Here’s How the RERA Telangana Has Helped Maintain the State Real Estate

The real estate sector in the country has always been shrouded in corruption and money laundering. The repeated cases have impacted people’s attitudes towards the real estate sector. To curb this and ensure a more transparent system, the Government of India introduced the Real Estate (Regulation and Development) Act in 2016, which was then gradually adopted and run by all the state governments, including Telangana. Today, we delve deeper into how the RERA Telangana works.

RERA Telangana

Before, the real estate sector was largely unregulated, and people used to shy away from investing in real estate. But this situation took a turn when the government of India introduced the Real Estate (Regulation and Development) Act in 2016 which would create standardized rules and regulations to maintain transparency in the real estate sector. The RERA Telangana Act came into force in May 2017 with 92 sections.

Purpose Of RERA Act Telangana

The real estate sector is largely unregulated and has also led to a lot of unrequited expense burdens on the buyer, promoter and more, such as brokerage fees. As a result, the complaints as a result of the same also found difficulties in the legal system. After all, the sector was in a major need of some standard transactions in the real estate industry, more transparency in the transactions taking place, as well as assured that all the grievances from all parties were being addressed in an objective, legal forum. The purpose of introducing the RERA rules in Telangana was, therefore, to protect the interests of all buyers and sellers where all are treated equally and just, as they should be. Today RERA has not only helped bring in more efficiencies along the entire real estate value chain but also enrich it with new opportunities. Simply laid out, however, the following are the reasons the TS RERA Act was necessary.

Purpose of the TS RERA Act:

• To bring transparency and efficiency between buyers and sellers in the real estate sector.
• To properly regulate and promote the real estate sector.
• To safeguard the interests of the consumer. Earlier consumer grievances had to be settled in consumer courts which was a lengthy affair. The Telangana RERA ensures that the buyer’s interests are not overlooked. A specialized Appellate Tribunal has also been established for quick grievance redressal.
• To maintain an official website containing a detailed record of all real estate agents and projects registered with the TsRERA.

Telangana RERA Services

For Citizens:

• If any citizen has any grievances regarding any breach of the tsrera act, they can directly complain online with the Regulatory Authority.
• Any buyer can easily access the record of registered projects on the RERA website. They can view all project details disclosed by the concerned real estate agent or promoter.

For Promoters:

• They can file online complaints directly with RERA.
• Easy RERA registration Telangana of projects on the official RERA website.
• Apply for extension of projects
• Promoters can update project progress every quarter.

For Real Estate Agents:

• Easy and hassle-free registration of real estate authorities.
• Real estate agents can easily file a complaint online.
• Easy registration renewal with the regulatory authority.

How is RERA Beneficial For Homebuyers?

Buyers can access updated information on their projects from the builder’s website. Moreover, the amount paid by the buyer remains protected as a specific portion of that amount is credited to a different bank account that the builders are liable to use while developing the project. Buyers can rest assured about their investments since only Telangana rera approved projects will have a registration search number and can market their projects. Furthermore, if there is any delay in project completion, the developer has to pay a 2% interest rate above SBI’s marginal cost of lending rate to the buyer.

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Telangana RERA Approved Projects

The Telangana Regulatory Authority has about 754 approved projects that are currently ongoing, while a considerable 580 brokers/real estate agents have received the RERA Registration. For a detailed list of the ts rera approved projects, click here.

TS RERA Login

Follow these few steps:

1. First, visit the official website of the Telangana RERA authority. You will be able to see the rera login page.

2. If you are a new user, click on the New Registration button at the bottom.

3. You have to select whether you are registering as a promoter or real estate agent. Now enter your username, password, email address and mobile number. Enter the Captcha text and then click on "Create User".

4. You will receive an email notification, after which your registration will be complete.

5. Now, again visit the official website and log in using your credentials.

How To Register Your Project on Rera Telangana?

The RERA Telangana registration process on the RERA Telangana website is very simple and can be completed like as shown:

• Visit the official RERA Telangana website here http://rera.telangana.gov.in/
• Check the projects tab and select ‘New’ for new housing projects or ‘Existing’ to register your old project.
• Proceed to fill in the required details on the RERA Telangana website. A list of required details for project registration in RERA Telangana is affixed below. 
• The RERA Telangana website uses a Pan card to identify the property owner. 
• After you input all the fields, click ‘save and continue to view your registered project on the RERA Telangana website.  

Registration Process for Agents in RERA Telangana

There are special provisions made by the Telangana government for the registration of real estate agents in the state. Here is a step-b–step guide to registering yourself as an agent with RERA Telangana:

• Visit the RERA Telangana official website here http://rera.telangana.gov.in/
• Select Registration and choose Project Registration.
• Select a new application and submit
• Enter Pan card number and find details.
• Fill your details under agent details
• Submit the required documents and wait for verification.
• Proceed and make the payment. Submit your application. 

Through these simple steps, anyone can become a registered agent with RERA Telangana. All the RERA Telangana-approved agents can view their names here: http://rerait.telangana.gov.in/SearchList/Search

What Are the Fees for Project Registration with Rera Telangana?

The RERA Telangana instructs to keep 70% of the total project cost in the bank and use it all on construction. For any TS RERA approved project under 1000 sq.m, the government will take a fee of Rs. 5/ sq.m. For properties having an area of more than 1000 sq.m, the charge is Rs. 10/ sq.m. The cap is set at Rs. 5 lakhs. 

In the cases of mixed type projects, i.e., a mix of commercial and residential plans, the TS RERA registration charge is Rs. 10/ sq.m for properties under 1000 sq.m in area. For properties having more area than 1000 sq.m, the Telangana RERA charges Rs. 15/ sq.m for registrations. The cap is set at Rs. 7 lakhs. 

List of Documents Required for Registration on RERA Telangana

The list of documents required for RERA registration may differ depending on whether you are an agent or promoter or developer.

For Promoters and Developers:

• Ownership documents or copy of Pattadar Passbook
• Sketch of property with measurements. 
• Site plan with detailed measurements. 
• Details of previously completed projects. 
• Development agreement letter stating the terms of the contract between the landowner and the promoter. 
• Encumbrance Certificate (EC)
• Structural Stability Certificate
• Approved plan 
• Existing layout plan
• No Objection Certificates (NOCs)
• Approved amenities plan
• Full address with the landmark nearby 
• Licenses of Enrolment Form of Civil Contractors etc
• Estimate of Building construction cost
• Licenses or Enrolment Form of Structural Engineer, Architect and CA
• Agreement of Sale
• Conveyance Deed
• Allotment Letter
• Title Deed copy
• Project brochure
• Form B, declaration, with an affidavit
• Latest photo of the site

For Agents:

• PAN Card copy 
• Address proof cop
• Passport size photogrTelanganah
• License certification copy
• GST number copy
• Interim Order Certificate
• Last three years ITR
• Disposed Certificate
• An affidavit (self-declared)

Project details List for RERA Telangana Property Registration:

• Project name
• Project type 
• Project description
• Project status
• Building plan no
• Building permission validity from
• Building permission validity to
• Project starting date
• Proposed date of completion
• Cost of land 
• The estimated cost of construction
• Total land area (in sq metres)
• Height of the building (in metres)
• Total plinth area
• Total built-up area
• Total open area
• The total area of garages
• No. of garages available for sale
• No. of open parking spaces
• Total open parking area
• No. of covered parking spaces
• Total covered parking area

Telangana RERA Search

Often, buyers might want to check the progress of their project or want to find information about the project where they are about to buy a home. Through the rera Telangana website, they can check all the latest news. Here are a few steps to do a RERA number check in Telangana:

1. Visit the official Website's homepage.

2. Now, click on the "Search Registered Projects and Agents" option from the tabs above to view all the approved projects.

3. This will take you to an external page that looks somewhat like this.

4. Here, you can conduct a RERA Telangana project search by entering the Project name, promoter's name, and the TSRera registration number.

5. You can also view project details and the land history of any concerned project by simply clicking on the icon under "View Certificate" or the "View Application" tab for application status. Something like this will show up.

Similarly, you can also conduct a Registered Agents Search by following the above steps.

Rules and Regulations Presented by RERA Telangana

Telangana State Real Estate Rules 2017 govern the regulations provided by RERA Telangana. The Telangana government gave builders notice in September 2018 that any project sanctioned on or after January 1, 2017, had to be registered with RERA in order to avoid penalties. According to Telangana's state government, the developers must put 70% of their investment into bank accounts to be used for the project's development and construction.

The registration price for any real estate project is 5 per square metre if the construction area does not exceed 1000 square metres. The registration fee for any real estate project is 10 per square metre of construction space that is greater than 1000 square metres. The registration price for commercial projects is $20 per square metre for those under a thousand square metres and $25 per square metre for those whose development area exceeds a thousand square metres.

If a real estate project is mixed, the registration price is 10 per square metre for construction areas under 1000 square metres and 15 per square metre for areas beyond 1000 square metres.

Every project approved by the agencies listed below on or after January 1, 2017, must abide by the rules outlined in the Telangana State Real Estate Rules 2017:

Urban Development Authority (UDA)

Telangana State Industrial Infrastructure Corporation (TSIIC)

Nagar Panchayat 

Municipalities

Director of Town and Country Planning (DTCP)

RERA Telangana Contact Number

The Telangana Real estate regulatory authority contact number as specified on their website is +91 9990333758. You can also reach them via WhatsApp on the same number.

RERA Telangana office

RERA Telangana office is situated in Hyderabad. Here is the official address of the RERA office in Hyderabad:

8-2-603/23/A/B/24, 2nd Floor, Road No. 10, Banjara Hills, Hyderabad

How To File Complaints Under Rera Telangana?

Here are the steps to file grievances on the RERA Telangana website:

• Visit the official RERA Telangana website here http://rera.telangana.gov.in/
• Select ‘Complaint Registration’ and proceed
• Fill form CI with all the details. Keep the fees receipt for future reference.  

The RERA Telangana has mainly been successful in improving the image of the real estate industry in the state resulting in increased investment and reliability. With so many registered projects and agent details at the tip of their hand, the buyers remain satisfied. They can easily access the project details whenever they want. Go through our blog section if you wish to know more about RERA in other states. You can also connect with our property experts, who can guide you through the RERA rules and regulations. We are waiting for your call!

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