RERA Gujarat (GUJRERA) – Process, Fees & Charges

The Government of India issued the Real Estate (Regulation and Development) Act in 2016 to ensure greater transparency, accountability, financial discipline, and speedy resolution of issues for home buyers and promoters. The bill also states that each state in the country should have its own RERA (Real Estate Regulatory Authority) to monitor the progress of real estate deals and resolve disputes quickly. Following this, the Gujarat Government implemented the Act with the GUJRERA or Gujarat Real Estate Regulatory Authority. 

What is Gujarat RERA?

GUJRERA is the real estate regulatory body responsible for all real estate projects in Gujarat. Its primary objective is to protect the interests of homebuyers by promoting transparency, accountability, and fair practices in the real estate market. By allowing registration of real estate services and agents, advertising and marketing policy, and dispute resolution, GUJRERA seeks to provide a safe and reliable environment for real estate transactions in Gujarat.

As of August 2024, RERA Gujarat has 14270 registered projects, 7537 completed projects, 2161 registered agents, and 6264 resolved complaints.

To make their website more efficient and easy, GUJRARA launched the Gujarat RERA 2.0 portal on 14th March 2022 and suspended the pre-existing Gujarat RERA 1.0 portal. 

What are the functions of GUJARAT RERA?

• Protect the rights of homebuyers
• Promote fair practices in the real estate sector
• Ensure the timely completion of real estate projects
• Ensure the disclosure of accurate and complete information by developers
• Address disputes between homebuyers and developers

How to register a project under RERA Gujarat?

The registration process of a project under RERA in Gujarat is as follows:

1: Visit the official portal of RERA in Gujarat

2: On the home page, find the “Project Registration” icon

3: Click on it and go to the next page

4: Register with your e-mail ID

5: Once registered, select promoter type from options like individual or company/partnership firm/association, etc. 

6: Provide the necessary personal details of the promoter such as mobile number, PAN number, address, company registration number etc.

 7: On the next screen, enter project authority information such as authorized signatory, project administrator name, project description, previous project information, etc. 

 8: Add project details such as project start and end date, project name and description, project cost date, blank cost date, etc. 

 9: Enter development details such as information on carpet area, super-built area, type of inventory, inventories for sale etc.

 10: Fill in the internal development work details such as water supply, sewage, road system, electricity supply etc.

 11: Enter project agent’s details

 12: Input project bank details

 13: Enter project architect and structural engineer’s details

 14: Upload necessary documents

 15: Proceed to pay the requisite charges

 16: Receive the acknowledgment number for project registration and save it for future reference

Documents Required for Registration of a Project Under the RERA in Gujarat

The necessary documents to register a project under RERA in Gujarat are as follows:

• Registration certificate of the company
• Project specification
• Project photo
• Promoter photo
• CA certificate
• Architect certificate
• Engineer certificate
• Income tax return acknowledgment
• PAN card
• Last 3 years audited balance sheet
• Encumbrance certificate
• Allotment letter proforma
• Declaration form B
• Previous 3 years cash flow statement
• Last 3 years audited profit-loss statement
• Auditor report
• Proforma for sale deed
• Sale agreement proforma
• Project head photograph
• Income tax return details
• Commencement certificate
• Area development plan
• Current project brochure
• NOC from authorities
• Documents of land and location
• Approved plotting and building plan
• Last 3 years director’s report
• Payment receipt
• Certificate for title clearance
• Title report

What Is the Registration Process of RERA in Gujarat for a Project Agent

To register as an agent, one can follow the below-mentioned steps:

Step 1: Go to the official portal of RERA Gujarat

Step 2: On the home page, click on the “Agent Registration” tab

Step 3: Sign up with your email id

Step 4: Input required information and finish the process

Step 5: Get the acknowledgment number and save it for future reference

Documents Required for Registration of a Project Agent Under the RERA in Gujarat

As per guidelines for RERA in Gujarat, the documents one needs to upload to register as an agent are listed below:

• Enterprise’s information including the registered address, name, type etc.
• Copy of PAN card.
• Address proof of the business.
• Registration particulars include association articles, memorandums, by-laws, etc.
• Personal details of the agent and the directors of the company.

What Are the Registration Charges of RERA in Gujarat?

The chart of registration fees for RERA in Gujarat is as follows:

Registration Fee For Projects

For Type of Projects	Charges
Group Housing	Rs. 8 per sq. meter leads to a minimum of ₹ 10,000 to a maximum of ₹ 10 lakh
Commercial	₹ 20 per sq. meter leads to a minimum of ₹ 15,000 to a maximum of ₹ 15 lakh
Mixed Development (Residential and Commercial)	₹ 15 per sq. meter leads to a minimum of ₹ 12,000 to a maximum of Rs. 12 lakh
Plotted Development	₹ 10 per sq. metre leads to a minimum of ₹ 5,000 to a maximum of ₹ 5 lakh

Registration Fee For Project Agents

For Real Estate Agents	Charges
Individual	₹ 10,000
Other than individual	₹ 50,000

What are the key benefits of RERA Gujarat?

The Gujarat Real Estate Regulatory Authority (RERA) was established to promote transparency in Gujarat’s real estate sector. Therefore, anyone involved in the selling or promotion of real estate projects in the state should register with the GUJRERA. GUJRERA promotes standardization in real estate dealings and promotes transparency for buyers so they can feel less burdened and secure in their real estate investments that are more legitimate and separation from third parties.

Below are the main benefits of RERA Gujarat: 

• Transparency – RERA Gujarat promotes transparency within the real estate sector by requiring developers to provide information regarding their project, which will include the project’s approvals, timelines, and fund arrangements. All of this information promotes transparency and enables buyers to understand what will be expected of them and if unexpected costs occur, buyers have visibility and expectations of their investment.
• Easy access to information – GUJRERA gives buyers the ability to view project and developer information as well as their complaints all from one location which permits the buyer accessibility into the decision-making process within the project.
• Grievance procedure – GUJRERA establishes a process for buyers to submit complaints against the developer themselves. The authority will investigate the customers grievances and enforce appropriate measures to protect the buyers rights and ensure a resolution is met timely. 

Impact of RERA Gujarat

1. Increased Consumer Protection: By providing a mechanism to redress grievances and ensuring that developers adhere to various stipulated conditions, RERA Gujarat has substantially empowered homebuyers. Consumer protection mechanisms have reduced the incidence of fraudulent activity and delayed project handovers.

2. Stimulated Real Estate Sector: RERA Gujarat has enhanced the credibility of the real estate sector, indirectly stimulating the health of the market. Organized players are now incentivized to act, resulting in efficiency across the supply chain, delivering better quality projects in a reasonable timeframe.

3. Improved Project Execution: By creating regulations around RERA, developers are now utilising better project execution practices. RERA has paved the way for improved project planning, more effective execution, and lessened timeframes from project initiation to handover.

4. Enhanced Investor Confidence: By fostering a transparent and accountable real estate regulatory environment, RERA has improved investor confidence in the Gujarat marketplace, provoking a forecasted growth in the domestic and foreign investment sector of the Gujarati property market, thereby fuelling growth and economic expansion in the region.

Conclusion

The RERA legislature has distinctly altered the real estate sector landscape in Gujarat. The GUJRERA authority has empowered the homebuyers in the province, created consumer protection legislation, and sustained a trustworthy real-estate marketplace. Although there is recognition for the limitation of consumer protections, the GUJRERA authority has had a positive outcome towards increasing buyer and investor confidence for all stakeholders. In future, as the demand and supply for real estate products improves, GUJRERA will continue to play an essential role in empowering and protecting the reputation of the entire real estate sector in Gujarat.

As supportive agents, homebuyers are encouraged to understand how RERA legislation works, along with the need to conclude contractual obligations with a consumer basis, guaranteeing that any grievance handling is deemed fair. With better understanding, monitoring, and vigilance, the consumer will continue to improve their property buying experience whilst remaining informed of their remedies through RERA guidelines.