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RERA Madhya Pradesh, also known as the Madhya Pradesh Real Estate Regulatory Authority, is a regulatory body established to bring transparency and accountability to the real estate sector. This article provides an overview of RERA MP, including its history, vision, fees, and the registration process for real estate projects. We also delve into the required documents for project registration and the rules governing real estate development projects under RERA MP.
To facilitate the implementation and functioning of RERA MP, certain fees and charges are applicable. These fees vary based on the nature of the project:
| Project Type | Registration |
|---|---|
| Plotted Residential Projects | ₹10 per square meter x Floor Area Ratio |
| Constructed Residential Projects | ₹10 per square meter x the carpet area of the residential units + ₹20 per square meters x the carpet area of the commercial units |
| Plotted Commercial Projects | ₹20 per square meters x FAR x the area of the total plotted land |
| Constructed Commercial Projects | ₹20 per square meters x the carpet area of all of the constructed commercial and/or non residential constructions |
| Project Type | Registration |
|---|---|
| Plotted Residential Projects | ₹40 per square meter multiplied by the FAR |
| Constructed Residential Projects | ₹40 per square meter x carpet area of the residential units + ₹40 per square meter x the carpet area of the commercial units |
| Plotted Commercial Projects | ₹80 per square meter x FAR x area of total plotted land |
| Constructed Commercial Projects | ₹80 for a square meter + the carpet area of all of the constructed commercial and/or non residential constructions |
Registering a project with RERA MP is a straightforward process. Follow these steps to ensure compliance:
Visit the official RERA Madhya Pradesh website and navigate to the project registration section.
Fill in the required project details, including project name, location, land area, and developer details.
Pay the applicable fees online as per the project category.
Submit the application along with the necessary documents, such as project approvals, clearances, and the developer's credentials.
Once the application is reviewed and approved, you will receive a unique registration number from RERA MP.
To complete the project registration process with RERA MP, ensure you have the following documents:
Title Deed and Ownership Documents
Approved Project Plans and Layouts
Commencement Certificate
Building Plan Approval
Environmental Clearance Certificate
Developer's PAN Card and Aadhaar Card
Any other relevant documents as per RERA MP guidelines
RERA MP has established rules and regulations that govern real estate development projects. These rules cover various aspects, including project advertising, contractual obligations, escrow accounts, and penalties for non-compliance. It is essential for developers to adhere to these rules to ensure a transparent and fair real estate market in Madhya Pradesh.
RERA Madhya Pradesh plays a pivotal role in promoting transparency, accountability, and consumer protection in the real estate sector. Registering your project with RERA MP not only ensures compliance with regulatory guidelines but also instills confidence in homebuyers. For seamless financing options, explore Tata Capital's home loan offerings tailored to your needs. Partner with us to embark on your journey towards owning a home in Madhya Pradesh.
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