How to Check RERA Approved Projects in Bangalore?
RERA approved projects in Bangalore gain customers’ credibility immediately. There are several benefits associated with a property that is certified by the authority. In order to simplify the complete process the Karnataka government has digitised the whole process. Citing this, now a home buyer can easily check the RERA approved projects in Bangalore.
For the unversed, RERA stands for Real Estate Regulatory Authority is the apex body that regulates and grants certification to property in India. In 2016, the RERA Act was passed and offered a shield against the fraudulent and illegal activities prevalent in the real estate industry.
How to Check RERA Approved Projects in Bangalore?
Here is a quick guide that will help the buyers to check the RERA approved projects in Bangalore:
- Visit the official website of RERA, Karnataka
- Find and click on the Services tab available on the homepage
- Choose the project status from the drop-down menu
- Scroll along the list of the various options available beneath this,
- Applications applied for registration
- Applications approved
- Applications rejected
- Applications withdrawn
- Applications under process
- Applications under query
- Applications third-party transfer
- Applications applied for completion
- Choose the applications applied for completion option and then enter the project name, application number, district, registration number, promoter or company name and then click on the submit button
Go through the details mentioned on the certification and to know the complete details related to the RERA approved projects in Bangalore.
How to Check RERA Registered Real Estate Agents in Bangalore?
The RERA act also awards certifications to real estate agents if they work as per the norms prescribed under this act. Dealing with the RERA approved real estate agents provides an added layer of genuinity to the buyer. Here are some quick steps that you can use to check the RERA approved property dealers in Bangalore:
- Visit the official portal of RERA Karnataka
- Find the Services tab and click on the same to choose the Agent option from the drop-down menu
- From the multiple tabs available like Applied for registration, Applications approved, Applications under process, Applications rejected and Applications withdrawn, choose the applications approved option
- Now, enter the name of the agent on the search tab and click the submit button
Post submission, you can find all the details related to the particular agent on the screen. The details usually include the name of the business, registration number, and operating district.
RERA Approval Projects in Bangalore
Here in the following section find the basic eligibility and charges of RERA approved projects in Bangalore.
RERA Eligibility Criteria
For getting RERA approval, the property should belong to any of the following categories.
- Properties which are commercial, residential, and plotted development
- The area of the property should be more than 500 sq metres
- Redevelopment properties can seek RERA approval from the authorities
RERA Approval Charges in Bangalore
Here in the following table we have mentioned the applicable fee for the different project types.
| Project Type | Details | Fee |
| Plotted Development | Residential plots | Rs 5 per sq m (Upper limit Rs 5 lakh) |
| Group Housing Projects | Area less than or equal to 1000 sq m | Rs 5 per sq m |
| Area more than 1000 sq m | Rs 10 per sq m | |
| Mixed Development Project | Area less than or equal to 1000 sq m | Rs 10 per sq m |
| Area more than 1000 sq m | Rs 15 per sq m | |
| Commercial Real Estate Projects | Area less than or equal to 1000 sq m | Rs 20 per sq m |
| Area more than 1000 sq m | Rs 25 per sq m | |
| Late Fees Charged by RERA Karnataka | Area less than or equal to 1000 sq m | Rs 5 lakh |
| Area more than 1000 sq m | Rs 7 lakh |
Benefits of RERA Approved Projects
RERA approved projects in Bangalore come with their own sets of benefits. If you are someone who is yet to zero over a property then do check out the following section to know about the proposed benefits:
- The chance of forgery is negligible if the property is RERA approved. The competent authorities do a thorough check before granting the tag of approval
- If the possession of the properties is delayed citing any glitch on the part of the developer then he has to pay a huge penalty for this.
- RERA approved projects ensure that the property is fairly priced and the cost is calculated over the actual carpet area. This act also entitles a buyer to cancel the property deal with a full refund if the cancellation is done at least 45 days before the possession
- Under the RERA act, an appellate tribunal has been set up by the competent authorities. This tribunal helps to fast-track any of the grievances or claims filed against the developer.
FAQs
Q: What are the benefits of RERA approved projects in Bangalore?
Ans: Having approval from RERA makes a project credible in the eyes of the buyer.
Q: Is RERA approval mandatory for flats in Bangalore?
Ans: Yes, as per rules, RERA approval is mandatory for flats, commercial or residential projects in Bangalore
Q: How can I check the RERA approval status of a flat in Bangalore?
Ans: Visit the official website of Karnataka RERA to check the approval status of any flat or property.
Q: How much is the registration fee for RERA approved projects in Bangalore?
Ans: The registration fee for RERA approved projects in Bangalore lies between Rs 5 to 20 per metre.
Q: What is the eligibility to get RERA approval for a project?
Ans: Any commercial, residential, and plotted development with area not more than 500m are eligible for RERA approval.
