RERA was brought next a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring anything the agencies below a common surveillance. Every entity enthusiastic in the real estate business are compulsorily required to get itself registered under RERA after the instigation of the act. We manage to pay for RERA consultancy facilities in Rajendra Nagar for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the submission related formalities under RERA regime to ensure mild and simple launch of any project along the length and breadth of Rajendra Nagar.
Who are required to get registered below RERA?
Following Entities are required to gain Registration under RERA:
- A Developer Starting a supplementary 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 still started.
Is it mandatory to get all the projects registered under RERA?
Government has exempted when 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 deed certificate was issued before the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public poster and receiving any allowance shall get its project registered as soon as RERA. Full details around the project is required to be supreme in the application form, payment is made depending on the built up Place of the project. In exploit the builder/developer bungled to get 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 relation sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of edit parking areas and the number of covered parking areas genial in the real estate project;
- Copy of the authenticated title deed reflecting the title of the promoter to the land;
- Details of encumbrances upon the land upon which develop is proposed including details of any rights, title, interest, dues, litigation and make known of party in or more than such land along in imitation of details;
- Where the advocate is not the owner of the land on which improvement is proposed details of the ascend of the owner of the home along following a copy of the agreement;
- Name, photograph, contact details and house of the promoter.
- Agent Registration
In order to bring nearly a fair practice in Real estate Sector and fall monopolistic entrance 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 below 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 era of era 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 achievement may be;
- Photograph of the real 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 court case 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 encouragement to such effect;
- Authenticated copy of the dwelling 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 conformity or any additional related person has enough reason that rules are not being followed in the same way as regard to any project or by any agent subsequently he can lodge a formal complaint taking into consideration the appropriate commissioner with real proof of the situation demanding him to see into the issue, by paying a progress of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either succeed to registration of forswear the application within 30 days of submitting of such application by the applicant in the department.