The Uttar Pradesh RERA was implemented on May 1, 2016, when the state notified the rules of the RERA Act. The body acts as the regulatory body for the real sector and oversees complaints and projects approvals.
UPRERA has been actively helping buyers and sellers in streamlining real estate transactions. With a large inventory of affordable housing options and ready to move properties, the real estate scenario has been booming in the state, especially in areas like Noida, Ghaziabad, Greater Noida, Lucknow, etc. Uttar Pradesh RERA has been offering project filing, grievance, and other services through its online portal to meet the demands of homebuyers and make the buying process more transparent. It became operational on July 26, 2017.
Developers, brokers, and real estate agents operating in UP can easily register and seek approval under the UPRERA act. Registration will require a set of document proofs and pay a nominal registration fee, among other charges. Since the act became effective, thousands have been registered successfully through the portal, making it a huge success.
The online portal has been a massive advantage for potential property buyers. They can make a complaint online against dishonest developers and fraudulent activities. Further such complaints are resolved quickly through the body’s e-court system so aggrieved buyers can find a resolution soon. As a result, the RERA Uttar Pradesh act has bought a greater sense of peace to homebuyers.
Primary objectives of Uttar Pradesh RERA
Similarly to other states, the Uttar Pradesh Estate Regulatory Authority was established under the Real Estate (Regulation and Development) Act, 2016, to protect homebuyers in UP against unfair actions and promote transparency in the buying process. Encouraging standard practices, speedy grievance resolution, and project delivery are the other core objectives of the UPRERA act.
RERA Uttar Pradesh has proven to be a great boon to the state’s bustling real estate hotspots and micro-markets, including Noida, Lucknow, Greater Noida, Ghaziabad, and more, with such customer-centric benefits. UP is being hailed by many as the new real estate epicenter, with numerous major players making private investments.
Although the post-pandemic market situation has been relatively slow, it is anticipated that demand for premium and affordable housing will gradually increase. Considering that many of the state’s metropolitan areas are on th way to becoming commercial hubs Aside from that, it is now simple to invest in real estate in the state because UPRERA handles project registrations, complaints, and approvals.
So, if you are planning to purchase a property in the state, you can avail of complete details related to property, builders, and projects on Uttar Pradesh RERA’s website portal.
- Benefits related to registering with UPRERA
The implementation of RERA has introduced massive changes to the real estate sector of Uttar Pradesh. From making builder information easily accessible to filing complaints, the Uttar Pradesh Real Estate Regulatory Authority has streamlined transactions in the best way possible.
Contribution of Uttar Pradesh RERA in state real estate sector and its micro-markets.
- Easy access to realty information
Buyers can access detailed information about registered projects, builders, promoters, and real estate agents using the UPRERA online portal.
- Timely grievance redressal
In case of any malpractice or defects in completed projects, buyers can lodge a complaint against the seller and seek immediate resolution.
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Fair and standard pricing
As per the provisions in the UPRERA act, builders and developers can only charge prices on the basis of the carpet area derived using a standard formula. With this mandate, buyers benefit from a fair pricing system.
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Defined advance payments
The act regulates developers to charge more than 10% of the property’s total cost as advance payment before sealing the sales agreement.
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Compensation for project delays
Under this act, the builder is liable to pay a penalty to homeowners if they fail to meet deadlines to hand over the project.
How to check registered projects
If you have been looking for a residential property in Uttar Pradesh, you can simply go to the website portal of UPRERA. After logging on the website, you need to complete a form to access the required project information.
Here is a step-by-step process to check the project registration online on the UPRERA website:
- To begin, go to the UPRERA website portal.
- On the homepage, locate the “Projects” tab and click it. A form will appear on the screen.
- Now fill out the form as asked to search for your project. You can find every project registered on UPRERA’s website like this.
- Navigate to the “view details” option to load the complete information related to the project.
Required Documents for UPRERA registration
All builders and developers are required to register their projects under the UPRERA act. The registration process is simple, as it just needs to upload the required documents on the RERA Uttar Pradesh’s digital portal and fill out the necessary form.
Below is a list given for documents that need to register a project with Uttar Pradesh RERA:
- Sale deed
- Brief detail of the project
- Allotment letter issued by a competent authority
- ITR of the last three years
- Extract of Khatauni
- Audited Balance Sheet
- Registry Document
- Lease Deed
- For Competent Authority – CIN, PAN, TAN, and Photographs of Housing Commissioner, CEO, and VC.
- For Local Authority – TAN, PAN, and Photograph of M.C./E.O
- For Individuals – PAN, Photograph, and Aadhaar of the applicant
- For Company – Company registration certificate, brief detail of enterprise, CIN, PAN TAN, Photograph and Photographs of all Partners and Directors
- Company Registration Certificate, CIN/TAN, PAN, and Photographs of All Partners and Directors for Proprietorship Firms, Societies, and Partnership Firms
How to register a project with Uttar Pradesh RERA?
Under the UPRERA act, all developers and builders must register their commercial and residential projects to promote, advertise, book, and sell. To do so, you can simply apply online using the UPRERA digital portal.
If you have a project and want to register with Uttar Pradesh RERA online, follow the steps below:
- Log on to the online portal of the Uttar Pradesh Real Estate Regulatory Authority
- Navigate to the “Registration” tab, it will redirect to the registration page
- Locate and choose the “Project” tab and log in using your registered ID and password. You will now reach the registration page.
Real estate agents and builders are required to register themself with RERA Uttar Pradesh first to register the project.
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