RERA Chattisgarh helps in bringing transparency in the Real Estate transactions of the state. It is mandatory for project developers and agents to register with RERA CG. Follow this space to know more on RERA Chhattisgarh.

The Indian government had introduced the Real Estate (Regulation and Development) Rules (RERA) in 2016-17 to protect home buyers from project delays and other issues related to the real estate industry. Chhattisgarh was among the first states in India to implement the RERA rules in the country to address the problems of home buyers and eliminate pain points in home buying.

Since its inception, RERA has proved to be a bliss for home buyers. The legislation ensures greater transparency in project marketing and execution by real estate developers, providing more confidence to home buyers to put their money in properties.

Chhattisgarh RERA: History 

RERA came into effect in Chhattisgarh in November 2017, as Section 84 of the Act made it compulsory for all states to implement the legislation within six months of the Act being enforced.

The state government had introduced Chhattisgarh Real Estate (Regulation and Development) Rules, 2017, to implement the various provisions under the legalisation in the state.

Chhattisgarh RERA 

Under Chhattisgarh RERA also known as CG RERA, real estate developers have to register all their commercial and residential projects with Chhattisgarh’s Real Estate Regulatory Authority. Homebuyers planning to buy a home or investors looking to put their money in real estate projects should check if the project is registered with the regulatory authority or not.

RERA Registration for Developers @ rera.cgstate.gov.in 

Here are the crucial steps developers must take to register on CG RERA

Step 1: Visit the official RERA Chhattisgarh Website at https://rera.cgstate.gov.in/.

Step 2: On the home page, click on the “Registration” option.

Step 3: Click on the “Promoter/Project” option from the dropdown menu.

Step 4: Select the “Online Application – Promoter (Saral)” option.

Step 5: On the new page, you will be given two options: “New Promoter” or “Existing Promoter”.

Step 6: Select the “New Promoter” if you want to register as a promoter with Chhattisgarh RERA.

Step 7: On the new page, enter details such as promoter information, members details, project details, and payment details, among others.

Step 8: Click on the pledge button, ensuring that the developer hasn’t undertaken a project in the past five years.

Step 9: Click on the “Save & Submit” option to register as a promoter with ChhattisgarhRERA.

RERA Registration for Real Estate Agents @ rera.cgstate.gov.in 

In case of real estate agents, the steps to register with CG RERA are as follows:

Step 1: Go to Chhattisgarh RERA’s official website at https://rera.cgstate.gov.in/.

Step 2: On the home page, click on the “Registration” button.

Step 3: Select the “Real Estate Agent” option from the dropdown menu and click on the “Online Application” button.

Step 4: Complete the registration process by entering details such as business, member and payment information.

Step 5: After verifying your information, click on the submit option to complete your application to register the business with Chhattisgarh RERA.

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Number of Registrations in RERA Chhattisgarh

Here is a count of the total number of registrations across the RERA Chattisgarh portal.

Registrations	Number of Registrations
Registered Projects	1685
Registered Promoters	1389
Registered Agents	776
Disposed Complaints	1840

Chhattisgarh RERA Exception Cases

There are certain exceptions wherein developers don’t have to register the real estate projects under ChhattisgarhRERA. These are:

• The project area does not exceed the 500 sq metres cap placed by ChhattisgarhRERA.
• The project has eight or fewer apartments.
• The developer has already received a completion certificate.

RERA Chhattisgarh Fees

Learn all about the fees applicable to real estate developers, commercial projects, and for real estate agents.

For Real Estate Developers

Project area less than 1,000 square metres: Rs 5 per sq. m.

Project area over 1,000 square metres: Rs. 10 per sq. m.

For Commercial Projects

Project area less than 1,000 square metres: Rs. 20 per sq. m.

Project area more than mentioned limit: Rs 25 per sq. m.

Area less than 1,000 square metres (Both commercial and residential units): Rs 10 per sq. m.

Area exceeds 1,000 square metres: Rs 15 per sq. m.

For Real Estate Agents

Individual Applications: Rs 10,000 registration fee and Rs Rs 5,000 renewal fee

Non- individual applicants: Rs 50,000 registration fee and Rs 25,000 renewal fee

Chhattisgarh RERA Rules:

The penalties by RERA Chattisgarh for non-compliance of its rules is as follows:

1. Chhattisgarh RERA – Interest penalty on project delay:

One of the major rules of Chhattisgarh RERA is that the developer has to pay interest for delay in possession of an apartment, plot or building, as defined in terms of the agreement for sale. The developer has to pay the interest mentioned in terms of sale for every month of delay.

2. Chhattisgarh RERA – Refund in case of non-completion:

If the buyer is unable to complete the project, investors are entitled to receive a complete refund on the amount paid along with interest.

3. Chhattisgarh RERA – Sharing Project Updates:

Developers have to share quarterly updates on the status of all the projects registered under RERA as part of Chhattisgarh RERA rules.

4. Chhattisgarh RERA – Cap on Advance Deposit:

Under RERA rules, builders are not allowed to accept over 10% of the total cost of the property as advance payment without signing an agreement for sale with the party.

5. Chhattisgarh RERA – Escrow Account Rules:

Builders are required to deposit 70% of the funds, collected from the buyers in the promise of delivering the project, in an escrow account. Chhattisgarh RERA makes it mandatory for developers to use the funds only for land purchase and construction purposes.

6. Chhattisgarh RERA – Project Advertisement Rules:

According to rules, developers are required to share all the facilities and amenities mentioned in project advertisements or prospectus with RERA’s official portal.

7. Chhattisgarh RERA – Penalty On Not Registering:

Real estate agents have to pay a penalty of Rs 100,000 per day for not registering with the CG RERA. The upper limit on the penalty is set at 5% of the cost of the project sold without a registration number from the authority.

Filing Complaints With CG RERA 

For filing a complaint against a dealer with the Chhattisgarh RERA, a buyer needs to go through the following steps:

Step 1: Buyers first need to visit the official website of Chhattisgarh RERA, which is https://rera.cgstate.gov.in/

Step 2: Click on the “Complaints” option, select the Form-M option.

Step 3: On the new page, select the “New Complaint” option.

Step 4: Now, you have to first select if you’re a promoter or real estate agent or both, followed by entering other necessary details required to lodge a complaint.

Buyers need to pay Rs 1000 to lodge their complaints with Chhattisgarh RERA.

Benefits of RERA Chhattisgarh

There are several having the Real Estate Regulatory Authority in place, especially in Chhattisgarh. Following are the benefits of RERA Chhattisgarh.

Buyer

Having RERA in place is a great help for the buyers as it not only helps in improving the transparency in transactions but helps in case of a dispute as well. The following are the benefits of RERA for the buyer:

• Quality product delivery.
• Timely delivery of the project.
• Transparency in the utilization of money spent by the buyer.
• Significant buyer protection in case of delays or delays caused by the developers.
• Better treatment to the buyers in case of buyers
• A balanced agreement is beneficial to both the buyer and the developer.

Developer 

RERA Chattisgarh ensures that there are several benefits for the developers as well. The following are the benefits:

• Higher and better investment
• Increased efficiency in project delivery
• Corporate branding
• Project completion in time

Chhattisgarh RERA – Jurisdiction Rules

CG RERA rules provide buyers with the option to file an appeal before the Appellate Tribunal if they are not satisfied with the decision of Chhattisgarh RERA. They can also move to the state High Court if they are not satisfied with the decision of the respective tribunal.

Property buyers have to pay Rs 5,000 to file a complaint with the Appellate Tribunal against a decision made by Chhattisgarh RERA. You can file your complaint by downloading the form from the official website.

RERA Chhattisgarh Regulations Based on RERA Act

The following regulations are established by RERA Chhattisgarh under the RERA Act. Here is the list of the regulations.

1. Once the project plan and design is approved, the builder is not allowed to make any changes in the design. If the changes are absolutely necessary then the builder will have to take a written consent from all the home buyers.
2. If due to negligence of the builder, a home buyer faces loss of property then the buyer can file for compensation from the builder. Also, in such a case the builder is liable to pay the home buyer.
3. If an issue arises with the property purchased the buyer can file a complaint and the builder will have to get the problem resolved within 30 days. Till 5 years after purchase of property the buyer can file this complaint.
4. During the marketing of the project, it is mandatory for the builder to mention the carpet area of the project and not just the super-built-up area.

CG RERA Office Address 

Find details of the Chhattisgarh RERA Office Address as below:

Real Estate Regulatory Authority, Shashtri Chowk, Raipur, Chhattisgarh 492001.

Chhattisgarh RERA: Latest Updates 

With the COVID-19 pandemic in place, Chhattisgarh’s Real Estate Regulatory Authority had started hearing complaints under RERA via video-conferencing to address the issues of homebuyers in a better way till the time physical hearing restarts.

Summing Up on RERA Chhattisgarh 

The Chhattisgarh RERA was formed in November 2017 under the RERA Act. Under the RERA Chhattisgarh, the promoters need to register their projects with the authority to sell their projects.

The agents need to register themselves under the RERA Chhattisgarh to deal in the sale and purchase of RERA-registered projects. In addition to the project registration and real estate agent registration, promoters can pay the fee for the registration. Buyers can also register their complaints, if any, against the promoters to the RERA Chhattisgarh authority.

The RERA Chhattisgarh portal also has details related to interest penalties on delays in projects, project updates, escrow account rules, and penalties on no registration of projects, among others.