The presence of a Real Estate Regulatory Authority acts as a defense mechanism for homebuyers. The RERA Act was set to infuse transparency in the realty sector, and it worked well. RERA MP came into existence on 10th May 2017. If you are a newbie to the real estate landscape, here is what you can’t miss out on to deal in the real estate sector.
Imitating the objectives and rules proposed through the RERA Act 2016, the Real Estate Regulatory Authority of Madhya Pradesh introduced the drafted rules on 10th May 2017. The objectives behind the introduction of MP RERA are assurance, providing fair treatment to buyers and developers, and inducing transparency in the system. Contrary to other state authorities, RERA Madhya Pradesh is implementing the RERA rules with utmost diligence.
Considering customer convenience, the RERA MP website was put forward. With single MP RERA login, you can access numerous services including project details, registration details, complaint forms, the latest updates, and much more. The availability of project registration under RERA through the online procedure had eased up the whole procedure.
This well-curated guide to RERA Madhya Pradesh comprises everything you might be looking for. Before investing in the real estate sector in Madhya Pradesh, get familiar with MP RERA rules and regulations. Keep scrolling to explore every dimension of RERA MP.
What is the RERA MP Act?
The Madhya Pradesh Government established the Real Estate (Regulation and Development) Act on 1st May 2017. With the launch of an online portal and the establishment of a permanent regulatory authority, the overall number of registration of projects and agents under this act has increased remarkably. Madhya Pradesh has significantly emerged as a foremost active state notably to implement MP RERA. RERA Madhya Pradesh was introduced in 2017 to boost homebuyers’ interest across the real estate sector. So far, 2850 projects have been registered under MP RERA amongst which 250 projects are still in progress. Additionally, there are 1800 registered promoters along with 650 RERA registered agents.
Impact of RERA MP on Real Estate Agent
RERA Act 2016, has made it mandatory for the Real Estate Agents to get registered with state RERA prior to facilitating any project and transaction. Promoters have to list the agents associated with a project at the time of project registration. If an agent isn’t associated with any project he is not permitted to carry out tasks associated with real estate projects. The most significant impact RERA created on agents is asking them to get registered for their betterment and to bring transparency among the existing and upcoming projects.
In case if an agent fails or escapes from the registration part, then he becomes liable to a penalty of INR 10,000. If still found as a defaulter, then this penalty amount gets extended to five percent of the project cost. It entirely depends upon the related sale or purchase.
Benefits of Implementation of MP RERA
MP RERA offered numerous benefits to the real estate sector. Nevertheless, if you are a promoter, developer, agent, or homebuyer, RERA MP has a lot to offer apart from satisfaction and secure investment. Here is a rundown of an array of benefits an individual gets with the infusion of RERA Madhya Pradesh.
- On-time delivery of projects: Any contract that the developer or allottee signs with Madhya Pradesh Housing Board should be completed in the given time frame. Late deliveries are not entertained and become liable for penalties. As per the RERA regime, construction properties should be completed as per the stipulated time mentioned in the signed agreement. It further helps to avoid unnecessary delays and prevents cost escalations.
- Guarantee: Properties and projects registered with RERA are bound to a 5-year guarantee. With RERA registered projects you unlock top-notch construction quality.
- No gimmick advertisements: The presence of the Real Estate Regulatory Authority ensures no misleading marketing strategies and advertisements take place. Genuine advertisements can take place only after the completion of the registration part.
How to Register Projects Under RERA MP
The following is the step-by-step process by which you can register your real estate project with the Real Estate Regulatory Authority in Madhya Pradesh. Initially begin with RERA MP login as it allows you to explore the registered projects along with their current status.
Step 1: You need to visit the official website of RERA Madhya Pradesh.
Step 2: Now you need to click on the “Registration” tab on the menu and click on ‘Project Registration’ from the resulting pop up menu. This will redirect you to the project registration page.
Step 3: Carefully go through the RERA registration MP instructions in order to add your project to the RERA web application and then click on the ‘Proceed’ tab to get redirected to the application form.
Step 4: Here you need to choose the promoter type and enter the required details like promoter details, bank, details, and details about the project. Upload the scanned copies of all the required documents and click on ‘Save’.
Step 5: This will redirect you to a payment gateway where you are required to pay the registration fees using credit card, debit card, or net banking.
Step 6: Click on ‘Confirm’ to successfully complete your application.
Documents Required for Registration
The following are the required documents for registering to RERA MP:
- Details of registration
- Passport size photographs
- Memorandum of Association
- Articles of Association
- Copy of Aadhaar card/PAN card of the promoter
- Passport size photos of chairman, director and all the other members if the promoter is an organization
- Copy of Aadhaar card/PAN card of the promoter, chairman, director and all the other members if the promoter is an organization
- Audited P&L account, Balance Sheet, IT returns, of the promoter for the last 3 years
- Copy of the deed title and other legal documents stating promoter’s legal claim to the property
- Non-encumbrance certificate issued by a revenue authority
- Details on any encumbrances on the property
- Copies of the commencement certificate and approvals as provided by the concerned authority
- Layout plan and specifications of the proposed project, as issued by an concerned authority
- A copy of the consent of plot owner to be furnished along with joint development agreement, if the promoter is not the legal owner of the land
- Copies of commencement certificates and approvals as issued by the concerned authority
- In case the proposed project is planned to be developed in phases, you will need a copy of commencement certificate and approvals for each planned phase
- Details and layout plans for the project as sanctioned by a concerned authority
- Address details of the project along with the geo location
- Details of the apartments in the proposed projects like number of flats, carpet area, balcony area, etc
- Copy of the allotment letter
- Sale Agreement
- Conveyance deed
- Number of garage areas for sale in the proposed project
- Open parking areas available in the proposed project
- Name and address of agents, architects, contractors, and engineers associated with the development of proposed project
- Form B along with affidavit
Searching for RERA Registered Projects and Promoters on RERA MP
The following is the step-by-step process to search for registered projects/promoter on Real Estate Regulatory Authority of Madhya Pradesh:
Step 1: You will need to log onto the official RERA Madhya Pradesh or RERA MP website.
Step 2: Click on the ‘Projects’ section.
Step 3: Here you will get a list of RERA registered projects together with in process applications, and list of completed, ongoing, delayed, suspended, and withdrawn projects as registered in RERA.
Step 3: Simply click on registered promoters to get a list of what you’re looking for.
How to Register a Project with RERA MP
You can register a real estate project on RERA by following the steps given below:
- Log on to the official Madhya Pradesh RERA website and click on the ‘Registrations’ tab to proceed
- You will be redirected to another page comprising a set of essential guidelines. Go through the guidelines carefully Mp rera projects
Registration Fees for Registering a Project under MP RERA Projects
The following are the rates for registering a real estate project on RERA according to the project type:
| Type of Project | Amount to be Paid | Formula Applied |
| Plotted Residential | Rs. 10/sq mt in multiplication with the applicable FAR( floor area ratio) for each plot, this includes plots for all health facilities, educational facilities, etc. Except roads and green areas | Area of plotted land (in sq mt) x FAR x 10 |
| Constructed Residential | Rs. 10/sq mt multiplied by the residential units’ total carpet area in addition with related construction, excluding shops. | (Constructions’ carpet area in sq mt x 10) in addition to ( commercial units’ carpet area in sq mt x 20) |
| Plotted Commercial | Rs. 20/sq mt in multiplication with FAR for commercial plots and plot that aren’t meant for residential use | Area of plotted land (sq mt) x FAR x 20 |
| Constructed Commercial | INR 20/sq mt in multiplication with the tendered carpet area of constructed commercial or non-residential units | Total commercial units and non-residential units carpet area multiplied by 20 |
| Mixed Projects | The fees will be calculated based upon the correlated proposed area of construction for non-residential as well as residential use; as provided the
recreational/educational/ health related facilities within a residential project will be considered as residential units. Shops shall be considered as commercial units. |
|
| For Ongoing Projects | ||
| Plotted Residential | Rs. 40/sq mt in multiplication with allowed FAR( floor area ratio) for every plot, this includes plots for all health facilities, educational facilities, etc. Except roads and green areas | Area of plotted land in sq mt multiplied by FAR x 40 |
| Constructed Residential | Rs. 40/sq mt in multiplication with proposed total carpet area notably for the residential units and related construction, excluding shops. | (Total carpet area of the proposed construction in sq metres multiplied by 40) +(carpet area encompassing commercial units in sq mt multiplied by 40) |
| Plotted Commercial | INR 80/sq mt x by FAR for specifically for the commercial plots or plots that are not meant for residential use | Area of actual plotted land ( square metres) multiplied by FAR x 80 |
| Constructed Commercial | INR 80/sq mt multiplied by the applicable carpet area of constructed commercial or non-residential units | Total carpet area for all commercial units along with non-residential units in sq. mt multiplied by 80 |
| Mixed Projects | The fees calculated are dependent on the proposed area for non-residential and residential use; Moreover, recreational, educational, as well as health related facilities will fall within residential projects and serve as residential units. Shops shall be considered as commercial units. |
How to Pay Registration Fee on RERA MP?
After you have calculated the charges for registration, the portal directs you to the payment page. Here you can choose a payment mode as per your preference i.e. credit card, debit card, or net banking. If the payable amount falls between Rs. 2001 to Rs. 1 Lakh, a transaction surcharge fee of 1% is applicable. If the payable amount is more than INR 1 Lakh, then you will be liable to pay a surcharge of INR 1000. There is no surcharge for amounts below Rs. 2000.
How to File a Complaint on RERA MP?
The following is the step-by-step RERA MP Complaint process to file your complaint with RERA:Step 1: Log on to the official Madhya Pradesh RERA website.
Step 2: Here you need to click on the ‘Complaints’ tab on the home page.
Step 3: Here you need to select either Form M or Form N, based on the nature of your complaint.
Step 4: After submitting the form, you will be redirected to the payment portal. Here you need to make your complaint registration payment, which is usually Rs. 1000. Your complaint will be successfully registered. Do remember to keep the complaint reference number in handy for future reference.
You can easily check the RERA MP complaint status by referring to the MP RERA website.
In addition to filing a complaint under MP RERA, you have to lodge a complaint by filling FORM M. At the same time for filing an appeal to the Adjudicating Officer you have to fill and submit FORM N.
FORM-M:
FORM-N
Contact Details for RERA MP
In case you need to get in touch with the regulatory authorities, the following are some of the ways you can do so:
Wrapping Up
The Real Estate Regulatory Authority was passed in Madhya Pradesh to streamline and restructure the real estate sector, which was uncoordinated. With the infusion of RERA Madhya Pradesh, the aim of boosting investments and safeguarding buyers is successfully accomplished. The best part is home buyers can easily look for registered MP RERA projects by exploring the official portal. The RERA MP complaint portal is at its best by resolving huge numbers of complaints in minimal time, at the same time others are in process.
Check Your RERA States
| RERA Act | Rera Haryana |
| Rera Punjab | Rera Delhi |
| Up Rera | Rera Mp |
| Rera karnataka | Rera Maharashtra |
| Rera Assam | Rera Jharkhand |
RERA MP FAQs – Frequently Asked Questions
What is the role of RERA?
The role of RERA is to regularize the real estate sector and bring transparency. Additionally, it focuses on the elimination of fraudulent activities and blacklists the projects which fail to cope with the RERA guidelines. It offers a mechanism to report and resolve fraudulent activities occurring across the real estate sector.
Who is RERA applicable to?
RERA applies to both parties involved in real estate transactions, including builder, promoter, contractor. Additionally, it applies to commercial as well as residential properties which are built for sale. Real estate projects encompassing an area of more than 500 sq. ft fall under RERA.
Are open parking spaces a part of common areas?
Yes. Section 2(n) defines open parking areas as a part of common areas. This means that open parking areas cannot be sold to any buyer.
Does the act cover both residential and commercial real estate?
Yes, the act covers both residential and commercial real estate. Section 2(e) defines an apartment, while Section 2(j) defines buildings that include both commercial and residential units.
When can a promoter start to advertise his project for sale?
A promoter can start advertising his real estate project only after the project has been successfully registered with RERA as dictated in section 3(1).
