What is RERA Punjab and Why Should You Care?
The RERA Act was applicable in the whole of India from 2016. Punjab was quick to adopt it, and in August 2017, RERA Punjab was established. It is recognized as authority and at its an official portal which is rera.punjab.gov.in, through which you can obtain all the services and information.
Consider RERA Punjab to be the umpire in the real estate game. Before this law, all the power was with builders. They could postpone projects for years, alter plans without informing people or even vanish with the buyers' money. Nearly all buyers of homes had no recourse.
Now they are on the receiving end. Every builder has to register their project before they even put a single unit on sale. They need to put 70% of the project money in a separate escrow account. There are daily deadlines to keep, and if not? Then they risk hefty fines and even jail.
If you are a seeker of property under budget in Amritsar or you wish to invest in the stretch of real estate in Punjab, it's this scheme of things that provides you real security. It's not just paperwork, it's peace of mind.
Who Needs to Register Under RERA Punjab?
There is no such mandate to register all real estate deals with RERA, but most are. Here's the breakdown:
Builder and Developer must be registered if:
- The project land is more than 500 square meters, OR
- The project comprises of more than 8 flats/apartments/units.
- This is applicable for both commercial and residential projects.
Real Estate Agents should register if:
- To sell or buy a property which is RERA registered
- Broker or Consultant for real estate transactions
If not are they are a broker or consultant for real estate transactions
Individual Homebuyers or buyers don't have to register themselves. But you should always check if the project you're buying in is RERA-registered.
For instance, if you are dealing with the real estate agents in Jalandhar to locate your dream home then insist on showing RERA registration number. It is another step towards credibility and professionalism.
How Can You Check If a Project is RERA Registered in Punjab?
It's likely that is the most critical step before you sign contract or make payment. So, let's check the RERA registration of a project:
Step 1: Go RERA Punjab official site at rera.punjab.gov.in
Step 2: On the page, you will see 'Search Registered Projects' on left side.
Step 3: Now, submit your query in the form of search:
- District (mandatory)
- Project name (optional)
- Promoter name (optional)
- Registration number (if you have it).
Step 4: Now click on the search button to get the list of all the projects registered in your area
Step 5: Click 'View' next to any project to get full information including:
- Project timeline and completion date
- Promoter information
- Approved plans and layouts
- Duration of registration valid period
This feature is great tool when you are comparing various projects in Chandigarh or any other city. You could cross check everything you're told by the builder on official records.
How Do You Check RERA Punjab Case Status and Cause List?
If you have lodged a complaint with RERA Punjab then you will want to track it. The authority has made this remarkably simple.
How to Check Your RERA Punjab Case Status?
RERA Punjab case status allows you to check your case or complaint in real-time. Here is how it works:
Go to the website of Punjab RERA and look for the 'Case Status' or 'Complaints' tab. Fill in your complaint number and some basic information. It will show you:
- Your case status Current
- Next hearing date
- Orders passed (if any)
- Documents submitted from both parties
This transparency means you'll never be left in the dark about your complaint.
What is the RERA Punjab Cause List and How Does It Work?
RERA Punjab Cause List is nothing but a list of cases to be heard, or a calendar of a court. It indicates which cases are called for hearing on which date. You can know when your case is coming up if you have a pending case, by checking the cause list regularly for help:
- When your case will be heard
- Get required documents ready in advance
- Schedule your plan of life accordingly
With this and the other function, the complaint process is far more transparent than in normal court proceedings.
What Should You Know About RERA Pending Projects in Punjab?
The most useful feature is that it allows you to check the project status on the RERA Punjab website. RERA projects in Punjab that are pending can prevent you from making a bad investment.
Projects can be "pending" for several reasons:
- Registration application is processing
- Builder has not provided all required paperwork.
- Deadline for project has been missed and now extension will be asked for.
- Resolving compliance issues
Before you make an investment in any property, more so if you are planning to buy property in Patiala or any other city of Punjab, make sure if the project is:
- Registered - Everything is fine to go.
- Pending - Check why before you put your money in.
- Not listed - Red flag! Stay away from these ones.
A pending status isn't all bad, but it does call for a little investigation. Contact the builder and ask for clarification. Better safe than sorry.
How Do You Access the RERA Punjab Login Portal?
The RERA Punjab login is mainly available for the promoters and agents who are registered on the portal. As a buyer of property, you usually don't need to register unless you wish to complain.
So you're a developer or an agent. Here's how to get to your account:
- Visit rera.punjab.gov.in
- Tap the 'Login' button.
- Choose your user type (Promoter/Agent/Complainant).
- Type your registered id and password.
- Submit to go to your dashboard.
With your account you can:
- Report project progress quarterly
- Submit required documentation
- Answer complaints
- Claim certificates and receipts
Buyers can see most of the information without having to log-in, which is great for transparency.
What Documents Are Required for RERA Punjab Registration?
Whether you are a builder registering a project or an agent applying for registration, you will require certain documents. Here is what is usually required:
For Promoters/Builders:
- Sale deed of the land
- Sanctioned building plan from local body.
- Encumbrance certificate
- Company incorporation documents
- PAN and Aadhaar of promoters
- Last 3 year Audited Financial Statements
- Project time lines and completion dates
- Bank account details for escrow
For Real Estate Agents:
- PAN and Aadhaar card details.
- Proof of address (passport, utility bill, etc.)
- The photographs have to be passport-size.
- Business registration details (if company)
- Educational qualifications (if any)
- Registration fee payment receipt.
Being prepared in this way greatly speeds up the registration procedure.
What Are the RERA Punjab Registration Fees?
The fee schedule is intended to be fair, but to deter all but genuine participants in the market.
For Real Estate Agents:
- Single Operators: ₹5,000 for new registration, ₹3,000 for renewal
- Companies/Firms: New registration fee Rs. 25,000, renewal fee Rs. 12,000
- Enrollment expires after 5 years.
For Project Registration:
- The rate depends on the kind and scale of work.
- Residential projects: Rs. 10-15 per sq metre
- Commercial projects: Rs. 20-25 per sq metre
- The maximum fee is capped at Rs 10 lakh for any size of project.
Punjab RERA website has a fee calculator which allow you to calculate the exact fees for your project details.
Other Fees:
- Submission of complaint: Rs. 1,000
- Appeal to Appellate Tribunal (Section 44): Rs.1,000
How Can You File a Complaint with RERA Punjab?
Of course, even with the rules, there can be disagreements. Perhaps your builder is stalling on your job. Perhaps the workmanship is not as advertised. Perhaps the amenities advertised in the brochure are not there. Whatever it is, here's how to complain:
Online Method:
- Register for an account at Punjab RERA website
- Go to 'File Complaint' tab
- Form M (complaint under the Regulatory Authority)
- Attach documents (agreement, bills, letters)
- Pay Rs.1,000 complaint fee online
- Submit and save your complaint number
Offline Method:
- Form M Download from the website
- Fill it up in all respect(even the smallest details)
- Attach photostat copies of all the documentary evidence
- Come to the RERA Punjab office in Mohali
- Along with the form, submit a demand draft for Rs1,000
- Collect acknowledgment receipt
The builder is then required to respond within 30 days. The authority strives to the majority of cases within 60 days but can take longer in complex cases.
You can check the status of your complaint anytime now via the case status feature we talked about earlier.
What Are the Benefits of RERA Punjab for Homebuyers?
Why consider only RERA registered projects if you are searching for property for sale in Ludhiana or in other parts of Punjab? Here are the concrete benefits of using RERA to choose your projects.
- Financial Security: 70% of your money needs to be kept in a separate escrow account and should be used only for that project. No more siphoning off of funds.
- Carpet Area Pricing: You pay only for the usable Carpet Area and not for the inflated super built-up area. More value for money, this is what it means.
- Timely Delivery: Builders must adhere to deadlines. In the event of a delay, they owe you interest at a specified rate.
- Quality Check: Builders are liable for structural defects for five years after possession. You can ask for repairs during this time.
- Transparency: All the project details plans/approvals, etc., timelines and more are online for crosschecking.
- Simple Grievance Redress: There is a mechanism to complain and it is inexpensive and fairly quick.
- Standardised Agreements: which is to ensure the sale agreements are of a prescribed format which provides buyer protection.
These aren't just theoretical benefits. Real homebuyers in Punjab have used RERA successfully to claim refunds, compensation for delays, and quality corrections.
What Common Mistakes Should You Avoid When Buying Property?
From the experiences of homebuyers across Punjab, here are blunders that you need to stay away from:
- Checking RERA Registration or Not: Do Verify Before You Book. An unapproved project is illegal and high risk.
- Disregarding Project Timelines: Cross-check with possession date promised with details in RERA registration documents. Sometimes developers verbally promise earlier dates.
- Not reading the fine print: Sale deeds have important information on delay, refund and penalty. They have to be read thoroughly.
- Paying to personal accounts: The payments have to be made to the escrow account of the project and not to the personal account of the builder.
- Skipping site visits: Pictures can be deceiving. Go to the site and see how the construction is going.
If you want to come to the office or have questions:
Address - Real Estate Regulatory Authority, Punjab Ground Floor, Block-B, Plot No. 3 Sector 18A Near Government Press UT) Madhya Marg, Chandigarh- 160018
The office is open to the public for the transaction of business respectively. That said, they offer all of their services online, so you almost never have to go there.
Conclusion
It is safe to say that RERA Punjab has changed the world of real estate for better in the whole state bringing safeguards for homebuyers and investors alike. With the help of features like checking pending complaints case status on the Punjab RERA website as well as Cause List for hearing schedules, you can be up-to-date as well as secured. Always buy from Registered projects and agents, to be on the safer side. Whether you want to buy a budget friendly house/or a developers with a high end projects, Punjab real estate will not disappoint you. With the RERA Punjab regulating the industry, you can buy your property in trust. An aware buyer is a safe buyer so make use of RERA Punjab to your advantage and make your property venture a grand success. To get more trusted listings and resources for Realestate, visit RealEstateIndia and make the best of opportunities in Punjab.
Frequently Asked Questions About Punjab Rera
- Is the RERA registration compulsory for all projects of Punjab?
It is compulsory to register if the project land is more than 500 sq meters or 8 or more apartments in the project. Small projects are exempt.
- How to check if the builder is RERA registered?
Visit rera.punjab.gov.in and search for the project or the developer under registered projects. All registered projects are here listed with full details.
- What should I do if there is a delay in my project?
Do a complaint on the RERA Punjab portal. The builder has to reply within 30 days, he may be liable to pay interest for the period of delay.
- Can I get a refund if I don't like the project?
Yes, RERA you can ask for refund before possession. The builder has to refund your money along with interest within 45 days.
- It takes how long to complain RERA Punjab to settle?
The authority strives to dispose of most cases within 60 days, but complicated matters might take longer. progress You can watch progress online anytime progress You can watch progress online anytime.
- Do real estate agents have to register?
Yes, all agents who are selling or buying RERA registered properties will have to be registered. Provide your agent with their RERA registration number.
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