Haryana, a prominent state in North India, has witnessed significant growth in its real estate sector. To ensure transparency and protect the rights of both homebuyers and developers, the Haryana Real Estate Regulatory Authority (Haryana RERA) was established in 2017. This article serves as a one-stop guide for anyone seeking to understand the intricacies of Haryana RERA.
Article Contents
What is Haryana RERA?
Haryana RERA is a regulatory body formed under the Real Estate (Regulation and Development) Act, 2016 (RERA). It functions with two separate wings:
- Haryana Real Estate Regulatory Authority, Gurugram (HRERA Gurugram): This wing caters to Gurugram district and its adjoining areas.
- Haryana Real Estate Regulatory Authority, Panchkula (HRERA Panchkula): This wing oversees the rest of Haryana state.
Objectives of Haryana RERA
Haryana RERA’s primary objectives are to:
- Promote transparency: By ensuring project details, carpet area calculations, and financial transactions are transparently disclosed by developers.
- Protect homebuyers’ rights: By establishing a grievance redressal mechanism for disputes arising between developers and homebuyers.
- Regulate the real estate sector: By streamlining project registration, promoting fair practices, and ensuring timely project completion.
Benefits of Haryana RERA for Homebuyers
Homebuyers in Haryana enjoy several advantages due to Haryana RERA:
- Informed decisions: Project registration with Haryana RERA mandates developers to disclose crucial information like project plans, approvals, carpet area specifications, and completion timelines. This empowers homebuyers to make informed investment decisions.
- Protection from delays: RERA mandates developers to deposit 70% of the collected funds from buyers into a separate escrow account. This ensures timely project completion and safeguards against delays caused by fund mismanagement.
- Grievance redressal: In case of disputes with developers regarding delays, quality issues, or non-compliance with agreed-upon specifications, homebuyers can file complaints with Haryana RERA for a swift and fair resolution.
Benefits of Haryana RERA for Developers
While ensuring buyer protection, Haryana RERA also benefits developers in the following ways:
- Streamlined approvals: RERA facilitates a single-window clearance system for project approvals, potentially expediting the process.
- Enhanced buyer trust: By adhering to RERA regulations, developers build trust with potential buyers, leading to increased sales and a positive brand image.
- Dispute resolution: RERA provides a structured framework for resolving disputes with buyers, minimizing litigation and fostering a more professional business environment.
Who Needs to Register with Haryana RERA?
Real Estate Developers
Under Haryana RERA, any real estate developer undertaking a project with:
- A minimum land area of more than 500 square meters (approximately 5,382 square feet)
- Eight or more apartments
needs to mandatorily register their project with the relevant Haryana RERA authority (Gurugram or Panchkula).
Real Estate Agents
Real estate agents who facilitate the sale or purchase of properties within RERA-registered projects must also register themselves with Haryana RERA.
How to Register a Project with Haryana RERA?
The project registration process for developers involves:
- Creating an account on the Haryana RERA website (https://haryanarera.gov.in/).
- Uploading project details: This includes project plans, approvals, carpet area calculations, amenities offered, and proposed completion timelines.
- Payment of registration fees: The fee structure varies depending on the project size and location.
Haryana RERA Registration Fees
| Project size (in square meters) | Registration Fee (as of June 2024) |
|---|---|
| Up to 1,000 sq m | 10,000 INR |
| 1,001 sq m to 5,000 sq m | 25,000 INR |
| Above 5,000 sq m | 50,000 INR |
How to File a Complaint with Haryana RERA?
Homebuyers facing issues with developers registered under Haryana RERA can file a complaint online through the Haryana RERA website. The process involves:
- Registration: Creating an account or logging in to an existing account.
- Complaint filing : Providing details like project name, developer information, nature of the complaint (delay, defect, etc.), and supporting documents.
- Fee payment: A nominal fee is applicable for filing the complaint.
Timelines and Dispute Resolution Process
Haryana RERA mandates a time-bound dispute resolution process:
- Conciliation: RERA first attempts to resolve the dispute amicably through conciliation proceedings.
- Adjudication: If conciliation fails, an adjudicating officer appointed by RERA hears the case and delivers a binding order.
Penalties for Non-Compliance
Haryana RERA imposes strict penalties on developers who fail to comply with its regulations. These penalties can include:
- Monetary fines
- Imprisonment
- Project registration cancellation
Final Remarks
Haryana RERA has significantly transformed the real estate landscape in Haryana. By promoting transparency, protecting buyer rights, and ensuring timely project completion, it has fostered trust and stability in the sector. For homebuyers, Haryana RERA empowers informed decisions and provides a robust grievance redressal mechanism. For developers, it streamlines approvals, enhances buyer trust, and facilitates a more professional business environment.
FAQs
Q. What is the carpet area as defined by Haryana RERA?
A. Carpet area refers to the usable floor area within an apartment, excluding areas occupied by walls, balconies, and common areas. Haryana RERA mandates developers to specify the carpet area clearly in the sale agreement.
Q. Can I file a complaint with Haryana RERA if the project is not registered?
A. No, you cannot file a complaint with Haryana RERA if the project is not registered. It’s crucial to verify a project’s RERA registration status before investing.
Q. How can I check if a project is registered with Haryana RERA?
A. You can check the project’s registration status on the Haryana RERA website by searching by project name or developer details.
Remember: This guide provides a general overview of Haryana RERA. For the latest information and specific queries, it’s advisable to refer to the official Haryana RERA website (https://haryanarera.gov.in/) or seek legal advice.