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RERA Definitions

What is Promoter under RERA Act?

The definition of promoter includes private and government bodies that…

Does RERA also cover rental arrangements?

No. RERA does not cover rental arrangements across all states…

Should I pay for a super built-up area?

No. The builder cannot charge for the super built-up area.

What do I need to submit for each withdrawal from a RERA Escrow account?

Withdrawals from the RERA Escrow account must be certified by…

What is a RERA bank account?

RERA Bank Account is a separate bank account maintained by…

Is RERA a legal entity?

The Act establishes the Real Estate Regulatory Authority (RERA) for…

What is the payment rate if the promoter or allottee defaults?

The interest rate paid by the promoter or allotter is…

What is the meaning of RERA approved project?

The project approved by RERA is defined as the real…

What are the documents required for a real estate developer when registering a project with RERA?

The following documents are required when registering a project with…

Does the promoter need to audit his accounts?

The promoter must audit his accounts and obtain a certificate…

Is balcony included in carpet area?

No. The carpet area is the net usable area inside…

Is stamp duty paid on carpet area or built up area?

Under the terms of the RERA Act, 2016, Stamp duty…

Who should apply for registration as a real estate agent?

Any real estate agent who wants to sell or purchase…

If a real estate agent is not listed with promoter registration on the TSRERA website, can he still sell on this project?

No. If the promoter does not include the name of…

How does a promoter make an application for RERA registration?

A promoter should apply online by filling details in the…

If a real estate agent is not listed with the promoter's registration with RERA, does he sell the project?

No. If the promoter does not include the name of…

If a real estate agent is not listed with the promoter's registration with RERA, does he sell the project?

No. If the promoter does not include the name of…

If a real estate agent is not listed with the promoter's registration with RERA, does he sell the project?

No. If the promoter does not include the name of…

Is the registration of an agent is transferrable to another state?

No. The registration of a real estate agent with RERA…

Is the registration of an agent is transferrable to another agent?

No. The registration of a real estate agent with RERA…

What is the registration fee for a real estate agent?

If the applicant is an individual, the registration fee is…

Do real estate agents required to register with RERA?

Yes. Every real estate agent who sells or buys any…

Is the open parking area a part of the common area?

Yes. The outdoor parking area is a part of the…

What is the purpose of an Escrow Account in RERA?

In the real estate sector, 70% of the total funds…

What is an Escrow Account?

An Escrow Account is a third-party account where funds are…

Who is Adjudicating Officer under RERA Act?

The Adjudicating Officer is a quasi-judicial person who is required…

What is the significance of the estimated cost of the real estate project?

Based on the estimated cost of the real estate project,…

What is the estimated cost of the real estate project?

The estimated cost of a real estate project is the…

What is the difference between occupancy certificate (OC) and completion certificate (CC)?

The Occupancy Certificate is defined as the occupancy of an…

What is the penalty for contravention of the applicable provisions of the RERA Act?

The defaulter has to pay a penalty of Rs. 10,000…

What is the penalty for violating any order of RERA?

When a real estate developer or builder violates any order…

What is the penalty for providing incorrect information under RERA?

When a real estate developer or builder provides incorrect information…

What is the penalty for not registering a project under RERA?

If a real estate developer or builder fails to register…

What are the penalties under RERA?

RERA levies penalty fees for a variety of offences prescribed under…

What is the RERA Registration fee?

The structure of the RERA registration fee varies from state…

What is the validity of RERA registration?

The RERA registration is valid for 5-years from the date…

How to check the RERA registration number?

You can check the RERA registration number of a project…

What is the penalty for the non-registration of a project under the RERA?

If any builder fails to register a project under the…

What RERA says about Carpet Area?

As per the RERA Act, builders are legally responsible for…

What is the difference between the RERA carpet area and carpet area?

The carpet area is the net usable floor area of…

Does the carpet area include terraces and staircases?

No. The Carpet area, also known as the net usable…

Are bathroom covered in carpet area?

Yes. The Carpet area, also known as the net usable…

Are internal walls covered in carpet area?

No. The Carpet area, also known as the net usable…

What is covered in the carpet area?

The Carpet area, also known as the net usable area…

What is Saleable Area or Super Built-up Area in RERA?

Saleable Area, also called a Super Built-up Area includes Built-up…

What are RERA accounts?

According to the RERA Act, promoters must deposit 70% of customer advances…

What is RERA Carpet Area?

The RERA Carpet Area is the net usable floor area…

What kind of projects falls under RERA?

At present, the RERA Act applies to the following. …

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