K-RERA: a guide for builders in Kerala

The authority

Kerala Real Estate Regulatory Authority (K-RERA). Official website.

What to know

• Projects need RERA registration before any advertising, booking or sale (Section 3); the Act exempts projects where the land is 500 sq m or less, or there are 8 apartments or fewer.
• Since 1 September 2023 promoters must show the project's K-RERA QR code on every promotion and advertisement, covering print, brochures, websites, social media and site or sales-office hoardings.
• 70% of money collected from allottees must sit in a separate bank account and be withdrawn only in proportion to construction progress, certified by an engineer, architect and chartered accountant (Section 4(2)(l)(D)).
• Promoters must update the project page on the RERA website every quarter with bookings and construction status (Section 11(1)).
• Real estate agents and channel partners must register with the authority before facilitating any sale (Section 9).

Related for Kerala

• Stamp duty and registration in Kerala
• CRM for builders in Kochi
• CRM for builders in Thiruvananthapuram
• CRM for builders in Kozhikode
• Real-estate glossary

Sources

1. K-RERA (official)
2. Kerala Registration Department (official)
3. Real Estate (Regulation and Development) Act, 2016 — India Code
4. Housing.com — QR code mandatory from 1 Sep: Kerala RERA
5. ClearTax — Stamp duty in Kerala
6. Ujjivan SFB — Kerala stamp duty and registration charges

RERA guides for other states