RERA Approved Projects in Bangalore

As required by the law, all builders and developers in the state are supposed to register their present and ongoing projects with Karnataka RERA. The following table lists all the projects in Bangalore that have been registered on the portal. The name of the project and the registration number can be found below.

RERA Agent Registration

For decades, people in India were facing the brunt of bad real estate policies. There was a time when home buyers could not trust any builders. Builders failing to register their projects, not completing the projects as agreed, extending the deadline by months and even years were only a few scenarios that made the real estate sector in our country hopeless.

To protect home buyers and to boost the real estate sector, the Government of India introduced the Real Estate Regulatory Authority (RERA) Bill under the National Congress rule in the year 2013. After much debate and disagreements, the bill was approved on March 2016.

According to this bill, an RERA agency was set up in each state who will regulate the act and also function as an adjudicating body in case of any real estate related dispute and redressal.

Every real estate agent is required to be registered with their respective state-level RERA Authority mandatorily as per the The Real Estate (Regulation and Development) Act, 2016. A registration number will be given to every registered RERA agent which will be quoted in every transaction made by that agent. This registration will be valid for 5 years.

Benefits of RERA Agent Registration

• It increases professionalism. RERA registered agents are charged with hefty penalties if they try to offer wrong information to the buyers which makes the home buying process transparent.
• It ensures timely delivery of construction projects and builders will be fined if they do not deliver on time.
• It increases authenticity and makes home buyers increase their trust on the builder, developer, and the broker.
• It decreases real estate frauds. All information pertaining to any RERA registered agent or builder is posted online on their official website which makes them accountable. This helps reduce fraud.
• All complaints are addressed diligently through the redressal committee.

Documents Required to Register with RERA

• A duly filled RERA Agent registration form.
• Registration document of the company which states the type of organization like public firm or a partnership firm.
• Copy of address proof of the business.
• Copy of the PAN Card of the real estate agent.