Becoming the homeowner is a life goal for every person but anyone who has been involved in the process knows that it isn’t a straightforward one. Buying a real estate property comes with its own set of norms and restrictions based on the developer, builder, or previous owner.
Therefore, to safeguard the rights and the interests of the buyers who have used their savings for a real estate investment, the government introduced the Real Estate Regulations Act in 2016. Registering a real estate RERA transaction allows for transparency between the homebuyer and builder/developer along with defined rules and regulations to be followed against which the buyers can raise a complaint. That is why the RERA registration is an important step in the home buying process.
Here’s how you can stay updated on the status of your real estate RERA registration.
1. The first step is to find out the RERA portal of your state since each state will have its own website. For instance, if you’re looking to find out the RERA status of a Shapoorji Pallonji Real Estate project Vicinia in Mumbai or Parkwest in Bengaluru you can visit MahaRERA or the RERA Karnataka website respectively.
2. Within the website, you can look for a section that either list Approved Projects or Registered Projects and open that tab.
3. You will then either be able to view a list of approved applications and identify the relevant one or you will be required to fill in details like Project/Agent Registration Number and check the status through an advanced search.
4. Once you can view the project details, it is best to cross-check the same with the details shared by the agent, developer, or builder to ensure that you are not being left in the dark about any information.
5. If there are any inconsistencies, it is advisable to contact the developer immediately and you can also raise a complaint with RERA if the issue escalates.
Now that you know how to stay informed about the status of your real estate project’s RERA registration, the process is going to be that much more clear and reliable for you.
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