RERA was brought later than 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 lively in the real estate situation are compulsorily required to get itself registered under RERA after the foundation of the act. We offer RERA consultancy services in Kidwaipuri for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the compliance related formalities under RERA regime to ensure smooth and easy launch of any project along the length and breadth of Kidwaipuri.
Who are required to gain registered under RERA?
Following Entities are required to attain Registration below RERA:
- A Developer Starting a additional project
- A project which has commenced previously onset of RERA but triumph 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 nevertheless started.
Is it mandatory to get all the projects registered below RERA?
Government has exempted afterward 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 realization certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must previously making any public personal ad and receiving any maintenance shall get its project registered behind RERA. Full details nearly the project is required to be unquestionable in the application form, payment is made depending on the built up Place of the project. In act the builder/developer unproductive to get its project registered a huge 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 allowance tax returns for three preceding financial years;
- The number of admission parking areas and the number of covered parking areas reachable in the real estate project;
- Copy of the legitimate title finishing reflecting the title of the promoter to the land;
- Details of encumbrances on the land upon which proceed is proposed including details of any rights, title, interest, dues, litigation and declare of party in or higher than such estate along afterward details;
- Where the advocate is not the owner of the land on which loan is proposed details of the succeed to of the owner of the estate along considering a copy of the agreement;
- Name, photograph, contact details and habitat of the promoter.
- Agent Registration
In order to bring very nearly a fair practice in Real house Sector and terminate monopolistic admittance of the agents toward the customers, government has came occurring with the concept of RERA Registration for Agents, whereby every agent must get itself registered under RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall along with curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific time of time 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 raid may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in deed of supplementary 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 fighting 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 declaration to such effect;
- Authenticated copy of the residence proof of the place of business; and such further information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a covenant or any extra related person has enough reason that rules are not beast followed considering regard to any project or by any agent next he can lodge a formal complaint afterward the appropriate commissioner with true proof of the business demanding him to look into the issue, by paying a onslaught of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either allow registration of disavow the application within 30 days of submitting of such application by the applicant in the department.