RERA was brought in the spread of a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring whatever the agencies below a common surveillance. Every entity enthusiastic in the genuine estate business are compulsorily required to gain itself registered under RERA after the inauguration of the act. We have enough money RERA consultancy facilities in Danapur for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the consent related formalities below RERA regime to ensure smooth and simple launch of any project along the length and breadth of Danapur.
Who are required to gain registered below RERA?
Following Entities are required to purchase Registration below RERA:
- A Developer Starting a additional project
- A project which has commenced since onset of RERA but achievement 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 yet started.
Is it mandatory to gain all the projects registered below RERA?
Government has exempted taking into consideration projects from the purview of RERA:
- Renovation Projects
- Project having Place less than or equal to 500 sq ft or where the number of apartment is less than 8.
- A project whose achievement certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must since making any public trailer and receiving any keep shall get its project registered in the same way as RERA. Full details more or less the project is required to be answer in the application form, payment is made depending on the built up area of the project. In raid the builder/developer unsuccessful to get its project registered a big fine shall be imposed on such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited bank account sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of log on parking areas and the number of covered parking areas understandable in the real estate project;
- Copy of the authentic title realization reflecting the title of the promoter to the land;
- Details of encumbrances on the land upon which onslaught is proposed including details of any rights, title, interest, dues, litigation and herald of party in or more than such home along similar to 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 house along subsequent to a copy of the agreement;
- Name, photograph, contact details and habitat of the promoter.
- Agent Registration
In order to bring practically a fair practice in Real house Sector and terminate monopolistic retrieve of the agents toward the customers, government has came stirring with the concept of RERA Registration for Agents, whereby all agent must get itself registered under RERA in the past dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall plus curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific mature 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 membership and articles of association, etc. as the deed may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in clash of new entities;
- Authenticated copy of the PAN Card;
- Income tax returns filed under the provisions of the Income Tax Act, 1961 (Central Act 43 of 1961) for three financial years preceding the application or in charge the applicant was exempted from filing returns under the provisions of the Income Tax Act, 1961 for any of the three years preceding the application, a announcement to such effect;
- Authenticated copy of the residence 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 extra related person has passable reason that rules are not brute followed in the broadcast of regard to any project or by any agent next he can lodge a formal complaint when the appropriate bureaucrat with true proof of the issue demanding him to see into the issue, by paying a encroachment of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either take over registration of forswear the application within 30 days of submitting of such application by the applicant in the department.