Telangana RERA: Real Estate Development Authority

Telangana RERA: Real Estate Development Authority, Buying a property was never an easy task and will never be. It is a herculean decision that needs the efforts from both the buyer and developer. As in last few years, we can encounter various disputes arising from the developer’s end it has become tough to buy a property. Builders tend to leave their buyers dissatisfied and disappointed as when they fail to fulfill their commitments.

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But now, as the government has introduced RERA in across the country. This has made buyers secured and free to invest without tension. The transparency is being developed between the buyers and the developers as when they buy a project. The RERA Act has been a shield for the buyers to protect their investments and get the keys on time. The agent, promoter and the builder needs to login for RERA online giving their relevant details and then proceed further with their development.

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For Example: The RERA registration takes place as per state. If there is a need to register for Hyderabad project, then he will have to search RERA Hyderabad and then the page will be redirected to Telangana RERA. Then the registration will be done as City Hyderabad is a part of state Telangana. So, the RERA act is pursued as per the state rules and regulations.

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Telangana RERA (Real Estate Regulatory Authority) has been a blessing and is benefiting the promoters, agents, builders and buyers. It is making the real estate market strong and protected. The overall process of buying and selling, the bond of the builder or developer and the buyer or the investor is gradually growing stronger with this act.

Telangana was introduced with RERA act in 2017 and the online portal was established by the government to make the life of people easier and convenient. RERA act, Telangana has majorly aimed not only to uplift the real estate business in the state but also keeps a track of all the developmental activities going on in the state.

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RERA Registration Fees In Telangana

The government has laid various fees that have to be adhered by all. this fees is to have RERA registration in Telangana.

In the case of normal projects:

Up to 1000sq.m it is Rs.5/sq.m

More than 1000sq.m it is Rs.10/sq.m (max to 5 lacs)

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For Mixed Development (Residential or Commercial):

Up to 1000sq.m it is Rs.10/sq.m

More than 1000sq.m it is Rs.15/sq.m (max to 7 lacs)

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For Commercial projects:

Up to 1000sq.m then it is Rs.20/sq.m

More than 1000sq.m then it is Rs.25/sq.m (max to 10 lacs)

For any plot:

It is Rs.5/sq.m (max to 2 lacs)

If spoken about, Telangana RERA agent registration fees, then for Individuals it is Rs.10,000 and for others who are single entities, it is Rs.50,000.

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What is the main role of RERA Telangana?

The Indian Government formulated the RERA act in 2016 in India but in the state of Telangana it came into 2017. So as to completely transform the real estate industry in the state and that is what made Telangana government to implement the same. The sales got a boost as the buyers tend to feel safe and they are further taking initiatives to invest in new properties not only in the state but in other parts of the country as well.

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Some basic aims of the RERA Act Telangana are:

• To keep a track of all the new real estate developmental taking place in the state.

• To promote and uplift the real estate sector in the state and in the country also.

• To create transparency and genuineness in the process of buying and selling a property.

• To address the property-related disputes urgently.

• To maintain a data on the systematic updated website- Telangana Real Estate Regulatory Authority.

Read : Chhattisgarh RERA: Registration Act and Rules

RERA Registration Process in Telangana

In Telangana, the RERA registration process is completely online and is easy also. The steps that need to be followed are:

• Online open the official website of RERA Telangana.

• The website has been entitled to have various options in the menu bar.

• Select the option “Services” from the menu bar.

• Two options will come as drop down menu as , “Real Estate project registration” and “Real estate agent registration”.

• Out of the 2 options, select the one that is relevant to you.

• In the case of both options, there will be slight changes with other things remaining the same.

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• As you select any of the 2 options, you would be redirected to another relevant page.

• If you already have been given with the login ID and password, then you can easily log in.

• If not, then you can simply click on the option at the bottom “New Registration”.

• As you click on the above-mentioned option, again you would get redirected to another page.

• On the new page, you have to enter all the required and necessary details.

• Then, click on “create user” option.

• A verification link would be sent to the registered email ID and after clicking on the activation link and validating the email, the process gets completed.

• Both the project and agent registration get completed at a time.

How can we find and search for registered projects and agents in Telangana?

With this online portal the search for various agents and also the registered projects has become quite easy and less time taking.

Steps to find or search for registered projects or the agent:

• Click and visit the page to get your query cleared.

• It would depend on you to which category you would like to search- 1st- the registered projects or agents and accordingly choose the option.

• Then enter the required details like “Project name, promoter name, registration number and few more details.

• Then search and you are done with the results. You would get what you were looking for.

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