a. What is Real Estate Project?
Real Estate Project means the development of a building or a building consisting of apartments, or converting an existing building or a part thereof into apartments, or the development of land into plots or apartments, as the case may be, for the purpose of selling all or some of the said apartments or plots or building, as the case may be, and includes the common areas, the development works, all improvements and structures thereon, and all easement, rights and appurtenances belonging thereto.
b. Real Estate Project Classification:
2. Residential/Group Housing Projects
3. Commercial Projects
c. Real Estate Project liable for RERA Registration:
No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area, without registering the real estate project with the Real Estate Regulatory Authority established under this Act.
1. Registration of the real estate project shall be required when the area of land proposed to be developed exceed five hundred square meters.
or
2. The number of apartments proposed to be developed exceed eight inclusive of all phases.