Diploma In Real Estate Compliance Module I – Registrations

Compliance has become a cornerstone of the modern real estate sector, especially with the implementation of the Real Estate (Regulation and Development) Act, 2016 (RERA). For builders, developers, and real estate professionals, understanding how to complete registrations accurately is essential for ensuring transparency, avoiding penalties, and maintaining credibility in the market.

Module I of the Diploma in Real Estate Compliance for Builders offers a complete and practical guide to the various types of registrations required in the real estate industry. This module focuses on firm registrations, co-promotership structures, project registration procedures, and broker registration requirements. The goal is to equip learners with a strong foundation to navigate statutory obligations effortlessly.

Understanding the Importance of Registrations

Registrations form the first step in establishing legal identity and compliance readiness for any real estate business. Whether setting up a new firm, partnering with co-promoters, launching a real estate project, or operating as a broker, completing the registration process correctly ensures that all activities are legally recognized and transparent. This module explains each type clearly and systematically.

Documents Required for Firm Registration

To begin operating legally, firms must be registered under the appropriate business structure—proprietorship, partnership, LLP, or private limited company. This section guides learners through:

• Essential documents for different firm types
• Identity and address proofs
• Partnership deed or incorporation documents
• PAN, GST, and bank account setup requirements
• Professional tax and other statutory registrations

A clear understanding of documentation helps streamline applications and ensures compliance with state and central regulations.

Co-Promotership and Its Regulatory Role

Co-promotership refers to an arrangement where two or more entities jointly undertake a real estate project. RERA defines specific responsibilities and liabilities for co-promoters. This section explains:

• Who qualifies as a co-promoter
• Documentation needed for establishing co-promotership
• Division of responsibilities between promoters
• Mandatory disclosures in RERA filings
• Financial accountability and compliance obligations

Understanding these elements helps ensure that all stakeholders meet statutory obligations and maintain transparency throughout the project cycle.

Project Registration under RERA

Every real estate project that meets RERA criteria must be registered before advertising, marketing, selling, or booking units. This section provides a step-by-step guide to the process, covering:

• Eligibility criteria for project registration
• List of mandatory documents (title report, sanctioned plans, approvals)
• Preparation of project details and declarations
• Financial disclosures, including estimated costs and escrow requirements
• Online application process for state RERA portals
• Timelines and issuance of registration certificates

Proper project registration enhances buyer confidence and ensures that development proceeds within legal boundaries.

Broker Registration under RERA

Real estate brokers must also register under RERA to legally facilitate property transactions. This segment highlights:

• Eligibility for broker registration
• Documents required (identity, address proof, business details)
• Registration process on the RERA portal
• Validity and renewal procedures
• Code of conduct and compliance responsibilities

Registered brokers enjoy enhanced credibility and avoid penalties while operating in the regulated real estate environment.

Conclusion

Module I serves as the foundation of the Diploma in Real Estate Compliance for Builders. By understanding registrations—from firm setup to project and broker registrations—learners gain the essential clarity required to operate legally and efficiently under RERA. The knowledge gained in this module prepares builders and professionals to navigate compliance requirements confidently throughout their real estate journey.