How to Check RERA Number ?
How to Check RERA Number: Step by Step Guide
If you are in the real estate business, especially in India, Checking the RERA number is crucial. Moreover, it verifies authenticity. The Real Estate Regulatory Authority (RERA) was established to safeguard buyers, promote transparency, and eliminate fraudulent activities in the real estate sector. In this blog, we explain the process to check RERA number and highlight its importance.
What is RERA?
The Real Estate Regulatory Authority (RERA) is a government body that regulates and promotes the real estate sector. It ensures transparency in real estate transactions and protects homebuyers’ interests. Every real estate project must be registered with RERA, and upon registration, a unique RERA number is assigned.
Steps to check RERA Number
Visit the official RERA website: Go to the official RERA website of the state where your project is located. Each Indian state has its own RERA portal. For instance, Maharashtra has the MahaRERA portal, while Karnataka has its own RERA website.
Find the search option: On the homepage, locate the option to search for projects using the RERA number. Typically, these options are under tabs like “RERA Registered Projects” or “RERA Approved Projects.”
Enter the RERA number: Input the RERA number provided by the developer. Ensure the details are correct, as errors might lead to inaccurate results or no results at all.
View project details: Once submitted, the website will display comprehensive project information, including its status, approval date, and developer details. This confirms the project’s authenticity and registration with RERA.
Why is RERA important?
Transparency: RERA mandates developers to provide project details, ensuring transparency while also protecting buyers.
Accountability: Developers are held responsible for timely project delivery. Delays can result in penalties.
Protection: Buyers are safeguarded against fraud and delays through stringent regulations and penalties for non-compliance.
Aspects to consider
RERA Registration: Before investing in any real estate project, verify its RERA Registration. This provides legal protection and minimizes the risk of fraud.
RERA Certificate: RERA provides a certificate for every registered project, which validates the project’s legitimacy.
RERA Broker License: Real estate brokers and agents must also register with RERA to operate legally. Always work with a licensed broker.
RERA Approved Projects: Invest only in projects approved by RERA, as they comply with regulatory requirements and ensure safety.
Conclusion
Checking a project’s RERA number is a straightforward yet essential step to safeguard your investment. Whether you’re dealing with residential apartments, commercial properties, or agencies, RERA ensures transparency, fairness, and legality. Always verify the RERA number before finalizing any real estate transaction.