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.

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.

All you need to know about Karnataka RERA
Vijay Shankar | Housing News

 

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

 

 

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.

 

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.

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