What is this service?
The contract between a developer and a buyer for a unit in a project.
When buying from a developer, the builder-buyer agreement fixes the price, payment schedule, possession date, carpet area, specifications and delay remedies. The project should be registered with Karnataka RERA, and the agreement should match the RERA declarations.
Why and when you need it
- Why
- It defines possession timelines, area, price escalations and what happens on delay.
- Who needs it
- Anyone booking an under-construction or new apartment, villa or commercial unit from a developer.
- When
- Before paying the booking amount.
Required documents
- RERA registration details of the project
- Approved building plan and commencement-related approvals
- Title documents of the project land
- Draft builder-buyer agreement and allotment letter
- Cost sheet and payment schedule
Identity and supporting documents
- PAN card of each applicant or party
- Aadhaar card or another government photo identity and address proof
- Passport-size photographs
- For companies and associations: incorporation documents, board resolution and authorisation letter
Step-by-step procedure
- Verify the project's Karnataka RERA registration on the official portal
- Match the agreement terms with the RERA declarations
- Review carpet area, payment schedule, possession date and delay clauses
- Check title and approvals of the project land
- Execute the agreement with correct stamping
Fees, stamp duty and timelines
- Government fee
- Government fees, where applicable, are paid only on the official portal or at the government office. Confirm the current amount on the official portal before payment.
- Assistance charges
- Professional assistance charges are quoted after understanding your requirement. Government fees and SRCHN service charges are always shown separately. Confirm the final quote before work begins.
- Processing time
- Processing time varies by office and case. No completion timeline is guaranteed.
Government fees and SRCHN assistance charges are always kept separate. Nothing here is an invented price - confirm current amounts on the official portal or with our team before paying.
Legal requirements
- Real Estate (Regulation and Development) Act, 2016
- Karnataka Stamp Act, 1957 - stamping of agreements as applicable
Common rejection reasons
- Project not registered with K-RERA when registration is required
- Agreement terms inconsistent with the RERA filings
- Missing land title or approval documents
Important cautions
Verify the RERA registration number on the official K-RERA portal, not only in the brochure
Do not rely on verbal promises - every commitment should be in the agreement
Possession timelines and delay compensation must be written, not assumed
FAQs
How do I check a project's RERA registration?
Search the project or promoter name on the official Karnataka RERA portal. The registration record shows the declared completion date and approvals.
Is the builder-buyer agreement registrable?
Stamping and registration requirements depend on the instrument and current law. Confirm with a qualified lawyer and the department before execution.
What if the project is delayed?
RERA provides remedies for delay. Keep the agreement, receipts and correspondence - they form the record for any complaint.
