What is RERA?
The Real Estate (Regulation and Development) Act, 2016 (RERA) protects homebuyers and brings transparency to real estate. In Ghaziabad, the authority is the Uttar Pradesh Real Estate Regulatory Authority (UP RERA).
Who Needs RERA Registration?
Promoters and builders
Real estate projects generally need registration before advertising, marketing or selling, where the land area exceeds 500 square metres or the number of apartments exceeds eight, including all phases. Ongoing projects without a completion certificate were also covered when the law came in.
Real estate agents
Agents who facilitate sale or purchase in registered projects must register with UP RERA before acting as agents.
Project Registration Process (Overview)
- Collect land title, approvals and sanctioned plans
- Prepare project details: layout, phases, carpet areas, amenities and timelines
- Prepare financial details and the separate project bank account details
- Upload the application with declarations on the UP RERA portal and pay fees
- Respond to queries and obtain the registration certificate
Financial Compliance Where a CA is Involved
- Separate bank account: a specified portion of amounts collected from allottees must be deposited in a separate account and used only for land and construction cost of that project
- Withdrawals from the separate account are supported by certificates from an engineer, an architect and a practising Chartered Accountant, in proportion to the completion of the project
- Annual audit: project accounts are audited annually by a Chartered Accountant, verifying that funds were used for the project
- Periodic updates: promoters update project progress, bookings and approvals on the RERA website at the prescribed intervals
Documents Typically Required
- Land title documents and encumbrance details
- Sanctioned building plans and approvals
- Promoter's PAN, incorporation documents and past project details
- Audited financial statements of the promoter
- Proforma allotment letter, agreement for sale and conveyance deed
- Bank account details of the separate project account
Common Mistakes to Avoid
- Advertising or taking bookings before registration
- Withdrawing from the separate account without proper certificates
- Missing quarterly or periodic updates, which attract penalties
- Charging for super area instead of carpet area as required
- Weak documentation of fund usage between multiple projects
Frequently Asked Questions
Do small plotted developments need RERA registration?
If the land area and number of units exceed the thresholds, registration is generally required. Check each project with the current UP RERA rules.
Can RERA registration be extended?
Extension may be granted in specified circumstances on application. It should be sought before expiry.
Related Services
- Property Tax and Capital Gains Advisory
- GST Return Filing
- Tax Audit Services
- Private Limited Company Incorporation
Talk to a Chartered Accountant
If you are looking for professional assistance with RERA Registration and Compliance in Ghaziabad, contact us for detailed guidance.
CA Mayank Agarwal (Chartered Accountants)
Raj Nagar Extension & Indirapuram, Ghaziabad
Phone / WhatsApp: 9718877122 | Email: fcamayankagarwal@gmail.com
This page gives general information for guidance only. Laws, forms, fees and timelines change from time to time and depend on individual facts, so please confirm the current position before acting. See all our service guides.