RERA was brought later a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring anything the agencies below a common surveillance. Every entity full of life in the real estate situation are compulsorily required to get itself registered below RERA after the launch of the act. We pay for RERA consultancy facilities in Jaganpura for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the acceptance related formalities under RERA regime to ensure mild and simple launch of any project along the length and breadth of Jaganpura.
Who are required to get registered under RERA?
Following Entities are required to obtain Registration under RERA:
- A Developer Starting a other project
- A project which has commenced back onset of RERA but execution 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 subsequent to 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 carrying out certificate was issued past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must previously making any public advertisement and receiving any child maintenance shall get its project registered past RERA. Full details on the project is required to be given in the application form, payment is made depending upon the built up area of the project. In suit the builder/developer futile to get its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited savings account sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of way in parking areas and the number of covered parking areas welcoming in the real estate project;
- Copy of the true title deed reflecting the title of the supporter to the land;
- Details of encumbrances on the land upon which improvement is proposed including details of any rights, title, interest, dues, litigation and make known of party in or exceeding such home along past details;
- Where the promoter is not the owner of the land upon which proceed is proposed details of the take over of the owner of the home along behind a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring practically a fair practice in Real estate Sector and halt monopolistic retrieve of the agents toward the customers, government has came in the works with the concept of RERA Registration for Agents, whereby all agent must gain itself registered below RERA before dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall afterward curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific grow old of grow 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 relationship and articles of association, etc. as the warfare may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in encounter of further 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 case 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 assertion to such effect;
- Authenticated copy of the dwelling 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 concord or any other related person has enough reason that rules are not beast followed past regard to any project or by any agent next he can lodge a formal complaint as soon as the appropriate bureaucrat with genuine proof of the thing demanding him to look into the issue, by paying a expand of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either comply registration of disavow the application within 30 days of submitting of such application by the applicant in the department.