Madhya Pradesh RERA Registration - The All You Need to Know Guide

Madhya Pradesh RERA Registration – The All You Need to Know Guide

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One of the states in India, which has been very active in terms of implementing the rules and regulations of the Real Estate Act is Madhya Pradesh, which has over 2,640 registered projects and 244 projects for which the registration is under progress. There are as many as 1,897 promoters and 677 real estate agents registered with the Madhya Pradesh Real Estate Regulatory Authority (MP RERA), as of June 4, 2020.

What is the MP RERA Act?

Madhya Pradesh had notified the Real Estate (Regulation and Development) Act (RERA) on October 22, 2016. The state govt has already launched an online portal and a permanent regulatory authority.

Government of Madhya Pradesh implemented the Real Estate (Regulation and Development) Act and established the Madhya Pradesh Real Estate Regulatory Authority on May 1, 2017.

The primary objective of MP RERA is similar to that of other states’ real estate laws—protects consumers against non-compliant operators by setting up effective dispute resolution mechanisms. It also enables stricter enforcement via civil penalties and criminal prosecution for violations.

Who needs to register under MP RERA?

Every developer, broker and salesperson involved in a real estate project must register their entity with MP RERA. If you fail to do so, you will be penalized and your residential and commercial projects will be stalled. This includes: Project Promoters: They are anyone who proposes a new development or is responsible for managing an existing one. Development Agencies: These are self-sufficient legal entities that can take responsibility for managing entire communities, called gated societies. Developers’ Associations: These are voluntary associations of developers, formed at state or district level, that work together on common concerns.

List of documents required for registration

It is mandatory for you to submit your documents in support of your application. Documents which are usually required are as follows: Photocopy of PAN Card or Form 60, Copy of proposed declaration or Memorandum & Articles of Association, 2 Latest Passport Size Photographs, Proof of Identity and Address. Original copies need to be submitted with application after registration at RERA. Besides above documents it is mandatory for Registrant under Real Estate Act 2016 to submit a certificate showing that there is no litigation pending against him/her/entity relating to real estate business from any Court/Tribunal in India.

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