UP RERA: How To Register, Rules And Fees

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In 2016, the Indian Parliament passed the Real Estate (Regulation and Development) Act (RERA) to protect buyers’ interests and boost the real estate sector. The Act was first introduced in 2013 and came into force on May 1, 2017. Though it is a Central Act, the implementation of RERA depends on each state as real estate is a state matter. The Uttar Pradesh Government drafted and published its RERA rules on October 27, 2016, and launched the UP RERA website on July 26, 2017.

Read along to know more about RERA in Uttar Pradesh. 

A Brief Overview of RERA Act 2016

The RERA Act 2016 was launched with the aim to regulate India’s real estate sector and protect homebuyers. Streamlining the real estate sector and the introduction of regulations also boosted the industry. The Act mandated setting up Real Estate Regulatory Authority across various states (like UP RERA) as the regulatory body responsible for addressing customer grievances.

Thus, this Act set up a regulatory authority in every state and union territory of the country. It would protect the interests of investors and create and maintain a robust grievance redressal system. The RERA Act also stipulated that all real estate promoters and developers had to register themselves and their projects for increased transparency. 

Objectives of RERA in Uttar Pradesh

The following are the objectives of the UP RERA:

• To make sure that all developers disclosed details of their projects
• Have every real estate project in a state registered
• Register all real estate agents and hold them accountable
• Set up a mechanism for speedy dispute redressal
• Establish an Appellate Tribunal to address appeals on time
• Provide recommendations to the Government regarding the real estate industry

What Are the Rules and Regulations under the Uttar Pradesh RERA Act?

 The following are some of the most important rules and regulations of UP RERA:

• All states have to set up regulatory bodies and Appellate Tribunals under RERA to solve disputes between buyers and builders. These would govern both residential and commercial real estate transactions.
• Developers must disclose all information such as government approvals, project plans, layout, land title status, completion schedule, etc., to UP RERA and the consumers. 
• Developers, builders and real estate agents must register themselves under RERA. They also have to get any projects with an area of more than 500 sq mt or 8 apartments registered before launch. 
• It also ensures that builders complete their projects on time. If a developer delays a project, he/she will be liable to pay interest at the same rate as a customer’s loan EMI. 
• Promoters are required to park 70% of money collected from buyers in a separate reserve account for construction expenses. 
• The Act describes a standard sales agreement between buyers and sellers. 
• Developers/promoters who violate the terms of the Appellate Tribunal may face fines of up to 10% of their project’s cost and imprisonment of up to three years.

How to Register as a Promoter under UP RERA?

Also Read – RERA Karnataka: Everything You Should Know

How to Register for Real Estate Agents under UP RERA

To register under RERA, real estate agents need to follow these steps:

Step 1: Visit the official website of UP RERA and go to Registrations>Agent.

Step 2: Input all required details, including name, father’s name, mobile number, email ID, residential address, PAN, Aadhaar number etc.

Step 3: Upload scanned copies of your PAN card, Aadhaar card and photograph. 

Step 4: Enter details of your bank account, such as account number, bank name, IFSC Code and click on ‘Save and Pay’. 

Step 5: On the payment page, pay the registration fees using any of the following methods: credit card, debit card, NEFT, RTGS or UPI.

Also Read: RERA Delhi: Registration Process, Documents Required And Fees 

How to Register Complaint under Uttar Pradesh RERA?

Follow these steps to register a complaint under UP RERA:

Step 1: Go to the official website of Uttar Pradesh RERA

Step 2: Go to the “Complaints” section in the menu bar and select “Register Complaint” from the dropdown menu

Step 3: Choose log-in preference – by Email or by OTP. If you don’t have log-in credentials, click on “Register”.

Step 4: Fill in the specified fields to register. Choose a password and click on “Register Now”.

Step 5: Once you have registered, log in to the portal. You will be redirected to a new page.

Step 6: Click on Register New Complaint (Form M).

Step 7: Answer a couple of questions pertaining to details of the complaint – you just have to choose between “yes” and “no”. The questions could be “Is there an earlier order passed by RERA in this matter?” and “Pending court cases regarding this complaint (if any)”.

Step 8: Assuming that you have selected “No” for both the questions, you will be redirected to “Responding Party Details”.

Step 9: Select details pertaining to promoter/agent, project, etc., and click on “Next” to complete the registration process.

Fees and Charges for Registration under Uttar Pradesh RERA

The following lists the fees and charges for RERA in Uttar Pradesh:

• For real estate agents

• For promoters and projects

• Additional charges under UP RERA

Final Word

Since its inception in 2016, UP RERA has brought regulation to the state’s real estate sector and protected the interests of homebuyers. By bringing transparency and professionalism to the sector, it has, in turn, boosted confidence among investors. The state government has also launched an easy-to-use online portal where all parties can get information or file complaints. 

Check RERA in Other States

FAQs on Uttar Pradesh RERA

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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.