What Is the RERA Act in Rajasthan?

The Real Estate Regulatory Authority or the RERA Act in Rajasthan was enacted in 2016 to regulate real estate transactions. The Act aims to protect homebuyers, promote transparency, and ensure accountability in real estate dealings.

Whether you’re looking to buy a home, or you're a builder or real estate developer, understanding the Act’s requirements and formalities is crucial. This article gives you an overview of the Rajasthan RERA Act, covering its features and benefits, fees, regulations, and eligibility criteria.

Rajasthan RERA Registration Process

Follow the steps below to complete your registration on Rajasthan RERA:

Step 1:

Go to the official website of RERA Rajasthan: https://rera.rajasthan.gov.in/

Step 2:

On the top navigation bar, click on ‘Registration’. From the drop-down menu, choose ‘Projects’ if you are registering a project, or select other relevant options (like ‘Agent’ or ‘Promoter’) based on your need.

Step 3:

You will be redirected to the Rajasthan Single Sign-On portal: https://sso.rajasthan.gov.in/signin. Log in using your credentials. If you don’t have an SSO ID, you will need to create one by registering on the SSO portal.

Step 4:

After logging in, you will be taken to the SSO dashboard. Select ‘Real Estate Regulatory Authority’ (RERA Rajasthan) from the available services.

Step 5:

Now, two options are displayed: ‘Tribunal’ and ‘RERA’. Click on ‘RERA’.

Step 6:

If you already have a RERA account, click ‘Yes’ and log in. Otherwise, click ‘No’ to create a new account. Follow the prompts to set up your account details.

Step 7:

Click on ‘Register Project’. Fill in the required details, including your username, email address, and mobile number. Once you have entered your information, click on ‘Register’ to proceed.

Is RERA Approval Mandatory?

Yes, the Rajasthan RERA Act mandates that all residential and commercial real estate projects in the state be registered with the RERA authority before they can be marketed, advertised, or sold. This requirement ensures transparency and protects homebuyers from potential fraud.

The Act also applies to real estate agents. According to the law, no real estate agent can facilitate or represent the sale or purchase of any real estate project without obtaining RERA registration. This ensures that only authorised agents are involved in real estate transactions, providing an added layer of accountability.

Features and Benefits of Rajasthan RERA

The primary purpose of RERA Rajasthan is to regulate and promote the state's real estate sector. Some of its features and benefits are:

Registration of Real Estate Projects

The Act mandates the registration of all commercial and residential real estate projects. Without registration, it doesn’t allow any promoter to advertise, market, book, sell or offer any project for sale. When a promoter does so without registration, they become liable to a penalty.

Real Estate Agents Registration

All real estate agents must register at RERA Rajasthan for real estate dealings. On failure to do so, they become liable to a penalty.

Complaint Redressal

Any aggrieved party, whether a buyer, promoter, or agent, can file a complaint with Rajasthan RERA or an Adjudicating Officer if they face issues related to real estate projects or violations of the Act's provisions.

Real Estate Appellate Tribunal

The State Government is required to establish Appellate Tribunals to hear appeals from the decisions, directions or orders of RERA and the Adjudicating Officer. Any person aggrieved by any decision, direction, or order by the authority or an Adjudicating Officer may file an appeal before the tribunal.

Transparency

The Rajasthan RERA Act ensures transparency in the real estate sector by making the details of all registered projects easily accessible online for citizens.

Eligibility Criteria for Registering With RERA Rajasthan

All residential and commercial real estate projects are eligible for registration with RERA Rajasthan, except for cases where:

• Projects where the total land area to be developed is less than 500 square meters, or the number of proposed apartments (across all phases) is less than nine.
• If the promoter has already received the Completion Certificate (CC) for the real estate project before the Real Estate (Regulation and Development) Act came into effect, registration is not required.
• Projects that involve renovation, repair, or redevelopment, provided there is no marketing, advertising, sale, or new allotment of apartments, buildings, or plots under the project, do not need to be registered.

RERA Rajasthan: Fees for Registration

The following are the registration fees for different types of projects with RERA Rajasthan:

Please refer to the official RERA Rajasthan website for the most up-to-date information on registration fees.

RERA Rajasthan Rules and Regulations

RERA Rajasthan lays down the following rules and regulations to oversee real estate transactions in the state:

• All commercial and real estate projects must be registered with the RERA authority except for the exempted cases.
• No promoter shall advertise, market, book, sell or offer a real estate project for sale before completing registration.
• Promoters are required to provide quarterly updates on the status of their projects to the RERA authority to ensure transparency and accountability.
• All real estate agents must be registered under the RERA Act to participate in real estate dealings.
• No real estate agent may facilitate the sale or purchase of any project before ensuring that the project is duly registered with the RERA authority.

Apply Now

Conclusion

The RERA Act in Rajasthan plays a vital role in protecting the interests of homebuyers, promoters, and real estate agents by regulating projects and related transactions. The transparency and financial discipline it promotes is particularly beneficial for anyone considering purchasing a home or property in the state.

If you're looking for financial support to achieve your dream of homeownership, SMFG Grihashakti can assist you. You can avail of a home loan of up to INR 1 crore* or up to 90%* of the property value. These loans come with flexible repayment tenures of up to 30 years* and competitive interest rate for eligible applicants.

Take the first step towards homeownership by applying online today or contact us for more information.