CA Nitin Goyal, CA Aniket Goel
Comprehensive Guide for Registration of Real Estate Projects with Chhattisgarh Real Estate Regulatory Authority (CG-RERA)
Page Contents
“Real estate project” means:
for the purpose of selling all or some of the said apartments or plots or building, as the case may be and includes
Time-Line for obtaining registration:
Every promoter shall make an application to the Authority for registration of the real estate project in such form, manner, within such time and accompanied by such fee as may be specified by the regulations made by the Authority
Documents required for obtaining registration:
a) a brief details of the enterprise:
b) a brief detail of the projects launched by the promoter in the past five years: (Annexure-9)
c) an authenticated copy of the approvals and commencement certificate from the competent authority;
d) the sanctioned plan, layout plan and specifications of the proposed project;
e) the plan of development works to be executed;
f) the proposed facilities to be provided in the proposed project including fire fighting facilities, drinking water facilities, emergency evacuation services, use of renewable energy; (Annexure-12)
g) proforma of the allotment letter, agreement for sale, and the conveyance deed proposed to be signed with the allottees (Annexure-15)
h) Brief details of the current project (Annexure-11):
a. the location details of the project, with clear demarcation of land dedicated for the project along with its boundaries including the latitude and longitude of the end points of the project
b. the number, type and the carpet area of apartments for sale in the project
c. the number and areas of garage for sale in the project
i) the names and addresses of the real estate agents, if any, for the proposed project
j) the names and addresses of the contractors, architect, structural engineer, if any and other persons concerned with the development of the proposed project (Annexure-10)
k) a declaration, supported by an affidavit stating (In Form- B in Rs. 100 Notarized Stamp Paper)
Additional documents required for obtaining registration in the Chhattisgarh State as per Chhattisgarh Real Estate (Regulation and Development) Rules, 2017:
a) audited balance sheet of the promoter for the preceding financial year
b) income tax returns of the promoter for 3 preceding financial years
c) the number of open parking areas available in the said real estate project
d) copy of the legal title deed reflecting the title of the promoter to the land on which development is proposed to be developed
e) where the promoter is not the owner of the land on which development is proposed, details of the consent of the owner of the land along with a copy of the collaboration agreement, development agreement, joint development agreement or any other agreement, as the case may be, entered into between the promoter and such owner and copies of title and other documents reflecting the title of such owner on the land proposed to be developed
f) Chartered Accountant’s Certificate (in case of new project): To certify that no bookings, or no sums have been received towards the sale or booking of any apartments, plots or buildings, in respect of the proposed real estate project by the promoter (Annexure-1)
g) Chartered Accountant’s Certificate (in case of On-going project): To Certify the Estimated balance cost to complete the Real Estate Project , Balance receivables amount from sold plots/apartments/buildings , balance unsold area , estimated amount of sales proceeds in respect of unsold plots/apartments/buildings (Annexure-2)
h) Project Architect’s Certificate: To Certify the Percentage of Completion of Construction/ Development work (Annexure-3)
i) Engineer’s Certificate: To Certify the Cost Incurred/ Estimated Cost to Incurred for Development of the project (Annexure-4)
j) Chartered Accountant’s Certificate: To Certify the Cost of the Land, construction/ development cost, and the cost of the project (Annexure-5)
k) Brief Details of the Promoter along with passport size photographs (Annexure-13)
l) Title Search Report & Legal Scrutiny Report by the Advocate (Annexure-14)
Sr. No. | Type of Project | Fees (Rs. Per Square Meter),
When land proposed to be developed is |
Maximum Fees (Rs.) | ||
Up to 1000 Sq. Meter | More than 1000 Sq. Meter | ||||
1 | Constructed Development Projects | Residential | 5 | 10 | 5 Lakhs |
Residential and Commercial (Mixed) | 10 | 15 | 7 Lakhs | ||
Commercial | 20 | 25 | 10 Lakhs | ||
2 | Plotted Development projects | 5 | 2 Lakhs |
a) RERA shall within a period of 30 days from the date of receipt of application
b) If the Authority fails to grant the registration or reject the application within 30 days, the project shall be deemed to have been registered.
a. In case of non registration of a real estate project, promoter is liable to a penalty which may extend up to 10% of the estimated cost of the real estate project as determined by the RERA.
b. In case, promoter does not comply with the orders, decisions or directions issued by RERA, or does not get his project registered even after levying of penalty as per clause (a), then the promoter is punishable with imprisonment for a term which may extend up to 3 years or with fine which may extend up to a further 10% of the estimated cost of the real estate project, or with both.
If any promoter provides false information at the time of registration, he is liable to a penalty which may extend up to 5% of the estimated cost of the real estate project, as determined by the RERA.
(Disclaimer: This write up is based on the understanding and interpretation of authors and the same is not intended to be a professional advice.)
[The authors are Chartered Accountants and can also be reached at [email protected] and [email protected]]
plz provide specific format for land owner consent letter
Nice article. Please keep it up. It really covers the important aspect. The annexures referred in the article are available in CGRERA website: rera.cgstate.gov.in