RERA was brought taking into consideration a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring whatever the agencies below a common surveillance. Every entity full of zip in the genuine estate thing are compulsorily required to get itself registered below RERA after the start of the act. We come occurring with the maintenance for RERA consultancy facilities in Ranchi for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the assent related formalities below RERA regime to ensure serene and simple launch of any project along the length and breadth of Ranchi.
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Who are required to get registered below RERA?
Following Entities are required to make a attain of Registration below RERA:
- A Developer Starting a other project
- A project which has commenced before onset of RERA but feat 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 below 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 attainment certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public poster and receiving any maintenance shall gain its project registered afterward RERA. Full details a propos the project is required to be resolved in the application form, payment is made depending upon the built up Place of the project. In fighting the builder/developer unsuccessful to get its project registered a huge fine shall be imposed upon such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited financial credit sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of right to use parking areas and the number of covered parking areas easy to complete to in the genuine estate project;
- Copy of the valid title success reflecting the title of the promoter to the land;
- Details of encumbrances on the land upon which progress is proposed including details of any rights, title, interest, dues, litigation and make known of party in or over such estate along similar to details;
- Where the promoter is not the owner of the land upon which progress is proposed details of the come to of the owner of the land along bearing in mind a copy of the agreement;
- Name, photograph, contact details and address of the promoter.
- Agent Registration
In order to bring practically a fair practice in Real home Sector and decline monopolistic entrйe of the agents toward the customers, government has came in the works with the concept of RERA Registration for Agents, whereby all agent must get itself registered below RERA back dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall as a consequence curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific time of become old 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 suit may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in fighting of supplementary entities;
- Authenticated copy of the PAN Card;
- Income tax returns filed below the provisions of the Income Tax Act, 1961 (Central Act 43 of 1961) for three financial years preceding the application or in conflict 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 verification to such effect;
- Authenticated copy of the domicile proof of the place of business; and such new information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a harmony or any extra related person has enough reason that rules are not innate followed as soon as regard to any project or by any agent subsequently he can lodge a formal complaint following the appropriate official with real proof of the situation demanding him to see into the issue, by paying a loan of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either attain registration of renounce the application within 30 days of submitting of such application by the applicant in the department.