• No Real Estate 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.
• A promoter cannot even market or advertise the project without registration. This means there cannot be pre launching or pre booking for project which can be a big financial issue for some.
• No Real Estate promoter can accept more than 10% of sales consideration for the buyer without getting into an Agreement of sale.
• 70% of the amounts realised for the real estate project from the allottees has to be kept in a separated Bank account to cover the cover the cost of construction and the land cost and shall be withdrawn only after getting a signed  certified by an engineer, an architect and a chartered accountant in practice.
• Get his accounts audited within six months after the end of every financial year by a chartered Accountant in practice and shall produce a statement of accounts duly certified and signed. Fact that the amounts collected for a particular project has been utilised for the project and the withdrawal has been in compliance with the proportion to the percentage of completion of the project, has to be audited by a chartered Accountant in practice along with other compliances.
• The Builder/Developer has to make sure that Cancellation and refunds are handled in accordance with the Act.
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• Objectives Of RERA Registration

• More transparency and accountability towards consumers in order to protect their interests.
• To resolve grievances by establishing the dispute resolution mechanism.
• To reduce frauds by increased compliances.
• To reduce delays through fair play.
• To ensure smooth operations by bringing professionalism and standards in place.
• To create awareness by promoting good governance practices.
• To bring ease in transactions due to imposed responsibilities on the promoter as well as the buyer.
• To set up the Appellate Tribunal to listen to appeals arising from the orders, decisions or directions of RERA.
• Applicability of RERA Registration
• Parties to the transaction – It applies to promoters and real estate agents which includes builder, developer, contractor, development body or any other public body who/which constructs/develops land/building/apartment for the purpose of sale.
• Type of properties – It applies to commercial buildings, residential apartments, and plot developed for sale.
• Area – The registration applies for real estate projects exceeding 500 sq. meters or having more than eight apartments.
• Process of RERA Registration and Documentation
• RERA registration is a state-wise registration process and hence varies from state to state. The process is online and can be applied from the official website of the state in which the registration is applied for. The promoters and the real estate agents have to submit the relevant documents along with the application for registration to the Regulating Authority of their respective states.

1. PAN card of the promoter.
2. Parking slots available in the real estate project.
3. Legal title deeds reflecting the title of the promoter of the land on which project is proposed.
4. Encumbrance Certificate relating to the land of the project.
5. Commencement Certificate of the project
6. The Sanction Plan, Layout Plan, location details of the project.
7. The plan of development works to be executed in the project.
8. Details of previous project experience of the promoter, if any.