Karnataka RERA is one of the most active Indian States in putting the Real Estate (Regulation and Development) Act, 2016’s regulations into effect.
You can check the RERA registered projects in Bangalore and RERA-registered agents in Bangalore by following a few simple steps.
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Importance Of RERA Registered Projects In Bangalore
RERA registered projects in Bangalore advises the homebuyers to check the registration number of the project and the agent before making a buying decision.
- Honesty & Transparency: RERA standards require builders to give homebuyers all relevant information. The specifics of their projects must be revised frequently. This will help avoid dishonest marketing, and project delays are minimised. If there is a delay, the builder will be responsible for paying interest to the bank during that time.
- Justified Payment: The builders of RERA-certified projects will only utilise the carpet area or built-up area to calculate the property’s cost. They are not allowed to charge for any specially built areas, such as lobbies, elevators, or staircases, according to the regulations. Additionally, developers are not permitted to accept a 10% or greater advance payment from customers.
- Responsibility & Commitment: Any flaws must be fixed by the developers within five years of their discovery. The buyer is entitled to compensation if there is a mismatch with the title document when taking possession. The developers must also resolve problems within 120 days of submitting.
Note:
Homebazaar serves homebuyers searching for flats in Bangalore with end-to-end services like site visits, and lower-interest home loans to property registration guidance. We provide the best price options & offers for 1 to 4 BHK RERA-registered flats, villas & penthouse properties in Bangalore. To begin a smooth homebuying journey with us, fill out the form mentioned below or on the right side.
How To Check RERA Registered Projects In Bangalore
You must take the steps outlined below if you’re looking for RERA-registered projects in Bangalore using the RERA website:
Step 1: Visit the RERA portal for Karnataka
Step 2: Click on ‘PROJECT STATUS’ from the SERVICES tab
Step 3: Here you can view multiple tabs like
- Applications applied for registration
- Applications approved
- Applications rejected
- Applications withdrawn
- Applications under process
- Applications under query
- Applications third-party transfer
- Applications applied for completion
Step 4: Enter the project name to get the details of a certain project. There will be other project specifics, including the area, project type, current status, anticipated completion date, and RERA registration number. You can also download the RERA certifications are also available for download.
Details Available On RERA
- Organization Details
- Past Experience Details
- Project Details
- FSI Details
- Bank Details
- Project Details
- Development Work
- Building Details
- Project Professional Information
- Litigation Details
- Uploaded Documents
How To Check RERA Registered Real Estate Agents In Bangalore
Homebuyers can examine the information of all RERA registered agents on the Internet, similar to real estate projects. Follow these easy steps to check.
Step 1: Visit the RERA portal for Karnataka
Step 2: Click on ‘AGENT STATUS’ from the SERVICES tab
Step 3: Here you can view multiple tabs like
- Applied for registration
- Applications approved
- Applications under process
- Applications rejected
- Applications withdrawn
Step 4: Click on the ‘APPLICATIONS APPROVED’ tab to check about the registered agents and brokers under Karnataka RERA.
Step 5: Enter the agent’s name in the box below and click “Search.” The agent’s information, including the name of the business, registration number, and operating district, is shown on the screen.
Step 6: In addition to registered projects and agents, you can also view the current status of every application that has been submitted and is still being reviewed. The Karnataka RERA website gives you the option to report dishonest developers and agents if you are aware of a project that has not been registered with the regulatory authorities yet is subject to RERA.
RERA Karnataka Fees And Charges
| Project Type | Details | Fee |
| Plotted Development | Residential plots | Rs 5 per sq m (Upper limit Rs 5 lakh) |
| Group Housing Projects | If the area of the real estate project is less than or equivalent to 1000 sq m | Rs 5 per sq m |
| If the area of the real estate project is more than 1000 sq m | Rs 10 per sq m | |
| Mixed Development Project | If the area of the real estate project is less than or equivalent to 1000 sq m | Rs 10 per sq m |
| If the area of the real estate project is more than 1000 sq m | Rs 15 per sq m | |
| Commercial Real Estate Projects | If the area of the real estate project is less than or equivalent to 1000 sq m | Rs 20 per sq m |
| If the area of the real estate project is more than 1000 sq m | Rs 25 per sq m | |
| Late Fees Charged by RERA Karnataka | In case of residential project registration (up to 1000 sq m) | Rs 5 lakh |
| For all Residential, commercial, and mixed project registration of more than 1000 sq m | Rs 7 lakh |
Also, Check: How To Check RERA Registered Projects In Noida
How To Check RERA Registered Projects In Pune
FAQs
| Q1: What are the advantages of RERA registered projects in Bangalore?
Ans: RERA registered projects in Bangalore has access to important information, more transparency, and responsible & dependable developers are all advantages of RERA for homebuyers. |
| Q2: Is RERA mandatory in BANGALORE?
Ans: Every real estate project, whether residential or commercial, in Karnataka, must be registered with RERA. Additionally, customers should try to exclusively buy RERA-registered properties. |
| Q3: What if a project is not registered under RERA Act?
Ans: If any project is not registered, then a 50% fine will be charged, a term in jail, or both will be imposed on the developer if any RERA regulations are violated. |
| Q4: When did Karnataka put the RERA Act into effect?
Ans: In May 2017, the RERA Karnataka Act went into effect. |
