RERA Karnataka – Check Registration Process, Fees & Charges

The Government of Karnataka implemented the RERA Act 2016 with RERA Karnataka in July, 2017 under section 4(3) of the RERA Act. 

The Government of India issued the Real Estate (Regulation and Development) RERA 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 India should have its own RERA (Real Estate Regulatory Authority) to monitor the progress of real estate deals and resolve disputes quickly. 

About RERA Karnataka: Key functions and Services Provided

The Karnataka Real Estate Regulatory Authority or the Karnataka RERA is the real estate regulatory body that is responsible for overseeing the real estate sector in the state of Karnataka. Similar to the MahaRERA, its main objective is to promote fair practices in the real estate sector and to promote the interests of homebuyers by transparency and accountability in the market.

 As of September 2024, Karnataka RERA has 5417 registered agents and 8357 registered projects. 

K-RERA also recently appointed Retired IAS Officer Rakesh Singh as the new K-RERA Chief. 

Key functions of RERA Karnataka are:

1. Project Registration
2. Consumer Protection
3. Consumer complaint redressal
4. Transparency and Accountability
5. Standardization
6. Market Regularization
7. Ensuring timely delivery of projects
8. Registration of agents, developers and promoters
9. Ensuring disclosures by real estate promoters

Some of the services that RERA Karnataka provides are:

1. Project Registration: For developers to register their projects before launch.
2. Complaint Redressal: For homebuyers to file complaints against developers.
3. Conciliation: Facilitates amicable resolution of disputes.
4. Consumer Awareness: Educating homebuyers on their rights.
5. Compliance Monitoring: Ensures developers adhere to RERA regulations.
6. Agent Registration: Requires real estate agents to register.
7. Rule Formulation: Develops and implements RERA rules.
8. Data Management: Maintains a comprehensive database of projects, developers, and agents.

How does Karnataka RERA benefit Homebuyers?

1. Transparency and Accountability- RERA Karnataka requires developers to disclose all relevant information about the project, including carpet area, amenities, and completion schedule. This helps buyers make informed decisions about buying a property. 
2. Timely Delivery- Developers are accountable to K-RERA for completing projects on time and as per approved plans. This helps protect home buyers from delays and changes in plans. Projects will have a much lesser chance of being delayed since 70% of the payment will be used for construction fees and in case there are any delays, the developers and buyers must pay an interest rate of 2% over the SBI’s Marginal Cost of leading rate.
3. Progress Tracking- Customers can track the progress of the construction of their homes easily on the website. 
4. Customer Complaint Redressal- RERA Karnataka provides a quick and efficient mechanism for resolving disputes between home buyers and developers. Any conflicts that arise between buyers and developers need to be resolved within 120 days of the complaint. 

Registration process under RERA Karnataka

1. Visit the official Karnataka RERA website: https://rera.karnataka.gov.in/
2. Click on Registration tab
3. You will be offered five options: Project Registration/Complaint Registration/Apply for Extension/Change Request/Post Registration and Quarterly Update.
4. Make sure you go through the checklist and user manual that includes the documents required, functions and duties, and other such information.
5. Choose from the promoter type: Individual or Societies or Company or Partnership Firm or Development Authority or Trust Agents. 
6. Enter your email id.
7. Follow the given instructions to register yourself

Documents required for Agents:

The real estate agent must pay Rs.25,000 as registration fees if he is an individual. In every other case, the registration fee is Rs.2 lakh.

• Name of the agent (as per PAN records)
• Contact details of the agent (mobile phone or telephone number)
• Email ID of the agent
• Self-attested ID proofs such as passport, voter ID card, Aadhaar card, driving licence, and/or bank passbook with photograph
• PAN card (self-attested copy)
• Passport sized photograph of the agent
• Agent notarised affidavit on Rs.100 stamp paper

Documents required for Promoters:

• Balance Sheet (for 3 years)
• Audited Profit and Loss Statement (for 3 years)
• Directors’ Report (for 3 years)
• Cash Flow Statement (for 3 years)
• Auditor Report
• Income Tax Return Acknowledgement
• PAN Card
• Encumbrance Certificate
• Commencement Certificate
• Approved Building/Plotting Plan
• Approved Layout Plan
• Proforma of Agreement for Sale
• Sale Deed and RTC
• Approved Section of Building/Infrastructure Plan of Plotting
• Area Development Plan of Project Area
• Proforma of Allotment Letter
• Brochure of Current Project
• Proforma of Sale Deed
• Project Specification
• Collaboration Agreement/Development Agreement/Joint Development Agreement/Other Agreement
• Declaration (Form B)
• Khatha
• Other Documents (Title/Rights/Interest/Name)
• Approval/NOC under Section 109 of KLR Act 1961
• Approval/NOC under Section 14 of KTCP Act
• Fire Force Department NOC
• Airport Authority of India NOC
• BESCOM NOC
• BWSSB NOC
• KSPCB NOC
• SEIAA NOC
• BSNL NOC
• Lift Authorities
• Existing Layout Plan
• Existing Section Plan and Specification
• Change of Land Use
• BMRCL NOC
• Urban Land Ceiling NOC
• Sectional Drawing of the Apartments
• Bangalore Urban Arts Commission
• Inspector of Factories Controller of Explosive Railways
• District Magistrate
• Coastal Regulation Zone Authority
• Certificate from Registered Engineer indicating Structural Safety of the building
• NOC in case of building proposals abutting to neighbouring properties
• Advocate Search Report
• Utilisation Certificate
• Transfer of Development Rights Certificate
• Relinquishing Deed
• Project Photo

Documents required for Company, Society, Partnership Firm, Trust, Development Authority, or Proprietorship Firm Registration

• Name of the applicant
• Full address of the firm
• Contact details (telephone number or mobile phone number of the firm)
• Valid email ID of the agent
• Self-attested ID proofs such as bank passbook with photograph or name of the company, registration certificate of the company, shops and establishment certificate, and/or GST certificate
• PAN card (self-attested copy and with company seal)
• Details of one of the directors or partners of the firm (including name, contact number, email ID, and photograph)

Registration Charges:

Group Housing Project

Particulars	Applicable Fees
The area of proposed land for development is not more than 1,000 square meters	Rs.5/square meter
Projects in which area of proposed land for development is more than 1,000 square meters	Rs.10/square meter (maximum of Rs.5 lakh)

Mixed Development (commercial and residential) Project

Particulars	Applicable Fees
The area of proposed land for development is not more than 1,000 square meters	Rs.10/square meter
Projects in which area of proposed land for development is more than 1,000 square meters	Rs.15/square meter (maximum

Commercial Projects

Particulars	Applicable Fees
The area of proposed land for development is not more than 1,000 square meters	Rs.20/square meter
Projects in which area of proposed land for development is more than 1,000 square meters	Rs.25/square meter (maximum of Rs.10 lakh)

How to register a complaint on the RERA Karnataka Website?

1. Visit the Karnataka RERA website
2. Click on Registration
3. Select the complaint registration option
4. Enter your login details
5. Enter the complaint details and add all necessary details and supportive documents.
6. Pay the required amount of Rs. 1000 to register your complaint and get your acknowledgement slip which will have the complaint number. 

Contact Details for RERA Karnataka:

Address: Real Estate Regulatory Authority Karnataka, 2nd floor, Silver Jubli Block, Unity Building, CSI Compound, 3rd Cross, Mission Road, Bengaluru, Karnataka 560027

Telephone: (080) – 22249798, 22249799, 41624455, 41692244
Email ID:  contact.krera@ka.gov.in

Conclusion

The RERA Act of 2016 is one of the landmark acts in the real estate industry and has been helping customers and developers. The Karnataka RERA has significantly improved transparency, accountability, and consumer protection in the real estate sector within the state and has brought about a positive change in the real estate market in Karnataka. To know more about the real estate market in India, you can check out REITs in India.