1 Registration of Joint Development Arrangements under
RERA
RERA applies to all real estate projects, i.e. both residential
as well as commercial projects irrespective of whether these are in
the nature of building projects, or plotted development by a
developer provided that (a) the land area of the project exceeds
500 sq. mtrs. or, (b) in case of a building
project, the number of apartments to be constructed exceed eight,
and a completion certificate is yet to be obtained for the
project at the time of commencement of the relative provisions of
RERA, i.e. as on May 1, 2017. Accordingly, the developer of a
project covered under RERA, as above, shall register the said
project with the concerned authority as mandated by section 3 of
RERA. This raises the question as to whether, nowadays commonly
executed, property owner and developer joint development or
collaboration agreements would also be covered under RERA's
ambit, if the aforesaid conditions are met.
