{"id":25136,"date":"2023-08-29T02:44:03","date_gmt":"2023-08-29T02:44:03","guid":{"rendered":"https:\/\/tata-blog.osian.dev\/blog\/?p=25136"},"modified":"2024-09-06T11:46:34","modified_gmt":"2024-09-06T06:16:34","slug":"a-quick-guide-to-the-rera-act-of-uttar-pradesh","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-home\/a-quick-guide-to-the-rera-act-of-uttar-pradesh\/","title":{"rendered":"A Quick Guide to the RERA Act of Uttar Pradesh"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Do you want to purchase a RERA-approved home in UP? Or, do you want to register your project? If yes, here is your complete guide to the RERA of Uttar Pradesh.<\/p>\n\n\n\n

The government established the UP Real Estate Regulation and Development Act in 2016. This act aims to prevent fraud by developers and real estate agents so that the homebuyers get their money’s worth.<\/p>\n\n\n\n

What is the UP Real Estate (Regulation and Development) Act?<\/strong><\/h2>\n\n\n\n

The UP RERA<\/a> came into effect on October 27, 2016. Here are the functions of the act:<\/p>\n\n\n\n

\u25cf        To ensure all developers within UP disclose their properties<\/p>\n\n\n\n

\u25cf        To hold real estate agents accountable for their projects<\/p>\n\n\n\n

\u25cf        To register every real estate project undergoing construction<\/p>\n\n\n\n

\u25cf        To offer quick grievance redressal services<\/p>\n\n\n\n

\u25cf        To establish an appellate tribunal to address appeals promptly<\/p>\n\n\n\n

Register for the RERA in 6 steps<\/strong><\/h2>\n\n\n\n
    \n
  1. Visit the official website.<\/a><\/li>\n\n\n\n
  2. Hover over the ‘Registrations’ button<\/li>\n\n\n\n
  3. Select ‘Projects’ from the drop-down menu<\/li>\n\n\n\n
  4. Select the type of user: Promoter, Project, or Agent.<\/li>\n\n\n\n
  5. Submit your details, email, and password. This will redirect you to the registration page. Fill out the form and attach your documents.<\/li>\n\n\n\n
  6. Pay the registration fee.<\/li>\n<\/ol>\n\n\n\n

    Additional Read:<\/strong> Check out What RERA Act is in Real Estate and How Beneficial it is<\/a><\/p>\n\n\n\n

    Documents required<\/strong><\/h2>\n\n\n\n

    A) For promoters<\/strong><\/h3>\n\n\n\n

    \u25cf        PAN Card<\/p>\n\n\n\n

    \u25cf        Balance sheet for the previous financial year<\/p>\n\n\n\n

    \u25cf        ITR for the last three financial years<\/p>\n\n\n\n

    \u25cf        The number of open parking areas in your project<\/p>\n\n\n\n

    \u25cf        Title deed indicating your title on the property<\/p>\n\n\n\n

    \u25cf        Encumbrance certificate<\/p>\n\n\n\n

    \u25cf        If you are the promoter but not the owner of the property, submit a copy of the collaboration agreement or joint agreement,<\/p>\n\n\n\n

    \u25cf        A written application as per Form A, sub-section (1) section 4<\/p>\n\n\n\n

    B) For agents<\/strong><\/h3>\n\n\n\n

    \u25cf        PAN Card<\/p>\n\n\n\n

    \u25cf        Details of your real estate agent enterprise<\/p>\n\n\n\n

    \u25cf        Registration particulars (including bye-laws)<\/p>\n\n\n\n

    \u25cf        Memorandum of association<\/p>\n\n\n\n

    \u25cf        Articles of association<\/p>\n\n\n\n

    \u25cf        ITR for the last three financial years<\/p>\n\n\n\n

    \u25cf        Address proof<\/p>\n\n\n\n

    Fees and charges<\/strong><\/h2>\n\n\n\n

    1. For real estate agents<\/strong><\/h3>\n\n\n\n
    Type of agent<\/strong><\/td>Registration fee<\/strong><\/td>Renewal fee<\/strong><\/td><\/tr>
    Individual<\/em><\/strong><\/td>Rs. 25,000<\/td>Rs. 5,000<\/td><\/tr>
    Other<\/em><\/strong><\/td>Rs. 2,50,000<\/td>Rs. 50,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    2. For promoters<\/strong><\/h3>\n\n\n\n
    Project<\/strong><\/td>Area<\/strong><\/td><\/tr>
    Up to 1,000 sq. m.<\/em><\/strong><\/td>Exceeding 1,000 sq. m.<\/em><\/strong><\/td><\/tr>
    Residential<\/em><\/strong><\/td>Rs. 10 per sq. m.<\/td>Rs. 500 per 100 sq. m.<\/td><\/tr>
    Commercial<\/em><\/strong><\/td>Rs. 20 per sq. m.<\/td>Rs. 1,000 per 100 sq. m.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    3. Other charges<\/strong><\/h3>\n\n\n\n
    Particulars<\/strong><\/td>Fees<\/strong><\/td><\/tr>
    Any kind of appeal (subsection (1) under Section 44)<\/em><\/strong><\/td>Rs. 1,000<\/td><\/tr>
    Complaint fee<\/em><\/strong><\/td>Rs. 1,000<\/td><\/tr>
    Withdrawal of application<\/em><\/strong><\/td>Rs. 50,000 or up to 10% of the registration fee, whichever is higher.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Additional Read: <\/strong>What is RERA?<\/a><\/p>\n\n\n\n

    Final thoughts<\/strong><\/h3>\n\n\n\n

    \u200bBy investing in a RERA-approved home,<\/a> you will get the assurance of quality, transparency and fairness. So, make sure you check if your chosen property is registered.<\/p>\n\n\n\n

    Buying a home of your own is a huge life achievement. At Tata Capital, we are here to help you buy your dream home conveniently with flexible and affordable home loan<\/a>.<\/p>\n\n\n\n

    We assure you of a quick disbursal and short turnaround time. To plan your repayment efficiently, you can use our handy home loan EMI calculator to estimate an affordable EMI in advance.<\/p>\n\n\n\n

    \n
    \n
    <\/div>\n\n\n\n
    \n
    \n
    Apply for Housing Loan<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n
    <\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

    Do you want to purchase a RERA-approved home in UP? Or, do you want to register your project? If yes, here is your complete guide to the RERA of Uttar Pradesh. <\/p>\n

    Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":25137,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-25136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-home"],"yoast_head":"\nA Quick Guide to the RERA Act of Uttar Pradesh -Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"A Quick Guide to the RERA Act of Uttar Pradesh - Know your rights and responsibilities as a buyer with the RERA Act in Uttar Pradesh.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Quick Guide to the RERA Act of Uttar Pradesh -Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"A Quick Guide to the RERA Act of Uttar Pradesh - 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