HRERA (RERA Haryana) - All You Need To Know About RERA Haryana
Jul 17, 2023
,The Haryana Real Estate Regulatory Authority (Haryana RERA) was established under the Real Estate (Regulation and Development) Act, 2016. The act serves to regulate the real estate sector in Haryana by providing a regulated framework for developers, promoters, and buyers in the real estate market. In this article, we delve into everything you need to know about Haryana RERA. Read this article to know a few things before you invest in real estate in Haryana.
RERA Haryana For Home Buyers (Latest Updates)
For home buyers, the establishment of RERA Haryana signifies a significant shift towards consumer empowerment. It provides protection to home buyers while holding the builders accountable at the same time. One of the primary benefits of HRERA for home buyers is the assurance that developers will deliver projects on time. Under HRERA, developers must deposit seventy percent of the funds collected from buyers in a separate bank account for construction purposes.
The completion of the project in time is ensured and the usage of funds is monitored to prevent any misuse. HRERA makes it compulsory for developers to disclose project details such as layout plans, timeline, cost, and the sale agreement that buyers will have to sign. This makes the process transparent, helping buyers make informed decisions.
Primary Goals Of Haryana RERA
The RERA Act Haryana primarily focuses on three aspects: Ensuring transparency, establishing accountability, and maintaining efficiency within the real estate sector. The long term goal is to safeguard the rights of homebuyers, boost the credibility of developers while creating a favourable environment for the real estate industry. Its objectives include:
- To set rules for the real estate market so that it can grow and develop in a healthy way.
- To make sure that the real estate projects are finished in the time allotted.
- To ensure deals between developers of real estate projects and people who want to buy homes are transparent.
- Compliance of the law and orders of the authority.
- To quickly settle disagreements about the projects.
Must Read: RERA Delhi - Check Steps for RERA Registration Delhi
Benefits Of Registering with Haryana RERA
Developers and property buyers can both benefit from registering with the Haryana RERA.
- For developers, it offers a controlled environment that ensures ethical business conduct and defends their rights.
- It protects the rights of homebuyers and guarantees that they get the property on time and on terms agreed.
- Additionally, it provides a structured platform—the Haryana RERA website where purchasers can research projects and, if necessary, file a RERA Haryana complaint.
How To Check RERA Haryana Registered Projects?
You can visit the official Haryana RERA website to check for RERA Haryana registered projects. The website has a list available of registered projects. You simply need to enter the project name or registration number in the search bar. By doing so, you can ensure that you are investing in a registered and authentic real estate project.
Documents Required For Registration
The RERA registration Haryana process requires a number of documents. These include details about the developer, including the PAN card, details of the project, including the location and layout, and a declaration, supported by an affidavit, stating that the developer has the legal title to the project. A complete list of required documents can be found on the Haryana RERA website.
How To Register Projects On Haryana RERA?
The Haryana RERA registration process is simple.
- Fill an online application on the Haryana RERA website.
- Upload the necessary documents.
- Pay the registration fee.
- Verification is done on your profile and documents.
- The authority, after due verification, approves the application and provides a registration number.
Haryana RERA Fees & Charges
| Type of Registration |
Category |
| Promoter for industrial/residential land |
INR 5 to INR 10 per sq. m. |
| Promoter for commercial land |
INR 10 to INR 20 per sq. m. |
| Individual real estate agent |
INR 25,000 |
| Group real estate agent |
INR 2,50,000 |
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Conclusion
HRERA (RERA Haryana) plays a significant role in the regulation of the real estate market in Haryana by maintaining transparency while keeping the interests of both purchasers and developers at its core. Whether you are a builder who wants to register a project or a home buyer who wants to invest in a new property, knowing the HRERA rules can help you make better choices.
SMFG Grihashakti is here to help you every step of the way in making the right real estate choices, providing you with all the necessary resources and assistance. To take up a home loan today, you just need to log onto their website and apply online. For amounts up to INR 1 crore at very affordable interest rates, you can check if you fall into their eligibility criteria through their online calculator. Apply today!
Disclaimer: *Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you wish to know more about our products and services, please contact us.