RERA was brought when a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring everything the agencies below a common surveillance. Every entity on the go in the real estate business are compulsorily required to gain itself registered below RERA after the establishment of the act. We have the funds for RERA consultancy services in Sahebganj 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 below RERA regime to ensure mild and simple launch of any project along the length and breadth of Sahebganj.
Who are required to get registered under RERA?
Following Entities are required to get sticking to of Registration below RERA:
- A Developer Starting a supplementary project
- A project which has commenced back onset of RERA but completion 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 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 completion certificate was issued back the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must since making any public public notice and receiving any maintenance shall get its project registered taking into consideration RERA. Full details approximately the project is required to be total in the application form, payment is made depending upon the built up Place of the project. In clash the builder/developer failed to get its project registered a big fine shall be imposed on such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited tally sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of read parking areas and the number of covered parking areas open in the genuine estate project;
- Copy of the legitimate title finishing reflecting the title of the promoter to the land;
- Details of encumbrances on the land upon which evolve is proposed including details of any rights, title, interest, dues, litigation and name of party in or higher than such estate along later than details;
- Where the supporter is not the owner of the land on which move ahead is proposed details of the ascend of the owner of the home along afterward a copy of the agreement;
- Name, photograph, contact details and quarters of the promoter.
- Agent Registration
In order to bring very nearly a fair practice in Real home Sector and terminate monopolistic log on of the agents toward the customers, government has came taking place 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 with curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific grow old 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 membership and articles of association, etc. as the conflict may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in war of further 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 skirmish 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 domicile 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 concord or any other related person has ample reason that rules are not living thing followed with regard to any project or by any agent then he can lodge a formal complaint in imitation of the appropriate supervisor with legitimate proof of the situation demanding him to see into the issue, by paying a press on of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either assent registration of disavow the application within 30 days of submitting of such application by the applicant in the department.