RERA Tripura: RERA Registration Process, Eligibility & Fees

The Tripura Real Estate Regulatory Authority or Tripura RERA was first introduced in 2016; however, it was implemented later. Tripura became the first Northeastern state to introduce and implement RERA rules. The RERA Tripura authority looked after the entire real estate affairs of the state and gave the people a surety of hassle-free investment in the properties. 

With the Act in action, the real estate sector business started flourishing as more people began coming forward to buy properties. The regulation brought complete transparency to how the real estate industry works. People became aware of various charges they had to pay. Now, they know where to appeal and complain against delays in the project or advances taken from them without any agreement. 

To know more about RERA Tripura, such as what it is, how to view approved projects in the state, fees for filing appeals and complaints, and more, stay with us until the end of this blog! 

An Overview of Tripura RERA

The RERA Act in India has contributed to building a great trust between the property builder and investor. This ensures that the process of buying and selling can take place on good terms, and in case of any disputes, it can be appropriately handled. 

Various states and union territories of India have registered under this Act and have to obey a few rules and regulations for both the builder and buyer. In every state where this Act is applicable, one has to register to avail of the benefits. Also, all the real estate agents and promoters must get the RERA registration. 

Tripura Real Estate Regulatory Authority or Tripura RERA is helping the agents, builders, or promoters create good relations with the buyers. This way, the Government is trying to protect the real estate business of the state and the citizens.

Even though Tripura was the first state to implement RERA regulations in the Northeastern states of India, you would be surprised to know that it took the state almost three years to launch a RERA website to implement RERA Act in the state. RERA Tripura website was launched in December 2019. 

All About the Project Registration Fees for Tripura RERA

The Government has implemented some registration fees on the properties as per their sizes.

RERA Tripura Registration Fees for Real Estate Agents

The registration fees for real agents vary depending on the type of entity. They are as follows:

● For individuals, the registration fee of ₹ 10,000 will be applicable, while

● For other entities such as the society, company, partnership, etc., a registration fee of ₹ 50,000 will be applicable. 

● For any kinds of renewal activities – Rs. 5,000 (individuals), Rs. 25,000(others)

Fees for Filing Appeal and Complaint

In case you wish to file an appeal or complaint against the builders, real estate agents, or promoters involved with your project, you will have to pay the following fees:

● Rs.5,000 for filing an appeal with the Appellate Tribunal

● Rs 1,000 for filing a complaint with the authority

What is the Role of RERA?

The Government of India has tried and is still making efforts to make the process of property buying easier for both the builder and the investor so that no party feels betrayed by the other one. 

The government has introduced the RERA Act, especially in some states like the northeastern states in our country, where the real estate business is not that great. The Act has also tried imposing some rules and regulations for both the buyers and the builders while buying or selling a property. The basic rules are:

● Only 10% of the total property cost will be given to the builder or developer as an advance.

● Only the carpet area will be considered and counted.

● The investor is liable to get a refund of the total amount in case of a mind change in the buying decision.

● Approval from the buyer or the investor is mandatory before proceeding with any project.

● Original documents are to be submitted for verification by the builder or developer and returned to the buyer as it is.

● If the buyer faces any problem within the five years of buying the property, it must be solved. Furthermore, if any complaint is lodged, it must be addressed within thirty days. 

● The builder should pay compensation for any damage or loss the investor faces while completing the promised project.

How to Find RERA Approved Projects in Tripura?

Nowadays, due to the introduction of the Tripura RERA website, knowing about various important information, including details on RERA Approved Projects in Tripura, has become very easy and flexible. Most of the procedures can be done online with just a mouse click. To know about the Approved Projects of Tripura RERA, one has to follow the steps as described below:

Step 1: Visit the Tripura RERA website.

Step 2: Now click on the ‘Apply Online’ option available in the menu bar above (as shown in the picture below), and you will be redirected to the new page.

Step 3:  From the menu bar, click on the ‘List of Approved Projects’ option as shown below. 

Step 4: A page containing a list of all the approved projects on the website will appear on your screen.

And Voila! You are done. 

Implementation of RERA in Tripura

Tripura was the first state to launch and implement RERA among all the Northeastern states in India. The Tripura RERA website has been designed to help people access and operate it the easiest way possible. 

The website for Tripura RERA was launched in December 2019 by the Chief Minister of the state- Biplab Kumar Deb. The government introduced two websites- the e-municipalities portal and the Tripura-Real Estate Regulatory Authority (RERA) (rera.tripura.gov.in). These websites were launched to access real estate services through the portals easily. 

The websites were designed and developed by the Directorate of Information Technology, Government of Tripura.

The website allows real estate agents to register themselves and promoters to register their projects with authority. Moreover, anybody can view the registered and approved projects with RERA. If anybody wishes to contact the authority directly through the phone or via mail, they can do so by calling or sending them mail. People can also approach the RERA Tripura office. All the contact details are available on the website. 

The implementation of RERA not only uplifted the real estate industry in Tripura but also in other Northeastern states. It helped the agents and promoters to create a better term with the homebuyer. It offers transparency to people. 

Now, homebuyers can know the current status of their property. Although the state RERA is still undergoing various modifications, it will soon be developed and upgraded like any other state RERAs in India. 

Tripura RERA Office Address

Your State’s RERA

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