RERA full form in real estate is Real Estate Regulatory Authority. It is a statutory authority established under the Real Estate (Regulation and Development) Act, 2016, enacted in India to regulate as well as promote transparency in the real estate sector. The RERA Bill was passed by the Rajya Sabha on 10th March 2016 and by the Lok Sabha on 15th March 2016.
It received the assent of the President on 25th March 2016, after which it finally became a law. Certain provisions of the Act came into force on 1st May 2016. The remaining provisions of the Act became effective from 1st May 2017. For protecting the interests of homebuyers and ensuring fair practices in property-related transactions, it is an essential piece of legislation.
RERA full form is Real Estate Regulatory Authority. It was established under Section 20 of RERA Act 2016. As per 20 (1) of the Act, “The appropriate Government shall, within a period of one year from the date of coming into force of this Act, by notification, establish an Authority to be known as the Real Estate Regulatory Authority to exercise the powers conferred on it and to perform the functions assigned to it under this Act.”
RERA is responsible for regulating the real estate sector, promoting transparency, ensuring delivery of real estate’s projects in a timely manner and protecting the interests of the homebuyers. It is important to know that RERA isn’t a single authority. Rather, it is a decentralized, union territory/state level authority. Accordingly, the estate projects are registered, monitored and regulated at the respective State/UT level in compliance with the provisions of RERA Act.
The authority compels the developers to adhere to the project completion timelines. If a developer does not deliver in a timely manner, they are liable for penalties and compensations. This way, RERA works to protect the interests of the homebuyers.
The RERA has the following key objectives:-
One of the primary aims of RERA is to protect the interests of the homebuyers and prevent them from frauds, misleading advertisements and delays pertaining to real-estate projects.
Another key goal of this authority is to regulate the real-estate sector to ensure there’s transparency and efficiency in the sector.
It aims to regulate the developers by mandating them to disclose project details (including layouts, approvals and timelines) and register their projects.
One of the main objectives of RERA is to provide a speedy resolution mechanism for resolving complaints between buyers and developers.
To check if a property is registered with RERA, you need to follow the steps we have explained below:-
RERA registration is handled by state/UT level authorities. So, you must visit the official website of RERA for the state or UT in which the property is located to check if it is RERA registered. Look for the search option on the website where you can enter the project details in order to find out the RERA registration status.
In the search option, you must enter your RERA registration number. In case you do not have this no., you can usually search by other options like the project name, name of the developer or the name of the builder. The exact details to be entered depend on the exact state or UT’s RERA portal.
Once you enter the required information, the RERA portal will show the project details you searched for. Generally, you will be able to check these details: project name, developer name, project start date and end date, project status and sanctioned plan’s details.
The website of RERA will indicate whether the project is registered, approved and compliant with the regulations. If the search option of the RERA doesn’t reflect the project, it means the project isn’t registered with RERA. In this case, you must proceed with caution.
Some RERA portals may allow you to check additional information like the builder’s history, complaints and penalties. Make sure to check them carefully to get an idea about the builder and how they have been operating.
RERA full form is Real Estate Regulatory Authority, which was established u/s 20 of the RERA Act 2016. It works to ensure the real estate sector’s fair, ethical and orderly growth. In every state and union territory in India, there is a Real Estate Regulatory Authority. If you want to check whether a project is registered with RERA, you must visit the official RERA portal of the state/UT where the project is located. Then, you must use the search option where you can enter the RERA registration number or other information to check the details of the project.
Also Read: Top 10 Real Estate Companies in India
Q1. What is RERA full form?
A. The full form of RERA is Real Estate Regulatory Authority.
Q2. Where is the RERA Office in Delhi?
A. The RERA Office for the National Capital Territory of Delhi is located in Central Delhi. The exact address for the office is: 2nd Floor, Shivaji Stadium Annexe Building, Shaheed Bhagat Singh Marg, New Delhi - 110001.
Q3. When did RERA Act 2016 come into force?
A. The Act came into force on 1 May, 2016. However, back then, only 69 sections were notified. The remaining provisions of the Act came into force on 1 May, 2017.
Q4. Under which Act was the RERA established?
A. RERA was established under the Real Estate (Regulation and Development) Act, 2016.
Q5. Is RERA registration mandatory?
A. Yes, this registration is mandatory for all the residential and commercial projects where the land is more than 500 sq. meters or where the number of apartments is more than 8.
I’m Manish Kumar, a content management professional with expertise in financial and regulatory matters. I specialize in turning complex compliance and incorporation concepts into clear, practical insights. As a regular contributor to the Registrationwala portal, I write about finance, taxation, government schemes, company formation, and statutory compliance. My focus is to provide accurate, up-to-date information that helps readers understand regulatory developments and their real-world implications.
Want to know More ?
Transform your Business.
