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  • RERA Andhra Pradesh

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  • Andhra Pradesh Real Estate Regulatory Authority (RERA) was set up under the Real Estate (Regulation & Development) Act, 2016. The State Government has already published the Andhra Pradesh Real Estate (Regulation & Development) Act, 2017, the full copy of which can be found on the official Andhra Pradesh RERA website. All builders, developers, and real estate agents are required to follow the rules mentioned in the act and failure to do so may result in strict actions taken against them.

    Some of the important features of this Act are:

    • The AP RERA acts as a government body which can be approached by any homebuyer for the purpose of grievance redressal
    • This authoritative body also governs and controls real estate transactions, whether its commercial or residential
    • The law has also made it mandatory for all buyers and developers to publish all the information related to their real estate project on the official AP RERA portal. This includes project plan, layout plan, approval certificates, land title status, schedule for completion, development plan, et cetera
    • In case of any delay in the delivery of the project by the developer, the developer will be liable to compensate the customer

    Hence, as seen from the aforementioned points, it is evident that the Real Estate Act 2016, has been designed primarily to protect the interest of customers in the real estate sector. It not only serves as an efficient mechanism for grievance redressal but also introduces accountability and transparency in the sector on a macroscopic level. Furthermore, an Appellate Tribunal will also be established to hear pleas against the verdicts delivered by the state RERA.

    RERA Andhra Pradesh Registration

    All real estate builders, developers, and agents are required to register with the Andhra Pradesh RERA. The procedure and documents required for the same can be found on the official website at http://www.rera.ap.gov.in/RERA/Views/Home.aspx.

    Real estate developers need to submit all the documents related to their real estate project. These documents include:

    • Promoter information and details like PAN card, Aadhaar number, passport size photographs, address proof, et cetera. The same information has to be included for co-promoters and other officials included in the project
    • Documents declaring the financial information of the promoter like audited balance sheet, profit & loss statement, cash flow statement, income tax returns, et cetera
    • Information about the project and all the suitable documents such as land encumbrance details, approval certificates by the competent authority, development plans, layout plans, location details, title deed, structural stability certificate, et cetera
    • Details of the bank account where the funds for the project are stored

    Real estate agents in the state as well, are required to submit certain documents with their application. These are:

    • PAN card and Aadhaar card
    • Contact details of the agent/entity
    • Information about the enterprise; to be submitted with the address proof
    • Litigation details, if applicable

    To register with AP RERA, visit the official site and follow the instructions. If you are a developer looking to register your project, then you need to select ‘Registration’ followed by ‘Project Registration’.

    If you are an agent, then you need to select ‘Registration’ followed by ‘Agent Registration’.

    All the rules have been published on the official AP RERA site and the list of relevant documents needed can be found there. It is suggested that you go through them carefully to understand the requirements before proceeding with the registration process.

    For any further queries, you can also browse through the ‘User Manual’ and ‘Guidelines for Registration’ available on the official site or get in touch with the officials.

    RERA Andhra Pradesh Fee for Real Estate Developers

    Any real estate developer who is looking to register their project with the state RERA needs to pay a registration fee through a Demand Draft or NEFT/RTGS. This fee is calculated based the type of the real estate project and the area of the land occupied. As a general rule, a fixed sum will be charged per square metre.

    You can use the ‘Registration Fee Calculator’ tool found on the AP RERA site to calculate how much fee you will have to pay. For this, you will need to enter the type of project you have, site area, residential build-up area, and commercial build-up area.

    Similarly, a real estate agent too, needs to pay a registration fee. This fee is a fixed sum and only varies if the agent is an individual or an entity.

    RERA Andhra Pradesh Address

    For any queries related to the implementation of RERA in AP, you can visit the AP RERA officials at:

    Andhra Pradesh Real Estate Regulatory Authority
    1st Floor, RTC House,
    Vijayawada, 520013

    You can also contact them at helpdesk-rera@rera.gov.in

      

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