Project Registration
Project registration is the cornerstone of regulatory compliance under the Real Estate (Regulation and Development) Act, 2016 (RERA). In Andhra Pradesh, ensuring your project is registered with AP RERA is not just a legal requirement—it is a vital step toward building credibility and protecting the interests of your allottees.
The Mandate: When is Registration Required?
Under Section 3 of the RERA Act, 2016, no promoter is permitted to advertise, market, book, sell, or offer for sale any apartment, plot, or building in a real estate project without first registering it with the authority.
Land Area
Projects where the land proposed to be developed exceeds 500 square meters.
Unit Count
Projects where the total number of apartments proposed exceeds eight (inclusive of all phases).
Exemptions
Registration is generally not required for renovation or repair projects that do not involve new marketing or allotment of units.
Key Sections Governing Project Registration
| Section | Subject Matter | Key Insight for Promoters |
|---|---|---|
| Section 3 | Prior Registration | Prohibits marketing or selling before securing an official RERA registration number. |
| Section 4 | Application Process | Mandates the disclosure of detailed project documents, including sanctioned plans, ownership titles, and financial disclosures. |
| Section 5 | Grant of Registration | Specifies that the Authority must grant or reject registration within 30 days. |
| Section 11 | Functions of Promoter | Requires the promoter to maintain a public web page with real-time updates on bookings, approvals, and construction status. |
| Section 4(2)(l)(D) | Separate Account | Requires depositing 70% of the amount realized from allottees into a separate escrow account for land and construction costs. |