The RERA Certificate is a document issued by the state's real estate regulatory authority to builders registering their projects with the state's RERA for sale. Under the RERA Act, a builder cannot advertise his project or sell it without obtaining a RERA certificate from the authority with Real Estate Accounting.


For example, if the builder registers his project with the RERA MP, and then successfully completes the RERA registration application process, the builder will receive the RERA certificate. This RERA Certificate is essentially proof with the builder that the specific project has been approved by the RERA. Additionally, this RERA Certificate enables the builder to receive funding from banking institutions and NBFCs to complete the project.


In addition, the Project Occupancy RERA Certificate declares that the builder has successfully completed the project. Once the Occupancy RERA Certificate is obtained from the Builder Authority, the Builder can successfully transfer ownership of the flat to the respective buyers.




What is an RERA Certificate?


When the builder registers the project with the Real Estate Control Authority, he receives a RERA certificate from the authority. The RERA certificate is a legal document. The RERA Certificate confirms that the project is an RERA registered project. The document also contains the project registration number and builder's details.


Real estate agents can also obtain a RERA certificate by registering with the Real Estate Regulatory Authority. Also, it is mandatory for builders to obtain an RERA certificate to sell their property. Also, it is mandatory for real estate agents to obtain an RERA certificate to deal with the sale and purchase of RERA approved assets and projects.


Also, at the completion of the project, the builder is given an RERA occupancy certificate. Once this certificate is issued to the builder, a legal transfer of property may occur. With this Occupancy Certificate RERA, the property is considered under construction and is not legally owned by the buyer.



How to get RERA Certificate?

The builder must submit several documents to obtain the RERA registration certificate. These documents include the Engineer's Certificate for RERA, RERA CA Certificate and RERA Architectural Certificate. All of these must be duly filled in during registration to obtain the RERA certificate.


The builder can download a copy of the RERA certificates from the respective state's RERA website. For example, in the case of RERA UP, the Engineer's Certificate for RERA, RERA CA Certificate and RERA Architectural Certificate can be downloaded from the 'Downloads' section of the website.


What are the documents required to obtain an RERA Certificate?


The various documents required by the builder to obtain an RERA registration certificate include ID proofs, address proofs, and the builder's financial records. Real estate agents who want to obtain a RERA certificate will need the same documents. Hence the required documents

  1. PAN Card Details
  2. Details of the project such as number of floors, parking area and actual carpet area
  3. Land records and land title
  4. Project sanctioned project
  5. Detailed layout plan of the project
  6. RERA Certificate of Engineers
  7. CA RERA Registration
  8. ITR for the last three years of the builder
  9. Balance sheet and other accounting documents



How to verify a RERA certificate?


To verify the RERA certificate or download the RERA certificate online, the builder must verify it on the state's RERA website. After the builder has registered the project, they can check the status of the application on the website. Upon approval of the application, the builder can download the RERA registration certificate online from the RERA website.


Why is it mandatory to get an RERA certificate?


It is mandatory for builders to obtain a RERA registration certificate because if they fail to obtain a RERA certificate, the builder will have to pay a stiff penalty. This is also the case with agents.


If builders and agents fail to obtain an RERA registration certificate, they must pay fines. In the case of agents, the penalty is Rs 10,000 or 5% of the project cost on a daily basis.


Suppose the builders for the project do not get the RERA registration certificate. They will have to pay a penalty of 10% of the total cost of the project. In addition, if the RERA does not follow the rules, the builder will have to pay a penalty of 5% of the daily project cost.


The regulatory authority is very strict with the guidelines and has the authority to enforce compliance with the builders in case of any defaults. Moreover, if the builder does not comply with the judgment of the Court of Appeal, then there is a possibility of a year in prison.

In addition, buyers will need to apply for a home loan to purchase property in the project. If the RERA certificate is then issued for that project, the home loan process for that property will be done without any hassle. Also, under the RERA mandate, banks only lend to residential and commercial properties that have an RERA certificate.



Advantages of obtaining an RERA certificate


It is mandatory for builders to get a RERA certificate. At the same time, it is highly beneficial to buyers and builders and real estate agents. Some of the benefits of having an RERA certificate are as follows.


  1. Prevents the misconduct of some builders.
  2. Execution of standard rules and regulations by all builders.
  3. To increase transparency in the real estate industry.
  4. Protect buyer rights.
  5. To make the builders more accountable to the buyer for their promise
  6. Ensure timely delivery of projects


What kind of projects can get an RERA certificate?


Currently, RERA applies in almost all states. Yet, there are situations where some or some of the projects are not part of RERA. But most projects are part of RERA and have an RERA certificate. Let’s take a look at some of the similar plans covered under RERA.

Projects completed before the commencement of the RERA Act are automatically covered under RERA.


Projects under construction are covered under the RERA Act. To obtain RERA registration for projects under construction, the builder must provide regular updates.


However, pre-completed but currently undergoing renovation or repair projects are not specifically part of RERA. However, any expansion on the same project or new flats developed by the builder on an existing project must first have RERA certification.


In the end, it is mandatory for the builder to obtain an RERA certificate, which may be an RERA registration certificate or an RERA occupancy certificate. These two certificates are part of the RERA compliance process. Builders and agents must register their projects and themselves to obtain this RERA certificate. If missed, fines are paid by builders and agents. To download the RERA certificate online, the builder must visit the RERA website and download the RERA certificate. Lastly, in the case of default, there will be a fine on the builder and the agent.