Short Answer

Yes, it is mandatory to register the redevelopment agreement with the government.

Detailed Explanation

Section 3 of the Gujarat RERA Act mandates the registration of real estate projects with the Gujarat Real Estate Regulatory Authority (RERA) before advertising, marketing, or selling any plot, apartment, or building. This registration includes the submission of various details and documents related to the project, including the redevelopment agreement.

Furthermore, Rule 9 of the Gujarat RERA Rules specifies the documents required for registration, which may include the redevelopment agreement. This rule ensures transparency and accountability in real estate transactions, protecting the interests of both developers and buyers.

In practice, developers undertaking redevelopment projects must ensure that the redevelopment agreement is registered with RERA to comply with the law. Failure to register the agreement can lead to legal consequences, including penalties and potential project delays.

Real-world Scenarios

• Scenario 1: A developer in Gujarat plans to redevelop an old housing society. Before commencing the project, the developer must register the redevelopment agreement with RERA as per Section 3 of the Gujarat RERA Act.

• Scenario 2: A cooperative housing society enters into a redevelopment agreement with a developer. To safeguard the rights of the society members and ensure transparency, the agreement must be registered with RERA as per Rule 9 of the Gujarat RERA Rules.

Comprehensive compliance with registration requirements is crucial for all parties involved in redevelopment projects to avoid legal issues and ensure smooth project execution.

Reference

• Gujarat RERA Act: https://gujrera.gujarat.gov.in/

• Gujarat RERA Rules: https://gujrera.gujarat.gov.in/