On 31st July 2017, the state government of Telangana notified the TSRERA or Telangana State Real Estate (Regulation and Development) Act as per the RERA rules introduced by the Central Government in 2016. The RERA Telangana rules and regulations are segregated into 12 chapters. These are aimed at safeguarding the interest of homebuyers of the state and facilitating quick settling of disputes.
Telangana RERA also accepts and supervises document submission by a promoter of a real estate project for its registration under this act.
Here’s more about RERA Telangana.
RERA Telangana aims at managing and regulating several aspects of the real estate sector of the state of Telangana. Besides regulating this sector, this act looks into other facets. These include advocating transparency between home buyers and builders, extending quick redressal of disputes and standardising real estate construction.
RERA in Telangana provides services to agents, homebuyers and promoters. Illustrated below are various details related to it:
|For real estate agents||Registration renewal, Register real estate authorities, File RERA complaint Telangana online|
|For Promoters||Update details of a registered project every quarter, File for an extension of a real estate project, Register real estate projects under RERA, and File complaints online|
|For Homebuyers||Access records of every real estate project registered under RERA and view details submitted by promoters or agents on the web portal, File an online complaint with RERA in case one suffers losses because of a developer breaching provisions of RERA|
Promoters can follow this step-by-step guide to registering at TSRERA as a promoter:
Visit the official website of RERA Telangana and click on “Services”. From the dropdown menu, select Real Estate Project Registration. You will be redirected to a new page.
You will be redirected to a page that will ask you to log in to your account. However, since you’re a new user, click on “New Registration”.
Upon clicking “New Registration”, you will be redirected to another page. Select “Promoter” and start creating your log in ID. Enter the CAPTCHA and click on “Create User”. Click on the activation link to complete TSRERA promoter registration process.
Given below is a step-by-step guide for RERA agent registration in Telangana:
1. Visit the RERA Telangana login webpage.
2. Go to “Services” and click on “Real Estate Agent Registration”. You will be redirected to a new page where you will be asked to log in. If you don’t have a log in ID, you need to register by clicking on ‘New Registration.’
3. Choose user type as ‘Real Estate Agent’ and input all required details. Fill in CAPTCHA code and choose ‘Create User’. You will receive a verification mail in the provided email ID.
4. Click on the activation link to complete registration.
Listed below are the steps to register a real estate project at TSRERA:
Go through these steps to view the registered project details:
Also, you can view details related to a project, registration application, certificate of registration and land of the concerned project by selecting the icons given against every project.
You can also click on icons given against every real estate agent to view details of the application for registration, certificate of registration and real estate promoter or agent.
You can view RERA Telangana rules and regulations by downloading a pdf file. Here’s how to go about it:
1. Visit RERA Telangana official website and go to the Downloads section.
2. From the Downloads section, select ‘Rules and Regulations’ from the dropdown menu.
3. Upon selection, you will be redirected to a page where you can download the pdf. Click on the pdf to download.
Given below is the list of documents necessary for registering a project under RERA Telangana:
You have to pay Rs.1,000 to register an appeal under RERA. This should be done in the form of a demand draft drawn in favour of the Appellate Tribunal.
Given below is the address of the RERA office in Hyderabad and other contact details:
|Office Address||Telangana Real Estate Regulatory AuthorityDTCP Building, Ground Floor640, A.C.Guads, Masab Tank, Opp. PTI BuildingHyderabad – 5000 004|
|TSRERA Secretary email ID||[email protected]|
|TSRERA Office email ID||[email protected]|
|RERA Telangana Contact Number||040-48552222, 040-48553333|
India’s real estate sector has witnessed numerous instances of money laundering and corruption and cases of fraud. Several repeated cases have affected the trust of homebuyers.
Thus, with an aim to curb all of this and create a more transparent system, the Government of India established the Real Estate (Regulation and Development) Act in 2016. Gradually, this act was adopted and inducted by various states.
If you are a resident of Telangana looking to buy a home or register a real estate project, make sure you are aware of every detail regarding RERA Telangana.
Ans. It is mandatory to register every real estate project with the RERA. Those who would fail to do the same would have to pay a penalty of up to 10% of the concerned project’s estimated cost.
Ans. Any person (can be a real estate agent, home buyer or promoter) who has been aggrieved during the process of purchasing or selling a real estate project can file a complaint with the RERA.
Ans. As per Section 3(1) of the Real Estate (Regulation and Development) Act, a promoter can only begin advertising a real estate project after the registration of the concerned project has been completed with the regulatory authority.
Ans. According to Section 62 of RERA, if an unregistered real estate agent facilitates the purchase or sale of a project, then he or she is liable to pay a cumulative fee of up to 5% of the concerned project’s cost or a penalty of Rs. 10,000 per day.
Ans. Real estate agents need to pay a registration fee of Rs. 10,000 if the concerned applicant is a single individual. On the other hand, an entity will have to pay a fee amounting to Rs. 50,000 while registering with the regulatory authority.
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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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