Have you ever dreamt of buying yourself a home with your hard-earned money? What if you find out that the property you invested in was a SCAM? Is there a way out? What can we do now? These are the usual mind-boggling questions a buyer looks out for. This guide will help you find out the legal way out with AM Partners and an easy method to prevent any such potential risks.
RERA registration number is a safety number that protects buyers from any property-related concerns and brings transparency. Real estate regulatory authority abides by the law of the RERA Act, which came into force in 2016.
The preliminary questions to be asked of the developer must be the details of RERA registration, which can be verified easily. If you have no clue about how to check RERA registration? All you need to do is enjoy this reading.
What is a RERA Registration Number?
Real Estate Regulatory Authority (RERA) is the governing body that safeguards the interests of real estate stakeholders. RERA is responsible for bringing transparency and eliminating any possibilities of fraudulent activities in real estate. For the longest time, real estate builders and agents enjoyed free rein and monopoly in the sector. As a result, scams and fraud cases were on the rise till the introduction of the RERA Act in 2016.
The RERA registration number is a unique number granted to real estate developers. It can be used to verify the authenticity of the development project and its complete details. Each state in India has its own RERA, which governs its real estate sector. It works both ways for a developer and a prospective buyer as a protection. If you are in the midst of how to check RERA registration, stay to uncover all the details.
Due to increasing cases of Real estate fraud, registration number is a safe bet for both parties. It is advisable to seek expert legal assistance. AM Partners has been dominating the legal sector with their stronghold in this niche. The team has resolved most complex land disputes and has the best lawyers in Chandigarh.
Why is Checking a RERA Registration Number Important?
As per RERA mandate, every buyer has the right to ask for the RERA registration number before purchase, and every real estate developer has to be registered under the RERA Act. A unique number is allotted to each real estate developer registered under the act. A RERA identifier is a combination of the state code, followed by the project number and date of registration.
One needs it while seeking how to check builders RERA registration. You can also ask your legal aid for a thorough background check related to sales history or previous dispute clearance. AM Partners, or a synonym of the best property lawyers in Chandigarh, has a solid track record of resolving land disputes in the shortest span. Reaching out to them is just a click away.
Now let’s have a look at the details furnished by the RERA registration number.
- Project status: A buyer can easily track the project’s growth, its starting date, and the current status of whether it’s almost completed or in progress.
- Project details: Specifications of the project, from the layout, number of rooms, to the included amenities, can be easily verified.
- Competition time: An estimated completion date can be verified from the official website.
- Legal approval clearance: An assurance of the legal jurisdictions fulfilled by the project and clearance attained by the RERA Act is easily verifiable.
- Developer details: Easy access to the developer details, including the phone number and registered office address, can be easily tracked with the help of a RERA number.
The complete process of how to check RERA registration of builders is explained below in easy steps.
Step-by-Step Guide to Check RERA Registration Number Online
Investing in a property is a huge step. It is advised to check the registration number before making any deposit. It is a simple process completed within minutes.
Here is the complete step-by-step blueprint of how to check RERA registration online.
- Visit the official state website for RERA registration.
- Search for “Registered projects” or verify the “Rera registration” section on the page.
- Punch in the project name or the Rara number in the space provided.
- Cross-verify the details provided and ensure the authenticity of the project.
- In case of any deviation, report to the state RERA authority via the contact details provided.
Common Challenges Faced by Buyers While Verifying RERA Projects
Verifying the RERA project is not a smooth ride for all buyers. Many lack knowledge and can miss technical loopholes that are taken advantage of by the developers. This leaves a potential buyer feeling cheated and stressed.
Some of the common issues faced by buyers are:
- Lack of awareness: There is a huge pool of unaware buyers who have zero clue about RERA provisions.
- Wrong/ No registration numbers: Sometimes, buyers find out that the registration number is invalid and cannot access the details. It creates a breach of trust among the parties, and it is safe not to invest in such projects.
- Incomplete project details: It is quite common for developers to not align with the compliances, which showcases half-truths. Buyers should be on high alert if this is the case and refrain from buying such properties.
- Legal disputes: Buyers should always conduct a background check to ensure no legal disputes are going on with the property offered by the developer.
- Less technical knowledge: Not all buyers are techno-savvy or know how to check RERA registration, which makes the process complicated.
- Delayed projects or deliveries: Irrespective of strict RERA compliance, many Builders delay the projects and possession.
- Poor construction quality: Despite making huge promises about quality standards, most of the developers compromise on it to make more profits.
- Discrepancies in deliverables: Sometimes, there is a discrepancy between the promised construction and the actual possession. It can be anything related to the carpet area or the layout.
- Hidden costs: At the time of the possession, usually, the builders levy hidden costs and charge more than the actual amount on paper. It creates a rift between the parties.
These limitations can be easily tackled by hiring a legal attorney. You can book an appointment with the AM Partners team and let them take it from there. They have had a strong presence in the sector for decades, and excel at what they do!
Conclusion
Registration number safeguards the interest of buyers and developers. Chances of fraudulent activities can be made by any of the parties. As per the stats, a higher ratio of buyers are the victims, and the RERA Act brings transparency in the system. Staying updated and acting fast should be the prerequisite for every buyer. In case of any dispute, legal help should be sought.
Awareness about RERA registration and simplification of how to check RERA registration should be mandated. Ensuring safety is an individual’s responsibility, and taking action for any illegal activity is the right granted by the judiciary. AM partners ensure no citizen is deprived of their fundamental right to justice and provide the best legal services to dispose of the matter at the earliest.
FAQ
Visit the official state RERA website and navigate the “Complaint Status” section for details.
RERA-approved projects simply ensure that RERA authorities have checked the legal compliance. In the end, RERA registration protects the rights of the buyers.
Visit the official RERA website of the state concerned and search for the project details using its name, registration number, or promoters’ details.
Always check for RERA-registered projects, as they are the key source to claim your legal rights.
Yes, you can withdraw a complaint by submitting a formal application to the RERA authorities, citing reasons for doing the same.