RERA was brought bearing in mind a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring all the agencies below a common surveillance. Every entity practicing in the genuine estate business are compulsorily required to get itself registered below RERA after the opening of the act. We give RERA consultancy services in New Delhi for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the agreement related formalities under RERA regime to ensure smooth and easy launch of any project along the length and breadth of New Delhi.
Who are required to get registered under RERA?
Following Entities are required to make a get of Registration below RERA:
- A Developer Starting a additional project
- A project which has commenced before onset of RERA but ability certificate has not been issued/obtained
- An agent dealing in Real estate
- A project which has been advertised from a prior date but has not still started.
Is it mandatory to get all the projects registered below RERA?
Government has exempted with projects from the purview of RERA:
- Renovation Projects
- Project having area less than or equal to 500 sq ft or where the number of apartment is less than 8.
- A project whose skill certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public flyer and receiving any grant shall gain its project registered as soon as RERA. Full details re the project is required to be definite in the application form, payment is made depending upon the built up Place of the project. In suit the builder/developer bungled to get its project registered a huge fine shall be imposed upon such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited report sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of right of entry parking areas and the number of covered parking areas comprehensible in the genuine estate project;
- Copy of the valid title achievement reflecting the title of the supporter to the land;
- Details of encumbrances on the land upon which onslaught is proposed including details of any rights, title, interest, dues, litigation and name of party in or on zenith of such home along bearing in mind details;
- Where the advocate is not the owner of the land on which onslaught is proposed details of the come to of the owner of the home along like a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring roughly a fair practice in Real home Sector and terminate monopolistic entrйe of the agents toward the customers, government has came taking place with the concept of RERA Registration for Agents, whereby every agent must get itself registered below RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall with curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific epoch of become old and is subject to renewal.
Information Required for Registering as an agent below RERA:
- Brief details of his enterprise including its name, registered address, type of enterprise (proprietorship, societies, partnership, companies etc;
- Particulars of registration including the bye-laws, or memorandum of link and articles of association, etc. as the war may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in case of other entities;
- Authenticated copy of the PAN Card;
- Income tax returns filed below the provisions of the Income Tax Act, 1961 (Central Act 43 of 1961) for three financial years preceding the application or in court case the applicant was exempted from filing returns below the provisions of the Income Tax Act, 1961 for any of the three years preceding the application, a confirmation to such effect;
- Authenticated copy of the address proof of the place of business; and such new information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a arrangement or any additional related person has plenty reason that rules are not visceral followed as soon as regard to any project or by any agent subsequently he can lodge a formal complaint next the appropriate official with legitimate proof of the matter demanding him to see into the issue, by paying a press on of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either assent registration of forswear the application within 30 days of submitting of such application by the applicant in the department.