RERA was brought in the declare 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 under a common surveillance. Every entity effective in the genuine estate event are compulsorily required to get itself registered under RERA after the instigation of the act. We allow RERA consultancy facilities in Patna City for everything 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 smooth and simple launch of any project along the length and breadth of Patna City.
Who are required to gain registered below RERA?
Following Entities are required to obtain Registration below RERA:
- A Developer Starting a new project
- A project which has commenced previously onset of RERA but talent 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 gain all the projects registered under RERA?
Government has exempted in the space of 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 ability certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public public notice and receiving any keep shall gain its project registered following RERA. Full details vis-а-vis the project is required to be answer in the application form, payment is made depending upon the built up area of the project. In accomplishment the builder/developer unproductive to gain its project registered a big fine shall be imposed on such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited explanation sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of entrйe parking areas and the number of covered parking areas friendly in the genuine estate project;
- Copy of the valid title deed reflecting the title of the promoter to the land;
- Details of encumbrances upon the land on which spread is proposed including details of any rights, title, interest, dues, litigation and publicize of party in or beyond such house along subsequent to details;
- Where the advocate is not the owner of the land on which forward movement is proposed details of the enter upon of the owner of the home along like a copy of the agreement;
- Name, photograph, contact details and domicile of the promoter.
- Agent Registration
In order to bring nearly a fair practice in Real house Sector and subside monopolistic open 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 under RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall as a consequence curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific time of period 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 proceedings may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in warfare of additional 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 exploit 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 pronouncement 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 concurrence or any extra related person has sufficient reason that rules are not creature followed as soon as regard to any project or by any agent subsequently he can lodge a formal complaint in the same way as the appropriate governor with real proof of the issue demanding him to see into the issue, by paying a fee of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either succeed to registration of disown the application within 30 days of submitting of such application by the applicant in the department.