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 everything the agencies under a common surveillance. Every entity committed in the real estate matter are compulsorily required to gain itself registered below RERA after the instigation of the act. We come up with the child support for RERA consultancy facilities in Kolkata for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the assent related formalities below RERA regime to ensure smooth and simple launch of any project along the length and breadth of Kolkata.
Who are required to gain registered under RERA?
Following Entities are required to get your hands on Registration under RERA:
- A Developer Starting a additional project
- A project which has commenced since onset of RERA but endowment 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 get all the projects registered below RERA?
Government has exempted afterward 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 expertise certificate was issued before the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public billboard and receiving any grant shall gain its project registered following RERA. Full details something like the project is required to be solution in the application form, payment is made depending upon the built up Place of the project. In suit the builder/developer unproductive to gain its project registered a huge fine shall be imposed on such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited relation sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of contact parking areas and the number of covered parking areas straightforward in the genuine estate project;
- Copy of the authentic title exploit reflecting the title of the advocate to the land;
- Details of encumbrances on the land upon which improve is proposed including details of any rights, title, interest, dues, litigation and make known of party in or higher than such land along following details;
- Where the advocate is not the owner of the land on which expansion is proposed details of the grant of the owner of the land along following a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring virtually a fair practice in Real home Sector and grow less monopolistic door of the agents toward the customers, government has came happening with the concept of RERA Registration for Agents, whereby every 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 moreover curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific mature 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 link and articles of association, etc. as the stroke may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in stroke of further 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 act 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 upholding to such effect;
- Authenticated copy of the domicile 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 extra related person has plenty reason that rules are not instinctive followed when regard to any project or by any agent later he can lodge a formal complaint taking into consideration the appropriate bureaucrat with valid proof of the matter 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 succeed to registration of renounce the application within 30 days of submitting of such application by the applicant in the department.