules-2017 and the Karnataka Real Estate Regulatory Authority (KRERA) has been formed.

What is Karnataka RERA?

Karnataka RERA is the Real Estate Regulatory Authority, responsible for protecting home buyers' rights and preventing wrongdoings in the real estate sector, by eliminating miscreants and fly-by-night operators.

How to check registered project in Karnataka?

All you need to know about Karnataka RERA

You can visit rera.karnataka.gov.in and select ‘Projects’ from the top menu. You need to login with your personal details to view RERA registered projects.

How do I get RERA approval?

All you need to know about Karnataka RERA

You need to register yourself with RERA authority as an agent/developer by submitting all the necessary documents listed on the official website.

When did Karnataka approve its RERA rules?

The Karnataka state cabinet approved the Karnataka Real Estate (Regulation and Development) Rules, on July 5, 2017.

Are the Karnataka RERA rules applicable on Bangalore Development Authority projects?

Yes, the Karnataka RERA rules are applicable on Bangalore Development Authority projects, as well as Karnataka Housing Board Projects.

Which entities are required to register themselves under the Karnataka RERA?

The Karnataka RERA rules state that every ongoing project, promoter and real estate agent has to register with the RERA.

What is the status of registrations on the Karnataka RERA website?

So far, 3,803 projects and 2,101 real estate agents have been registered on the Karnataka RERA website. 3,775 complaints have also been registered.

Was this article useful?
  • 😃 (8)
  • 😐 (1)
  • 😔 (1)

Comments

comments