RERA was brought past a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring all the agencies below a common surveillance. Every entity operational in the real estate situation are compulsorily required to gain itself registered under RERA after the inauguration of the act. We manage to pay for RERA consultancy facilities in Lohardaga for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the submission related formalities under RERA regime to ensure mild and easy launch of any project along the length and breadth of Lohardaga.
Who are required to gain registered below RERA?
Following Entities are required to get union of Registration below RERA:
- A Developer Starting a extra project
- A project which has commenced back onset of RERA but deed 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 gain all the projects registered below RERA?
Government has exempted bearing in mind 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 completion certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must since making any public public notice and receiving any grant shall gain its project registered with RERA. Full details in the region of the project is required to be solution in the application form, payment is made depending upon the built up area of the project. In act the builder/developer unsuccessful to gain its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited explanation sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of open parking areas and the number of covered parking areas to hand in the real estate project;
- Copy of the authentic title endowment reflecting the title of the supporter to the land;
- Details of encumbrances upon the land upon which development is proposed including details of any rights, title, interest, dues, litigation and publish of party in or exceeding such land along like details;
- Where the advocate is not the owner of the land upon which increase is proposed details of the succeed to of the owner of the home along in imitation of a copy of the agreement;
- Name, photograph, contact details and quarters of the promoter.
- Agent Registration
In order to bring more or less a fair practice in Real estate Sector and decrease monopolistic edit of the agents toward the customers, government has came up with the concept of RERA Registration for Agents, whereby every agent must gain itself registered below RERA back dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall moreover curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific epoch 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 association and articles of association, etc. as the accomplishment may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in lawsuit 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 dogfight 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 avowal to such effect;
- Authenticated copy of the residence proof of the place of business; and such supplementary information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a understanding or any extra related person has satisfactory reason that rules are not being followed bearing in mind regard to any project or by any agent then he can lodge a formal complaint bearing in mind the appropriate bureaucrat with real proof of the issue demanding him to see into the issue, by paying a expansion of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either attain registration of disown the application within 30 days of submitting of such application by the applicant in the department.