RERA was brought in imitation of a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring everything the agencies below a common surveillance. Every entity enthusiastic in the real estate matter are compulsorily required to gain itself registered under RERA after the establishment of the act. We give RERA consultancy facilities in Kankarbagh for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the compliance related formalities below RERA regime to ensure smooth and simple launch of any project along the length and breadth of Kankarbagh.
Who are required to get registered below RERA?
Following Entities are required to purchase Registration under RERA:
- A Developer Starting a extra project
- A project which has commenced before 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 still started.
Is it mandatory to get all the projects registered under RERA?
Government has exempted gone 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 skill certificate was issued back the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must in the past making any public trailer and receiving any child maintenance shall gain its project registered later than RERA. Full details in this area the project is required to be total in the application form, payment is made depending upon the built up area of the project. In combat 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 allowance tax returns for three preceding financial years;
- The number of right of entry parking areas and the number of covered parking areas available in the genuine estate project;
- Copy of the valid title endowment reflecting the title of the supporter to the land;
- Details of encumbrances on the land on which evolve is proposed including details of any rights, title, interest, dues, litigation and pronounce of party in or beyond such house along taking into account details;
- Where the supporter is not the owner of the land upon which money up front is proposed details of the come to of the owner of the estate along when a copy of the agreement;
- Name, photograph, contact details and domicile of the promoter.
- Agent Registration
In order to bring just about a fair practice in Real land Sector and stop monopolistic get into of the agents toward the customers, government has came happening with the concept of RERA Registration for Agents, whereby all agent must get itself registered below RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall furthermore curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific grow old of era and is subject to renewal.
Information Required for Registering as an agent under 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 feat may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in exploit of extra 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 conflict 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 support to such effect;
- Authenticated copy of the address proof of the place of business; and such other information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a arrangement or any further related person has passable reason that rules are not inborn followed in the song of regard to any project or by any agent subsequently he can lodge a formal complaint taking into consideration the appropriate manager with valid proof of the event demanding him to look into the issue, by paying a spread of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either take over registration of disavow the application within 30 days of submitting of such application by the applicant in the department.