Short Answer

Yes, there are specific rules for multi-builder projects or phased developments in RERA.

Detailed Explanation

Rule 4 of the Gujarat Real Estate (Regulation and Development) Rules, 2017 addresses the registration of real estate projects by promoters. This rule states that in the case of multi-phase projects, each phase needs to be treated as a standalone project for the purpose of registration. This means that each phase of the project must be registered separately with RERA, providing transparency and accountability for each phase's progress and completion.

Furthermore, Section 4 of the Gujarat Real Estate (Regulation and Development) Act, 2016 mandates that the promoter must obtain all necessary approvals before commencing construction of the project. In the context of multi-builder projects, this ensures that each builder involved in different phases of the project complies with the legal requirements and obtains approvals for their specific phase.

In practice, these rules ensure that buyers are protected in multi-builder projects or phased developments by requiring each phase to be registered individually, thereby enabling buyers to track the progress and status of each phase separately. This prevents delays and ensures that each phase is completed as per the agreed timelines and specifications.

Real-world Scenarios

• In a large residential project with multiple phases developed by different builders, RERA registration mandates that each phase is separately registered, allowing buyers to verify the status of each phase independently.

• In a commercial complex with phased developments, RERA rules ensure that each builder obtains approvals and adheres to regulations for their specific phase, preventing delays and ensuring compliance.

Reference

• Gujarat Real Estate (Regulation and Development) Act, 2016 - Section 4

• Gujarat Real Estate (Regulation and Development) Rules, 2017 - Rule 4