Author name: RERA Vision

Whenever one talks about the real estate industry, the first word that comes to mind is RERA. RERA registration is an essential process for developers, but developers make significant mistakes while filling out this application. Mistakes can delay the whole registration process or create problems in the future. Here, we will discuss all the possible issues or common mistakes related to RERA’s quarterly compliance. Moreover, we will discuss how to fix these issues.  Common RERA Registration Mistakes That You Should Avoid While Registering for RERA  Here are common mistakes that individuals may make during RERA quarterly compliance.  One of the significant mistakes that developers usually make while registering for RERA is filling in incorrect information during their application-filling process. This inaccurate information can be about the land ownership documents or the officials’ approvals of the project blueprint. In various cases, we have seen inaccuracy in area calculations, which is the primary cause of disputes between buyers and developers.  How to fix it: Prepare a blueprint in your mind and collect all the essential data before initiating the registration process. Make sure you have double-checked all the information that will fill in your application.  Individuals also make severe mistakes while following specific guidelines and formats for registration applications. These wrong application formats will cause the registration process to be delayed. Developers also get overly excited and put misleading deadlines that are critical to complete. There are significant penalties and legal actions against this deceptive behavior. So, you are strictly advised to follow all the RERA guidelines.  How to fix it: Read all the guidelines mentioned in the RERA application process and make sure you are following all the mandatory rules and regulations according to RERA authorities.  Sometimes, developers don’t publish all the project details on the RERA website. This insufficient information can create several doubts in the buyer’s mind. Moreover, regular delays and lack of updates to the buyer concerning the blueprint can also create dissatisfaction in buyers’ minds. RERA also introduced escrow accounts to maintain funds and avoid financial disputes.  How to fix it: Provide all the essential information that is required and sufficient for buyers. Clear all buyers’ doubts and inform them about escrow accounts to avoid any type of financial dispute in the future.  The portal of RERA is slightly complicated, so developers face several difficulties while completing and submitting the registration process. Moreover, developers make mistakes while uploading documents with different file formats or size limits, which can delay registration. No website without technical issues exists, so RERA also has problems that create disturbance.  How to fix it: Ensure you are connected to high-quality networks and have all the essential equipment to upload your documents in the correct formats.  These mistakes can have significant consequences for developers, including penalties, legal disputes, and reputational damage. Therefore, developers must understand and comply with all RERA regulations to avoid such issues. Conclusion  These were some common mistakes made by the developers during RERA registration in Mumbai. We also have discussed how to avoid these issues so that your application process doesn’t suffer any delay or rejection. Developers have to ensure they provide all the essential information with transparency. This information discussed in the above blog allows you to streamline your RERA quarterly compliance easily.  FAQs Why does RERA get rejected? Individuals who don’t follow section 4 of the ERA Act 2016 face consequences. There are some mandatory rules and regulations for RERA quarterly compliance that every developer has to follow.  What if the project is not RERA registered? If any project is not RERA registered, it simply means that the state authorities do not legally recognize it. This involves severe buyer risks, like fraud, lack of responsibility or accountability, financial disputes, and no assurance.