{"id":14803,"date":"2020-08-14T11:56:58","date_gmt":"2020-08-14T06:26:58","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=14803"},"modified":"2020-08-14T11:56:59","modified_gmt":"2020-08-14T06:26:59","slug":"rera-project-registration-process-in-state-of-punjab","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/","title":{"rendered":"RERA Project Registration process in State of Punjab"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The RERA Act, 2016, was enacted by the Government of India on May 1, 2016. RERA Act covers both new project launches and the ongoing projects which have not been completed or the occupation certificate not received. It makes an obligatory on a part of the builders not to book, sell or offer for sale, or invite persons to purchase any apartment, plot, or building in any real estate project registration with authority. To fulfill the RERA Act&#8217;s objectives, the Punjab government notified Real Estate (Regulation and Development) Rules on June 8, 2017.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Objectives_of_RERA_Punjab\" >Objectives of RERA Punjab<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Project_Registration_Process_under_RERA_Punjab\" >Project Registration Process under RERA Punjab<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Documents_required_for_the_Real_Estate_Project_Registration\" >Documents required for the Real Estate Project\nRegistration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Additional_Documents_as_required_for_Project_Registration\" >Additional Documents as required for Project Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Grant_or_Rejection_of_the_Project_Registration\" >Grant or Rejection of the Project Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Extension_of_registration_of_real_estate_project\" >Extension of registration of real estate project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/rera-project-registration-process-in-state-of-punjab\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Objectives_of_RERA_Punjab\"><\/span>Objectives of RERA Punjab<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Real Estate Regulatory Authority of Punjab strives to fulfill the objectives in full measure. Having <a href=\"https:\/\/corpbiz.io\/rera-registration\"><strong>RERA registration<\/strong><\/a> will promote the balanced development of the sector and maintain the interest of all stakeholders. The objectives behind the promulgation of the Act are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"619\" height=\"510\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-57.png\" alt=\"RERA Punjab\" class=\"wp-image-14805\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-57.png 619w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-57-300x247.png 300w\" sizes=\"(max-width: 619px) 100vw, 619px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Project_Registration_Process_under_RERA_Punjab\"><\/span>Project Registration Process under RERA Punjab<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li><strong><em>According to Section 3,<\/em><\/strong> a promoter cannot advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building in any real estate project in any planning area, without having real estate project registration with the Real Estate Regulatory Authority established under this Act.<\/li><\/ol>\n\n\n\n<p>It is provided that projects that are ongoing on the date of commencement of the Act but completion certificate have not been issued. The promoter must make an application to the authority for project registration within a period of <strong><em>3 months<\/em><\/strong> from the date of commencement of the Act.<\/p>\n\n\n\n<p><strong>2. <\/strong>Every promoter must make an application to the authority for real estate project registration in such a manner within time and accompanied by required fees as may be prescribed by the regulations made by the authority.<\/p>\n\n\n\n<p><strong>3<\/strong>. On receipt of an application under <strong><em>sub-section (1) of section 4<\/em><\/strong>, the authority must <strong><em>do the following within a period of 30 days<\/em><\/strong>:<\/p>\n\n\n\n<ul><li><strong><em>Grant real estate project registration<\/em><\/strong> subject to the provisions of this Act, and provide a registration number. Also, provide a Login Id and password to an applicant for accessing a website of the authority and create his web page to fill in the details of the proposed project.<\/li><li><strong><em>Reject the application<\/em><\/strong> for reasons to be recorded in writing, if such application does not conform to the provisions of the Act. It is provided that no application will be rejected unless the applicant has been given an opportunity to be heard. <\/li><li>The authority may extend the real estate project registration <strong><em>granted under section 5<\/em><\/strong> on an application made by a promoter due to force majeure, in such form and on payment of such fee as may be prescribed by regulations made by the authority. The real estate project registration granted can be <strong><em>extended by the authority<\/em><\/strong> on an application made by the promoter up to a <strong>period of 1 year<\/strong>. <\/li><\/ul>\n\n\n\n<p><strong>4<\/strong>. The authority on receipt of a RERA complaint or suomotu on this behalf or the recommendation of the competent authority can <strong><em>revoke the real estate project registration granted under section 5<\/em><\/strong>, in the following:- <\/p>\n\n\n\n<ul><li>If the promoter does any default in doing anything required by or under the Act or the rules or the regulations <\/li><li>If the promoter violates the terms or conditions of an approval given by the competent authority<\/li><li>If the promoter gets involved in any unfair practice or irregularities<\/li><\/ul>\n\n\n\n<p><strong>5<\/strong>. If the lapse of the real estate project registration or on the <strong><em>revocation of the registration<\/em><\/strong> under the Act, the authority can consult the appropriate Government to take such action as it may deem fit, including the carrying out of the remaining development works by competent authority the association of allottees.<\/p>\n\n\n\n<p>It is provided that no direction, decision, or order of the authority will take effect until the expiry of the period of appeal provided under the provisions of this Act. It is provided further that in case of revocation of registration of a project under this Act, the association of allottees must have the first right of refusal for carrying out of the remaining development works.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/project-registration-under-rera-telangana\/\">Project Registration under RERA Telangana<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_the_Real_Estate_Project_Registration\"><\/span>Documents required for the Real Estate Project\nRegistration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>According to section 4 subsection (2) the following\ndocuments requires for the real estate project registration:<\/em><\/strong><\/p>\n\n\n\n<ul><li>The details including the address, name, type of enterprise and the particulars of registration, and the names and photographs of the promoter<\/li><\/ul>\n\n\n\n<ul><li>The brief details of the projects\nlaunched by him, in the past five years, whether already completed or being\ndeveloped, including the current status of the said projects, any delay in its\ncompletion, details of cases pending, details of the type of land and pending\npayments<\/li><\/ul>\n\n\n\n<ul><li>An authenticated copy of the\napprovals and commencement certificate from a competent authority obtained in\naccordance with the laws as applicable for the real estate project registration.\n<\/li><\/ul>\n\n\n\n<ul><li>The competent authority\nsanctions the layout plan, sanctioned plan, specifications of the proposed\nproject or the phase thereof, and the whole project.<\/li><\/ul>\n\n\n\n<ul><li>The development plan is to be\nexecuted in the proposed project and the proposed facilities to be provided\nthereof, including fire fighting facilities, drinking water facilities,\nemergency evacuation services, and renewable energy use.<\/li><\/ul>\n\n\n\n<ul><li>The location details of a\nproject, with clear demarcation of land dedicated to the project and its\nboundaries including the latitude and longitude of the project&#8217;s endpoints<\/li><\/ul>\n\n\n\n<ul><li>An allotment letter, agreement\nfor sale, and the conveyance deed proposed to be signed with the allottees.<\/li><\/ul>\n\n\n\n<ul><li>The number, type, and a carpet\narea of apartments for sale in the project along with the area of the exclusive\nbalcony or verandah areas and the exclusive open terrace areas of the apartment<\/li><\/ul>\n\n\n\n<ul><li>The number and the areas of a garage for sale in the real estate project <\/li><\/ul>\n\n\n\n<ul><li>&nbsp;The names and the addresses of his real estate\nagents, for the proposed project.<\/li><\/ul>\n\n\n\n<ul><li>The names and the addresses of\nthe contractors, architect, structural engineer, and other persons concerned\nwith the development of the proposed project<\/li><\/ul>\n\n\n\n<ul><li>A declaration, supported by an\naffidavit, which must be signed by the promoter or any person authorized by the\npromoter<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Additional_Documents_as_required_for_Project_Registration\"><\/span>Additional Documents as required for Project Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The promoter must furnish the following additional\ninformation and documents, along with those specified in section 4 for\nregistration of the real estate project with authority<\/em><\/strong>:<\/p>\n\n\n\n<ul><li>An authenticated copy of PAN card of a promoter<\/li><\/ul>\n\n\n\n<ul><li>An annual report including\naudited profit and loss account, balance sheet, cash flow statement, Director\u2019s\nreport and the auditor\u2019s report of the promoter for the immediately preceding 3\nfinancial years<\/li><\/ul>\n\n\n\n<ul><li>An authenticated copy of the\nlegal title deed reflects the title of the promoter to the land on which\ndevelopment of the project is proposed and legally valid documents for change\nof title with authentication of the title.<\/li><\/ul>\n\n\n\n<ul><li>The details of encumbrances on land on which development of the project are proposed include details of any rights, title, interest, dues, litigation, and name of the party in or over such land.<\/li><\/ul>\n\n\n\n<ul><li>If a promoter is not the owner\nof the land on which development of the real estate project is proposed,\ndetails of the consent of the landowner and a copy of the collaboration agreement,\ndevelopment agreement, joint development agreement, or any other agreement.<\/li><\/ul>\n\n\n\n<ul><li>The name, contact details,\nphoto, and address of the promoter if it is an individual and the name, photograph,\ncontact details and address of the Chairman, partners, Directors,and the\nauthorized person in case of other entities.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Forms in Real Estate Project Registration<\/h3>\n\n\n\n<ul><li>An application made to the authority for real estate project registration\nof real estate project must be made in writing in <strong>Form A<\/strong>.<\/li><\/ul>\n\n\n\n<ul><li>The declaration required to be submitted under <strong><em>clause (I) of sub-section (2)<\/em><\/strong> of<strong><em> section 4<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Section_4\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> of the Act, must be in <strong>Form B<\/strong> which shall include a declaration stating that the promoter will not discriminate against any allottee at the time of allotment of any apartment, plot or building. However, the promoter can charge different rates from allottees for plots or apartments for different locations, specifications, and at different times.<\/li><\/ul>\n\n\n\n<ul><li>On the revocation of real estate project registration as per <strong>section 7,<\/strong> the authority must inform\nthe promoter about such revocation in <strong>Form\nD.<\/strong><\/li><\/ul>\n\n\n\n<ul><li>The promoter has to pay the registration fee by way of demand draft for\na sum calculated at the rate given in Schedule-1 as amended from time to time.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Grant_or_Rejection_of_the_Project_Registration\"><\/span>Grant or Rejection of the Project Registration <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>The grant of real estate\nproject registration must be as per section 5 read with rule 3 and rule 4. The\nauthority must issue a registration certificate <strong><em>within a period of 30 days<\/em><\/strong>\nwith a registration number in <strong>Form C<\/strong>\nto the promoter.<\/li><\/ul>\n\n\n\n<ul><li>In case of a rejection of the\napplication as per section 5, the authority must inform the applicant in <strong>Form D<\/strong>. It is provided that the\nauthority will grant an opportunity to the applicant to rectify the defects in\nthe application within such period as may be prescribed by it. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Extension_of_registration_of_real_estate_project\"><\/span>Extension of registration of real estate project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>&nbsp;Under the Act, the registration granted may be extended by the authority, on an application made by the promoter in <strong>Form E, <em>within 3 months<\/em><\/strong> before the expiry of the registration granted.<\/li><\/ul>\n\n\n\n<ul><li>The application for extension of registration must be accompanied by a demand draft or cheque drawn on any scheduled bank or online payment mode. The amount must be equivalent to half the registration fees specified under sub-rule (4) of rule 3. The reasons must be stated for the delay in completing the real estate project and the requirement for the extension of real estate project registration and documents. It is provided that where the promoter is made to apply for extension forcefully of real estate project registration, <strong><em>he must not be liable to pay any fee<\/em><\/strong>.<\/li><\/ul>\n\n\n\n<ul><li>In case of <strong><em>extension of real estate project registration<\/em><\/strong>, the authority must inform the promoter about such extension in <strong>Form F<\/strong>. In case of <strong><em>rejection of the application for extension of registration<\/em><\/strong>. The authority must inform the promoter about such rejection in <strong>Form D.<\/strong> It is provided that the authority will grant an opportunity to the promoter to rectify the defects in the application within such time period as may be prescribed by it.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Punjab RERA Registration portal was designed to register real estate projects, real estate agents, and <a href=\"https:\/\/corpbiz.io\/rera-complaint\"><strong>RERA complaints<\/strong><\/a> relating to real estate in the State of Punjab. The primary aim of the Act is to safeguard the interests of consumers in the real estate sector and to include transparency and accountability between homebuyers and developers or real estate agents. We at <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a> help our clients in registering the projects under RERA and assure them complete guidance regarding the same.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/imposition-of-late-fees-on-non-registration-of-real-estate-project-by-aprera\/\">Imposition of late fees on non-registration of real estate project by APRERA<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The RERA Act, 2016, was enacted by the Government of India on May 1, 2016. RERA Act covers both new project launches and the ongoing projects which have not been completed or the occupation certificate not received. It makes an obligatory on a part of the builders not to book, sell or offer for sale, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":14821,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[182],"tags":[875],"acf":{"service_id":"102"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.","postViews":5743,"readingTime":7,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/14803"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=14803"}],"version-history":[{"count":11,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/14803\/revisions"}],"predecessor-version":[{"id":14822,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/14803\/revisions\/14822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/14821"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=14803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=14803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=14803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}