A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • RERA Karnataka

    The official portal of Real Estate Regulatory Authority Karnataka (RERA Karnataka) is developed under section 4.3 of the Real Estate Regulatory Authority (RERA) Act, 2016. The RERA Act, 2016 was introduced to reform the real estate segment of the country, thereby encouraging better transparency, citizen centricity, financial disciple and accountability. 

    RERA Karnataka Fees & Charges

    The following tables give you the full list of the fees applicable for various types of projects in Karnataka.

    Group Housing Project

    Particulars Applicable Fees
    Area of proposed land for development is not more than 1,000 square meters Rs.5/square meter
    Projects in which area of proposed land for development is more than 1,000 square meters Rs.10/square meter (maximum of Rs.5 lakh)

    Mixed Development (commercial and residential) Project

    Particulars Applicable Fees
    Area of proposed land for development is not more than 1,000 square meters Rs.10/square meter
    Projects in which area of proposed land for development is more than 1,000 square meters Rs.15/square meter (maximum of Rs.7 lakh)

    Commercial Projects

    Particulars Applicable Fees
    Area of proposed land for development is not more than 1,000 square meters Rs.20/square meter
    Projects in which area of proposed land for development is more than 1,000 square meters Rs.25/square meter (maximum of Rs.10 lakh)

    Plotted Development Projects

    Rs.5/square meter of the total area of the plot. The maximum fee is Rs.5 lakh.

    RERA Act for Karnataka Real Estate Agents

    The real estate agent must pay Rs.25,000 as registration fees if he is an individual. In every other case, the registration fee is Rs.2 lakh.

    In addition to this, every real estate agent should provide the following documents in addition to any other requested information and forms for registration:

    • Brief information of the agency along with its name, type of business, address, societies, partnerships, proprietorship, and more.
    • Details of registration of the enterprise including the MOA, AOA, and the bye-laws.
    • If the agent is an individual, details of his name, contact details, and address. In any other case, full details and photographs of the directors or partners.
    • PAN card copy (self-authorised).
    • Copy of the address of the business (self-authorised).

    Protection for Karnataka Real Estate Buyers

    In case you want to register a complaint about any violation committed under this Act, you can do so with the Adjudicating Officer or the Regulatory Authority. You will have to take a Demand Draft (DD) to the extent of Rs.1,000 to file your complaint.

    How to Register in RERA Karnataka

    To register, follow the below process: 

    • Visit Rera Karnataka official website.  
    • Visit rera karnataka website
    • Select ‘Registration’ from the drop-down menu. 
    • select registration
    • You’ll have five choices, which are: Project Registration/Complaint Registration/Apply for Extension/Change Request/Post Registration and Quarterly Update. 
    • You’ll be directed to go through the checklist in order to keep all required documents ready for the registration process. 
    • The next page lets you choose the promoter type (Individual or Societies/Company/Partnership Firm/Development Authority/Trust Agents. 
    • Now, enter your Email ID. 
    • Follow the process to register the project.

    Documents Required to Register in RERA Karnataka

    1) Documents checklist for promoters:

    To register a project online for promoters, the below set of documents are required:

    • Balance Sheet (for 3 years)
    • Audited Profit and Loss Statement (for 3 years)
    • Directors’ Report (for 3 years)
    • Cash Flow Statement (for 3 years)
    • Auditor Report
    • Income Tax Return Acknowledgement
    • PAN Card
    • Encumbrance Certificate
    • Commencement Certificate
    • Approved Building/Plotting Plan
    • Approved Layout Plan
    • Proforma of Agreement for Sale
    • Sale Deed and RTC
    • Approved Section of Building/Infrastructure Plan of Plotting
    • Area Development Plan of Project Area
    • Proforma of Allotment Letter
    • Brochure of Current Project
    • Proforma of Sale Deed
    • Project Specification
    • Collaboration Agreement/Development Agreement/Joint Development Agreement/Other Agreement
    • Declaration (Form B)
    • Khatha
    • Other Documents (Title/Rights/Interest/Name)
    • Approval/NOC under Section 109 of KLR Act 1961
    • Approval/NOC under Section 14 of KTCP Act
    • Fire Force Department NOC
    • Airport Authority of India NOC
    • BESCOM NOC
    • BWSSB NOC
    • KSPCB NOC
    • SEIAA NOC
    • BSNL NOC
    • Lift Authorities
    • Existing Layout Plan
    • Existing Section Plan and Specification
    • Change of Land Use
    • BMRCL NOC
    • Urban Land Ceiling NOC
    • Sectional Drawing of the Apartments
    • Bangalore Urban Arts Commission
    • Inspector of Factories Controller of Explosive Railways
    • District Magistrate
    • Coastal Regulation Zone Authority
    • Certificate from Registered Engineer indicating Structural Safety of the building
    • NOC in case of building proposals abutting to neighbouring properties
    • Advocate Search Report
    • Utilisation Certificate
    • Transfer of Development Rights Certificate
    • Relinquishing Deed
    • Project Photo

    2) Documents checklist for individual real estate agents:

    For individual real estate agents, the following documents are to be provided:

    • Name of the agent (as per PAN records)
    • Contact details of the agent (mobile phone or telephone number)
    • Email ID of the agent
    • Self-attested ID proofs such as passport, voter ID card, Aadhaar card, driving licence, and/or bank passbook with photograph
    • PAN card (self-attested copy)
    • Passport sized photograph of the agent
    • Agent notarised affidavit on Rs.100 stamp paper

    3) Documents checklist for company, society, partnership firm, trust, development authority, or proprietorship firm:

    For company, society, partnership firm, trust, development authority, or proprietorship firm, the following documents are to be provided:

    • Name of the applicant
    • Full address of the firm
    • Contact details (telephone number or mobile phone number of the firm)
    • Valid email ID of the agent
    • Self-attested ID proofs such as bank passbook with photograph or name of the company, registration certificate of the company, shops and establishment certificate, and/or GST certificate
    • PAN card (self-attested copy and with company seal)
    • Details of one of the directors or partners of the firm (including name, contact number, email ID, and photograph)
    Documents required to be uploaded while making the payment
    • Attach Online Payment Receipt 
    • Penalty Paid Receipt  

    For promoter type other than individual, apart from the above set of documents, company registration certificate is required to be uploaded. 

    RERA Office Address 

    Real Estate Regulatory Authority Karnataka, 2nd floor, Silver Jubli Block, Unity Building, CSI Compound, 3rd Cross, Mission Road, Bengaluru, Karnataka - 560027 

    Telephone: 080 - 22249798/22249799, Email ID: info.rera@karnataka.gov.in 

    RERA Karnataka has also implemented a new initiative called Helpdesk. It helps answer any questions you may have. It is a digital platform that records queries and offers solutions.

    FAQ

    1. What is the function of Karnataka RERA?

      The Karnataka RERA is the regulatory authority for real estate which is responsible for the protection of home buyers’ rights and prevention of unfair activities in the said sector.

    2. Can I get RERA approval?

      Yes, you can get RERA approval by registering yourself with the authority. In order to do that, you will be required to submit the necessary documents which are prescribed by RERA and register yourself as an agent or developer.

    3. When was the RERA rules approved in Karnataka?

      The RERA rules in Karnataka was approved by the Karnataka state cabinet on 5 July 2017.

    4. Who is required to be registered under Karnataka RERA?

      The rules and regulations jotted by the Karnataka RERA states that all ongoing projects, real estate agents, and promoters are required to be registered with the RERA.

    5. What are the statistics in regard to registrations with Karnataka RERA?

      At present, there are more than 3,800 projects and over 2,100 real estate agents who are registered under Karnataka RERA. There are more than 3,700 complaints which have been registered on the website.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.