Check RERA registration in Kerala to ensure legal compliance & transparency. Verify project details through the official website of Kerala RERA to guarantee a secure property purchase.
When investing in a home, ensuring that your hard-earned money is protected is of utmost importance. The Real Estate Regulatory Authority (RERA) helps with this by bringing transparency and accountability to the real estate sector. Kerala RERA plays a crucial role in maintaining this transparency, ensuring both developers and buyers in the state follow legal guidelines.
Before investing, verifying the RERA registration of a project is essential to guarantee its credibility. Knowing how to check RERA registration in Kerala will help you take informed decisions. Whether exploring RERA projects or seeking details on RERA-registered projects in Kerala, confirming their registration safeguards your investment and ensures the project’s legitimacy.
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Table of Contents
What is Kerala RERA?
Kerala’s Real Estate Regulatory Authority is the governing body tasked with ensuring transparency and fairness in the state’s real estate sector. Established under the Real Estate (Regulation and Development) Act 2016, its primary role is to regulate the registration of real estate projects and enforce legal compliance. The authority’s key functions include monitoring Kerala RERA projects, addressing grievances, and safeguarding the interests of homebuyers.
Benefits of Buying RERA-registered Projects
Purchasing RERA-registered projects in Kerala has many advantages, including legal protection, transparency in transactions, timely delivery, and quality assurance. This ensures that homebuyers are making secure and informed investments in projects that comply with regulatory standards.
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Legal Protection
One of the most significant benefits is legal protection. With RERA in place, developers have to follow strict guidelines and legal obligations – ensuring you are safeguarded from fraudulent activities and protecting you from potential scams & project delays.
According to Indian Household Finance Landscape (section 3.1) – a paper published by National Council of Applied Economic Research, 77% of the total assets of the average Indian household are invested in real estate – making it the most significant lifetime investment for any Indian family. Thus, it becomes important to legally safeguard this most treasured investment.
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Transparency in Transactions
RERA promotes transparency, allowing buyers to take informed decisions with confidence. All relevant details about the project – including timelines, approvals, and legal clearances – are available for verification.
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Timely Delivery and Quality Assurance
RERA mandates that developers adhere to deadlines, ensuring timely delivery and promised quality standards. One of them is that it is mandatory for a developer to deposit 70% of the funds collected from buyers in a separate escrow bank account – meant exclusively for construction of that project.
This reduces the risk of delays that often plague real estate investments, as developers are prevented from using income from one project to fund construction of other projects.
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Clear Title
Buying a RERA-registered property guarantees clear title, meaning the property is free from legal disputes or encumbrances. Understanding how to check RERA registration in Kerala ensures that you are investing in reliable and legally compliant projects, offering peace of mind and long-term security.
5 Steps to Check RERA-registered Projects in Kerala
Checking RERA-registered projects in Kerala is essential to ensure legal compliance & transparency, and safeguard your investment. It helps homebuyers verify that the project meets regulatory standards, offers legal protection, and reduces the risk of delays or fraudulent practices.
- Visit the official website of Kerala RERA.
- Click ‘Registered Projects’, after which you will be directed to the screen shown below.
- In the left top corner, you will see ‘Explore Projects’. Here, you can fill in any of the information shown below, to check whether a project is registered.a. Project Name
b. Locality
c. Promotor
d. Registration Number
e. District Name
f. Village Name
g. Taluk Name
h. Building Type
i. Project Type
j. Project Status - On the same page, you can further narrow down the projects with ‘Sort by’ options such Newest, Oldest, Name A-Z, Name Z-A, and Proposed Date of Completion (RHS bottom).
- On selecting ‘Newest’ in the ‘Sort by’ option, you will get the list of new projects as seen above. If a project is not registered, you would not find any of its details in this portal.
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What to Do If a Project Is Not RERA-registered?
Investing in a project that lacks RERA registration in Kerala poses significant risks. Without the safeguards offered by RERA, you could face legal complications, delays in project delivery, or even potential fraud. These risks highlight the importance of ensuring that any project you invest in adheres to the guidelines of Kerala RERA projects.
3 Steps to Take If a Project Is Not RERA-registered
If a project is not RERA-registered, it is important to take specific steps to protect your investment and ensure legitimacy.
- Verify the Legitimacy of the ProjectStart by examining property documents, builder credentials, and any available third-party reviews to assess the project’s credibility. Look for reliable sources to ensure that the developer has a good track record, even if the project is not under RERA-registered projects in Kerala.
- Step 2: Contact Kerala RERAReach out to the Kerala RERA authority directly, to inquire about the project’s registration status. They can provide clarity on why the project lacks RERA registration in Kerala and guide you on the further steps.
- Step 3: Seek Legal AdviceBefore proceeding with any transaction, consult a lawyer specialising in real estate. They can review the project details and help you understand the legal implications of investing in a non-RERA registered project.Understanding how to check RERA registration in Kerala will help avoid these risks in the future.
Common Mistakes to Avoid When Checking RERA Registration
When verifying RERA registration in Kerala, avoid common mistakes that could jeopardise your investment and ensure full legal compliance.
- Ignoring the Expiry Date of RERA Registration: One of the common mistakes homebuyers make is overlooking the expiry date of RERA registration in Kerala. An expired registration can leave you vulnerable to legal issues, as the project may no longer be under RERA’s protection. When reviewing RERA-registered projects in Kerala, always ensure that the registration is active.
- Overlooking Project Details: Another key mistake is failing to check if all phases of the project are registered. Some developers may register only part of the project, leaving the rest unregistered. Ensure that every phase of Kerala RERA projects is compliant and properly registered. This guarantees full legal protection.
- Failing to Cross-verify Information: Simply trusting the developer’s word can be a costly mistake. Cross-verify the details provided by the builder with the official Kerala RERA records. Understanding how to check RERA registration in Kerala helps ensure you are investing in a legitimate and legally compliant property, safeguarding your investment from potential pitfalls.
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Conclusion
Verifying RERA registration in Kerala is essential for safeguarding your investment and ensuring legal protection. The process involves visiting the official website of Kerala RERA authority, cross-checking project details, and ensuring the registration is active. This simple step guarantees that you are investing in legitimate Kerala RERA projects that adhere to all regulatory standards.
Always prioritise checking RERA-registered projects in Kerala before taking any investment decisions. The RERA authority serves as a valuable resource for homebuyers, offering transparency and assurance in the real estate market. By taking the time to understand how to check RERA registration in Kerala, you can secure a safer and more informed property investment.
FAQs
1. What is RERA, and why is it important for homebuyers?
RERA (Real Estate Regulatory Authority) is a government body that regulates the real estate sector, ensuring transparency and accountability. RERA is important for homebuyers as it protects them from fraudulent practices by enforcing strict rules that developers must follow.
2. How does RERA benefit property buyers in Kerala?
RERA benefits property buyers in Kerala by providing legal protection, ensuring transparency in transactions, guaranteeing timely project completion, and offering a clear title to the property certifying that it is free of legal disputes.
3. What is the process for registering a real estate project under RERA in Kerala?
The process for registering a real estate project under RERA in Kerala starts with developers submitting all required documents, such as land titles and project details, to the Kerala RERA authority. The project is then evaluated, and once approved, it is granted RERA registration.
4. How can I verify if a project is RERA-registered in Kerala?
4. How can I verify if a project is RERA-registered in Kerala? You can verify if a project is RERA-registered in Kerala by visiting the official Kerala RERA website and searching for the project using the name, developer details, or registration number.
5. Where can I find the official Kerala RERA website?
The official Kerala RERA website can be accessed at https://rera.kerala.gov.in
6. What documents should be available for a RERA-registered project in Kerala?
Documents that should be available for a RERA-registered project in Kerala are: title deed, approved building plans, environmental clearances, and details of contractors, architects, and engineers associated with the project.
7. What are the penalties for developers if a project is not RERA-registered in Kerala?
If a project is not RERA-registered in Kerala, the penalties for developers are fines and legal actions. This could also result in delays and legal complications for buyers.
8. Can I file a complaint if a project is not registered under RERA in Kerala?
Yes, you can file a complaint if a project is not registered under RERA in Kerala, by approaching the Kerala RERA authority or filing an online complaint on the official website.
9. How can RERA registration affect the timeline and completion of real estate projects in Kerala?
RERA mandates developers to meet the timeline mentioned in the RERA documents, ensuring timely project completion. Failure to do so can result in penalties, offering buyers assurance on project timelines.
10. How does RERA protect buyers if a project is delayed?
If a project is delayed, RERA protects buyers by enforcing penalties on developers and offering compensation or refunds if the project is significantly delayed. It also helps ensure that the reasons for delays are communicated transparently to buyers.
