RERA MP: Registration Process, Required Documents and Complaint Filing Guide

The Real Estate Regulatory Authority of Madhya Pradesh (RERA MP) was created to provide the security of equal treatment and complete transparency in all transactions that occur within the property industry. Through the many years, MP RERA has been applying its rules and guidelines of RERA Act with utmost diligence and effectiveness.

It is also possible to register on the RERA MP website has services like an download section to download various forms and schedules, as well as an area for complaints in which one can lodge an action against the builder for any matter relating to their residence located in Madhya Pradesh. Additionally, builders and agents can sign up their projects as well as themselves on RERA MP. RERA MP website, respectively.

In this article we will learn the ways these services could be used by various parties, but before that, let’s look at the roles and functions of RERA MP.

Functions of RERA MP

Here are some of the functions available in RERA MP.

The regulation of the real estate industry: one the main duties that the MP RERA is to guarantee that the public adheres to the rules and regulations set by the government. The primary purpose for MP RERA will be to promote ethical conduct and to also stop dangerous actions that may harm the interests of those involved.

Protection of buyer’s interests: Apart from the regulation of real property one of the major duties that MP RERA has is to MP RERA is to safeguard the interests of buyers. MP RERA assures timely project completion with top-quality construction work. It is also committed to transparency in financial transactions.

Resolution of disputes Resolution of disputes: MP RERA is mediator to resolve disputes between builders and homeowners. MP RERA offers a dependable method for settling disputes, ensuring an efficient resolution to disputes of a major nature.

Imposing penalties: MP RERA also imposes penalties to developers who aren’t in compliance with RERA rules. This way, RERA ensures complete and full compliance, ensuring projects stay within the guidelines set out.

RERA MP: How to Get Registration Number in MP?

Real estate developers must submit their projects to MP RERA. MP RERA website by following the steps below.

Step 1: Visit the RERA Madhya Pradesh official website, www.rera.mp.gov.in and sign up for an RERA Login for MP. After that, click on the “Registrations tab at the top of navigation. When you are to the Registrations tab, select “Project Registration.’

Step 2: Once you click the button Project Registration, another window will open with an outline of the steps for registering or adding an existing project using MP RERA. MP RERA web application. Follow the steps carefully and then click the “Proceed” button.

Step 3: Once you click the Proceed button step 3, the Project Registration form will open right in front of you. Fill in the required information and save the form.

When you save the form, you’ll be able to go through the form and print a copy on the completed form. Then, you will be able to submit your application to be considered and approved.

RERA MP: Documents Required for MP RERA Registration

For “New Project Registration” under RERA MP The following documents must be submitted to be submitted at the time of online submission in the process of submitting an application.

• Passport size photograph of the Promoter(s). If it’s an organization, photographs of all directors, members and chairman must be included in the specifics section.
• A certified duplicate of Aadhaar Card/ PAN Card of the Promoter(s). If the Promoter is a an official Aadhaar Card/ PAN Card of all the members directors, chairman must be included in the details section
• In the case of a firm or company an authenticated duplicate from the PAN Card of the firmor firm is also required.
• Balance sheet the balance sheet, the profit and loss statement and income tax returns and audit report for the past three financial years.
• Layout plans, sanctioned plans, details of the project being proposed and the project’s approved information by an appropriate authority
• Delimitation of land using specific details of location, such as the boundaries of longitude, latitude as well as the final point of the project.
• Declaration to Form B and a properly signed Affidavit and a signature by the promoter. The Form B must be executed by a person who has been authorized to sign by the promoter. The declaration says that it does not discriminate against allottees during the time of allotment.

Several other documents are also required during the online application process. In addition, some documents need to be submitted to the authorities in hard copy. These include:

1. Land Survey Record (Form B1) – Photocopy

2. Affidavit for the new project – Original copy

3. Affidavit cum Declaration (Form-B) – Original copy or any other affidavit provided in the application.

4. Sanctioned layout plan on A3 size paper from TNCP.

5. Sanctioned building plan on A3 size paper from the competent authority.

Fees and Cost of RERA MP Registration

The MP RERA registration fees for projects are divided into two categories: new projects and ongoing projects.

Charges for New Projects 

The MP RERA registration fee for new projects can be calculated as per the below-mentioned formulas for various types of projects.

Type of Project	Registration Fee
Plotted Residential Project	Rs.10 per Sq. m. x FAR
Constructed Residential Project	Rs.10 per Sq. m. x Carpet Area of Residential Units + Rs.20 per Sq. m. X Carpet Area of Commercial Units
Plotted Commercial Project	Rs.20 per Sq. m. x FAR x Area of Total Plotted Land
Constructed Commercial Project	Rs.20 per Sq. m. x Carpet Area of All Constructed Commercial and Non-residential Constructions
Mixed Project	Fee calculated in proportion to the proposed residential and non-residential area.

Charges for Ongoing Projects

For ongoing projects, the MP RERA registration fee can be calculated according to the formula given below for different types of projects.

Type of Project	Registration Fee
Plotted Residential Project	Rs.40 per Sq. m. x FAR
Constructed Residential Project	Rs.40 per Sq. m. x Carpet Area of Residential Units + Rs.40 per Sq. m. x Carpet Area of Commercial Units
Plotted Commercial Project	Rs.80 per Sq. m. x FAR x Area of Total Plotted Land
Constructed Commercial Project	Rs.80 per Sq. m. x Carpet Area of All Constructed Commercial and Non-residential Constructions
Mixed Project	Fee calculated in proportion to the proposed residential and non-residential area.

Why Should Real Estate Agents Register With RERA MP?

The real estate agents serve as the intermediaries between the purchasers of property and the developers/builders. The regulatory authority has mandated developers to register their projects with RERA MP it is recommended that real estate agents to register in RERA MP. The primary reason for registration is to allow the agents to participate in the purchase and sale of MP RERA registered projects. Agents who aren’t authorized by RERA Madhya Pradesh are not able to help in selling and buying for Madhya Pradesh RERA projects.

How Can An Agent Register With RERA MP

Real estate agents are able to follow the steps outlined below to sign up with RERA.

Step 1: The agent must create an RERA MP login through the Madhya Pradesh RERA website. After that you can click on the ‘Registrations tab, and then choose the ‘Agent Registration’ tab.

Step 2: After you’ve clicked the Agent Registration section A new page will be opened and it will contain several guidelines that agents should follow during the process of registration.

RERA MP – Documents Required by Agents for RERA MP Registration

Documents needed during registration of agents for Madhya Pradesh RERA.

• Passport size photographs
• Copy of Aadhar card
• Copy of PAN card
• Past 3 years Income Tax Returns
• Copy of address proof of business
• Other documents

What is the Fee for Registering With RERA MP for Agents?

The fee for agents for registration with RERA MP is 10,000 rupees in case of an individual and 50,000 in case it’s a company.

RERA MP – How Do You Check Registered Projects?

It is advisable for prospective buyers to purchase or put money into a project that has been RERA MP registered. This can help buyers, especially in the event of issues occurring regarding the property. Furthermore, by making investments in RERA MP projects registered with the government, investors receive accurate updates on the progress of projects.

This creates a significant problem with how to find RERA authorized projects that are registered in MP. In order to do this buyers, all they need take is to adhere the easy steps below.

Step 1: Go to Step 1: Go to the RERA MP site and click on the Projects tab. Then, click the ‘Registered Projects.’ Then, you will be able to display a drop-down menu that lists projects that are ongoing, complete, withdrawn, suspended expired, and cancelled projects.

Step 2: In the case of you’re searching for an ongoing project and click in the tab for ongoing projects. This will show the list of projects that are part of the RERA MP and are currently in the process of construction.

Furthermore, it displays a search bar in which users can type your project’s name, and then choose the district’s name from the drop-down menu and then click search. Similar to that the projects can also be searched through different lists.

How Do You File a Complaint With RERA MP?

Property buyers may complain to the developer/builder in case they have a disagreement regarding their property located in Madhya Pradesh. The complaint may be filed by a person if delays are incurred on the part of the builder, which results in financial losses to the buyer of the property.

If a property isn’t registered with RERA The complaint can still be submitted to RERA MP. However, the complaint won’t be as a strong case as it could have been in the event that the property had been in the possession of RERA MP

To file a complaint with the authority, follow the below steps:

Step 1: Go to Step 1: Go to the RERA MP website. Click on the tab ‘Complaint’ and then select the “File Complaint Tab.

Step 2: Once you click the File Complaint tab, a page will be displayed that contains specific instructions. Follow these instructions attentively and then click Proceed. The page will be opened. RERA MP Complaint Registration page. There, you can select the form M or N to complete the necessary information to make a complaint to either the builder or realtor.

Formula M is filled out to file a complaint to be filed pursuant to subsection 31(1) of the RERA Act. If the person who is who is filing the complaint seeks for compensation under sections 12, 14, 18, 18 or 19 of the RERA Act the fill the Form N.

Complete all the details together with the required document and the charges to file the complaint and then click Submit. A message will indicate whether you’ve submitted the complaint, or not. If not, the process must be repeated.

Escrow Accounts Under RERA MP 

The MP state government has passed a law requiring that builders have to keep an escrow account with the Real Estate Regulatory Authority (RERA) MP. The law permits builders to manage the transfer of funds.

According to the new guidelines, all builders will be required to maintain distinct accounts till recoveries are completed on the funds put into a project. Additionally RERA MP has stated that RERA MP has clarified that 70% of the cash that the builder collects has to be kept in Escrow accounts. The amount used for purchasing land for MP and for construction is not included from this.

RERA MP Launches RERA Reward Scheme 

The Real Estate Regulatory Authority of Madhya Pradesh has launched an RERA reward scheme. The purpose for this RERA rewards scheme is collect data regarding ongoing projects that have not been approved by RERA.

In the framework of the scheme, people can provide information concerning unregistered projects with RERA MP. RERA MP. The information must be included.

• Name of the builder or developer
• Address of the builder
• Contact details (if available)
• Project name and address
• Project site photos

The users can send complaints at the [email protected] email id. When the complaint is received by the authority, they will investigate the complaint, and if the company is not registered, the person who sent the details is eligible to receive a reward.

The rewards offered under the RERA reward scheme are different and are mostly cash-based. As part of the RERA reward scheme, the government ensures it is certain that the name of the individual remains private.

Specific Penalties for Non-Compliance and Violations

Below are the details of the penalties that promoters and agents will have to pay for violating the conditions specified by MP RERA.

Violation Category	Penalty for Promoter (Developer)	Penalty for Agent
Non-Registration	Up to 10% of the estimated project cost. Continuing the violation can lead to imprisonment up to 3 years.	Fine of up to Rs 10,000 per day for continuous violation, extending up to 5% of the property cost.
Providing False Information	Up to 5% of the estimated project cost.	Suspension or revocation of RERA registration.
Violation of RERA Order	If the developer violates an order from RERA MP, they can face a penalty of up to 5% of the estimated project cost.	If an agent violates an order from RERA MP, they can be fined up to 5% of the property cost involved in the transaction.

RERA MP Homebuyer Rights: Post-Possession Defect Liability Period

Below are the MP RERA guidelines to protect homebuyers’ rights in the event that they have a post-possession problem within the period of liability.

• The 5-Year Rule: The promoter is accountable for any construction or work problems that develop within five years of the date of transfer.
• Recourse: The buyer has to notify the promoter about defects within thirty days of discovering. The promoter then has the obligation to correct the defect without any cost for the next 30 days.
• Failure to Rectify: In the event that the promoter fails to correct the problem the allottee has the right to compensation in accordance with the rules the determination of RERA MP.

Read More: RERA Delhi

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