Is Rera applicable to small projects?

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Is Rera applicable to small projects?

Rera is not applicable only if the project is of lesser area i.e. less than 500 sq meters or the building has less than 8 apartments. Small Projects: If the project covers an area less than 500 sq meters or the building has less than 8 apartments, then such building does not require to get RERA registered.

Is RERA applicable in rural areas?

The projects are more than 50 in the state capital.” After implementing the Act in urban areas, RERA decided to take real estate projects in rural areas under its ambit. The official informed TOI, under section 3 of RERA Act, 2016. Developers in rural areas are provided with 90 days.

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Does a real estate project with less than 8 apartments need to be registered?

Q 1. If a real estate project has land area more than 500 sqmts but containing less than 8 apartments. Does it still need to be registered? Ans. Yes. Every real estate project which has land area more than 500 sqmts or has more than 8 apartments needs to be registered Q 2 .

Can a promoter include a building in his application of registration?

However, the promoter may include some buildings in his application of registration where apartments are proposed and the Building approvals are pending. Building Approval for the apartment must be obtained before the agreement for sale is signed between the promoter and buyer, regarding the said apartment.

Does the layout of a real estate project have to be approved?

Ans: Yes, the layout of the real estate project has to be approved. However, the promoter may include some buildings in his application of registration where apartments are proposed and the Building approvals are pending.

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What is the limit for the number of apartments to be developed?

(a) where the area of land proposed to be developed does not exceed five hundred square meters or the number of apartments proposed to be developed does not exceed eight units inclusive of all phases: 1. Land area to be developed 400 Sq. mtrs. And No. of apartments 9 – Yes registration required