RERA Karnataka: Services, Registration Process, Fees & Charges

The Real Estate Regulatory Authority of Karnataka is also known by the acronyms RERA Karnataka, Real Estate Regulatory Authority Karnataka, and Karnataka Real Estate Regulatory Authority. You most likely did not comprehend the meaning or idea of the RERA Act. Don’t be concerned; we’ve got you covered. Our purpose is to elucidate the nature and operation of RERA. So, let’s look at the RERA Act and how it can affect your home-buying selections.

What is the RERA Act?

To comprehend the RERA Act in Karnataka, it is necessary to first comprehend the Act.  The RERA Act was enacted to reform the country’s real estate sector, which would encourage more openness, make it more citizen-focused, improve financial discipline, and increase accountability.

The legislation consisted of 92 parts and was implemented in 14 states, including Karnataka.  RERA Karnataka is the official portal for the Real Estate Regulatory Authority Karnataka, and it was created in 2016 under section 4.3 of the Real Estate Regulatory Authority Act, which encompasses both residential and commercial projects.

Services Provided by RERA Karnataka

• The carpet area, not the super-built area, should be used to sell the property.
• Builders must keep 70% of the money received from house purchasers in a separate account for building purposes exclusively.
• Websites need to be updated often with project data by developers.
• The blueprints must include the adjustments and revisions that are being made to the project and must be filed to RERA (Karnataka Real Estate Regulatory Authority).
• In the event of a delay, developers and purchasers must pay a 2% interest rate over SBI’s Marginal Cost of Leading rate.
• Please keep in mind that any breach of the RERA Act Karnataka will result in a one-year prison sentence for agents and buyers and a three-year prison sentence for developers.
• If there is any damage to the property within the first five years, a remedy must be found within 30 days.
• Before signing the registered sale contract, developers can request just 10% of the project cost as an advance payment.
• Buyers have one year after taking the property to write down any flaws.

 The Advantages of RERA for Homebuyers in Karnataka

• Homebuyers can monitor the development’s progress on the website.
• Buyers are not paid for the super built-up area, therefore this excludes lifts, staircases, and other amenities.
• Projects are less likely to be delayed since 70% of the cash will be utilized for construction expenses.
• For up to 5 years, the developer is liable for any flaws in the building.
• If a dispute emerges with the purchasers, it must be resolved within 120 days.
• In the event of a delay, developers and purchasers must pay a 2% interest rate over the SBI’s Marginal Cost of Leading rate.

Karnataka’s RERA Registration Procedure for Agents

Real estate brokers must pay Rs. 25,000 under this legislation, under the Karnataka RERA regulations; nevertheless, the total registration price for RERA registration in Karnataka is Rs. 2 lakhs. 

When registering, all real estate agents must Provide the following data

• Details about the agency, including its name, business nature, address, affiliations, and societies.
• The agency’s registration details encompass MOA, MUA, and other by-laws.
• The agent must include their name, contact information, and address if they are an individual and not a representative of an agency.
• Details about the agency’s partners are required if it is an agency.
• copy of Pan Cards bearing a signature.
• copy of the business’s address signed.

Check Karnataka’s Eligibility for RERA Registration Online

• First, navigate to https://rera.karnataka.gov.in/home, the RERA Karnataka homepage.
• Select the register option from the dropdown menu after logging into the portal.
• You will have five options on the portal: Post Registration, Apply for an Extension, File a Complaint, Register a Project, File a Change Request, and Receive Quarterly Updates.
• You must review the checklist and ensure that all of your paperwork is ready.
• Next, You have the choice of selecting the promoter kind on the next page: People, organizations, partnerships, development authorities, companies, and trust agents.
• You will be prompted to enter your email address by the gateway.
• Keep registering your project.

080-22249798, 22249799 is the number to call the RERA Karnataka if you would want to speak with someone. You can take these procedures to verify the status of your project if you have already registered and would like to know the RERA number or project progress:

• From the project list, choose “processed applications”.
• After that, you’ll see six possibilities. Choose “Applications Accepted.”
• Type the project’s name into the search bar. Download the file as soon as it appears to receive all the updates.

You can take the following actions to submit a complaint with RERA. Recall that filing a complaint with RERA Karnataka requires payment of an application fee of Rs. 1000. The cost is Rs. 5000 if you have to submit an appeal with the Appellate Tribunal. Additionally, you must complete form “N” and send a demand draft for Rs. 1000.

• You must do the following actions to submit a complaint online:
• Visit the official RERA Karnataka website to register an RERA complaint.
• Enter all of your information on the RERA Karnataka website.
• Provide the respondent’s information.
• Indicate if you would like to attach files supporting your grievance.
• Make sure you post the challan after paying Rs. 1000.
• File a complaint using the official RERA website.

Also Read: Bhoomi Karnataka: Your One-Stop Solution for Land Records

Required Documents to Register in RERA Karnataka

• 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 Acknowledgment
• 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)
• Acceptance/Noc according to KLR Act of 1961 Section 109
• Approval/NOC under Section 14 of the 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
• A certificate from a registered engineer attesting to the building’s structural safety
• NOC if construction plans border adjacent properties
• Advocate Search Report
• Utilisation Certificate
• Transfer of Development Rights Certificate
• Relinquishing Deed
• Project Photo

Checklist Documents for Individual Real-estate Agents

• Name of the agent (as per PAN records)
• Agent Contact details (mobile phone or telephone number)
• Email ID of the agent
• Self-attested identification documents, such as a driver’s license, passport, voter ID card, Aadhaar card, and/or bank passbook with a photo
• PAN card (self-attested copy)
• Passport-sized photograph of the agent
• Agent notarized affidavit on Rs.100 stamp paper

RERA Karnataka: Registration Charges for Project

Group Housing Project

Particulars	Applicable Fees
The planned development’s land area is limited to 1,000 square meters.	Rs.5/square meter
Projects where the total area of land to be developed exceeds 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 wherein more than 1,000 square meters of potential land are to be developed	Rs.15/square meter (maximum

Commercial Projects

Particulars	Applicable Fees
The planned development’s land area is limited to 1,000 square meters.	Rs.20/square meter
Projects in which the area of proposed land for development is more than 1,000 square meters	Rs.25/square meter (maximum of Rs.10 lakh)

RERA Karnataka: Office and Contact Details

• Address: Sampangi Rama Nagara, 3rd Cross Road, Silver Jubilee Block, Bengaluru, Karnataka 560002.
• Phone No. 080-22249798

Frequently Asked Questions (FAQs)