RERA Advisory Services
Why RERA Compliance Matters
Navigating the complexities of RERA (Real Estate (Regulation and Development) Act, 2016) registration and compliance can be a daunting task for real estate developers, builders, and property professionals. At JRG Advisory Services, we specialize in providing expert RERA registration services and compliance advisory that help you stay ahead of regulatory changes, mitigate risks, and build a trustworthy, legally compliant real estate business.
The RERA Act was introduced to bring transparency, accountability, and better governance to the real estate sector. Compliance with RERA not only ensures that your projects meet legal requirements but also enhances your credibility in the marketplace. As a developer or builder, non-compliance with RERA can lead to penalties, project delays, or even the cancellation of project registrations, affecting your reputation and bottom line.
Our RERA registration and compliance advisory services are designed to help you navigate these challenges with ease. Whether you’re launching a new project or managing ongoing developments, our team provides tailored solutions to meet all RERA compliance requirements.
01.
RERA Registration Services
- Preparation of data for RERA registration
- Preparation of necessary supporting documents for submission along with application
- Filling up of Application for RERA Registration
- Appearing in RERA authority for approval of project.
02.
Extension of RERA Registration of the Projects
- Guiding clients over strategy for extension of RERA registration of the projects.
- Preparation of relevant documents for extension of validity of RERA registration u/s 6 or u/s 7(3) of the RERA Act, 2016
- Filling up of Application for RERA Registration.
- Appearing in RERA authority for approval of Extension Application.
03.
Regulatory Filings Support Services
- Quarterly Progress Report Filing u/s 11(1) of the RERA Act, 2016
- Annual Return Filing in compliance to Section 4(2)(l)(D) of the RERA Act, 2016
- Drafting of necessary certificates to be filed along with such returns
- Drafting replies to notices and memos issued by RERA Authority on behalf of the client.
04.
Other RERA Support Services
- Guiding developers to ensure compliance with provisions of RERA Act, 2016 & latest developments.
- Assisting in obtaining RERA approval for Change in project bank accounts in compliance with RERA provisions.
- Drafting allottee related documents like Allotment Letter, Builder Buyer Agreement, Conveyance Deed, etc.in compliance with RERA provisions.
- RERA registration of the Real Estate Agents with RERA Authority.
Why Choose JRG Advisory Services for Your RERA Compliance Needs?
- Expertise in RERA Regulations: Our team of seasoned experts has in-depth knowledge of RERA Act 2016 and state-specific regulations, allowing us to provide precise and accurate compliance advice tailored to your projects.
- End-to-End Support: From project registration to ongoing compliance monitoring, we offer end-to-end support for all your RERA-related needs, allowing you to focus on your core business operations.
- Proactive Approach: We don’t just react to issues as they arise. We take a proactive approach to compliance management, ensuring that potential legal and financial risks are addressed before they become problems.
- Tailored Solutions: We understand that each project is unique, and so are your compliance needs. Our solutions are fully customizable to match the specific requirements of your real estate project, whether residential, commercial, or mixed-use.
Boost Your Reputation: RERA compliance enhances your brand’s credibility and instils confidence among buyers and investors. Our services help you stand out in a competitive real estate market by demonstrating your commitment to transparency and legal integrity.
RERA Advisory Services FAQs
JRG Advisory Services provides end-to-end RERA compliance under the Real Estate (Regulation and Development) Act, 2016, for developers, agents, and projects in and across different states of India
Applicability and Eligibility
Who is required to obtain RERA project registration?
Promoters of residential or commercial projects exceeding 500 sqm or eight units must register before advertising, booking, or selling; exemptions apply to smaller plots or completed projects.
Is RERA registration mandatory for real estate agents?
Yes, agents involved in selling, marketing, or booking RERA-registered projects require registration to ensure transparency and accountability.
What projects are exempt from RERA registration?
Projects under 500 sqm or eight units (excluding common areas), completed projects, or those sold before RERA notification are exempt.
Registration Processes
What comprises JRG's RERA project registration service?
Data preparation, supporting document compilation, application filing, and official review for
approval with RERA Authority generally forms part of JRG’s RERA Registration Service
offerings.
What documents are required for RERA project registration?
Encumbrance certificate, approved building plans, land title documents, engineer/architect
certificates, financial plans, project proponents and registration & processing fees, as
applicable.
What documents are needed for RERA agent registration (individuals)?
Generally documents such as PAN, Aadhaar, passport photos, address proofs
(residence/business), ITRs (last 3 years), affidavits, character certificates, and no-pending-
cases declaration, etc. are needed for RERA Agent Registration.
What documents are required for RERA agent registration (firms/companies)?
Generally documents such as PAN, incorporation certificate, MOA/AOA/partnership deed,
director/partner IDs/photos, board resolution, ITRs, office proofs, and registration fees, etc. .
are needed for RERA Agent Registration.
What are Haryana specific agent registration fees?
In Haryana, Individual Agent Registration fee is ₹50,000 while ₹2,50,000 is the registration
fee for Partnership Firm or LLP or a Company etc.
Validity and Extensions
What is the validity of RERA project registration?
Aligned with the proposed project completion date specified in the application; no fixed term but tied to timelines.
What is the validity of RERA agent registration?
Five years from issuance, renewable 60 days prior with updated documents and fees.
Under which sections can project registration be extended?
Sections 6 (force majeure/delays) or 7(3) (general extensions), requiring application, justification, updated plans, and fees within expiry timelines.
How does JRG support registration extensions?
Strategic advisory, document drafting under Sections 6/7(3), application submission, and official representation and approval of the extension.
Regulatory Filings and Reporting
What quarterly progress reports are required?
Under Section 11(1), developers submit construction progress, sales, NOCs, timelines, and certifications every quarter.
What annual returns must developers file?
Audited financial statements, certificates, and compliance details under Section 4(2)(l)(D).
How does JRG handle these filings?
Preparation, drafting of certificates, and submission of Quarterly Progress Reports (Section 11(1)) and Annual Returns (Section 4(2)(l)(D)).
Bank Accounts and Financial Compliances
What are RERA project bank account rules?
70% of allottee funds in a separate scheduled bank account for construction/land costs only; audited CA certificates for withdrawals above thresholds.
Can project bank accounts be changed, and how?
Yes, with prior RERA approval via application showing justification and new account details.
Does JRG assist with bank account approvals?
Yes, full support for RERA-compliant changes in project bank accounts.
Allottee Documents and Agreements
What allottee documents must comply with RERA?
Allotment Letters, Builder-Buyer Agreements (standardized format under state rules), Conveyance Deeds, and possession letters.
Does JRG draft RERA-compliant agreements?
Yes, Allotment Letters, Builder-Buyer Agreements, Conveyance Deeds, and related instruments.
Ongoing Compliance and Penalties
What are consequences of non-compliance with RERA?
Fines up to 10% of project cost, imprisonment up to 3 years, or registration cancellation for delays, misreporting, or violations.
How does JRG ensure ongoing RERA compliance?
Advisory on latest amendments, provision adherence, updates for Haryana/Delhi NCR developers, and proactive strategies.