WBRERA: a guide for builders in West Bengal

The authority

West Bengal Real Estate Regulatory Authority (WBRERA). Official website.

What to know

• On 4 May 2021 the Supreme Court struck down the state's own law, WB-HIRA, as repugnant to the central RERA Act. Projects now register with WBRERA, while registrations granted under HIRA before the verdict stay valid.
• 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.
• 70% of money collected from allottees must sit in a separate bank account and be withdrawn only in proportion to construction progress, certified by an engineer, architect and chartered accountant (Section 4(2)(l)(D)).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 West Bengal

• Stamp duty and registration in West Bengal
• CRM for builders in Kolkata
• CRM for builders in New Town
• CRM for builders in Howrah
• CRM for builders in Siliguri
• Real-estate glossary

Sources

1. WBRERA (official)
2. West Bengal Registration Directorate (official)
3. Real Estate (Regulation and Development) Act, 2016 — India Code
4. Housing.com — SC strikes down West Bengal's HIRA
5. Deccan Herald — SC declares WB real estate law unconstitutional
6. Ujjivan SFB — Stamp duty and registration fee in Kolkata
7. Godrej Capital — Stamp duty in West Bengal

RERA guides for other states