RERA was brought later a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring whatever the agencies under a common surveillance. Every entity enthusiastic in the genuine estate event are compulsorily required to gain itself registered below RERA after the inauguration of the act. We manage to pay for RERA consultancy facilities in West Singhbhum for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the compliance related formalities under RERA regime to ensure serene and simple launch of any project along the length and breadth of West Singhbhum.
Who are required to get registered below RERA?
Following Entities are required to come by Registration below RERA:
- A Developer Starting a new project
- A project which has commenced back onset of RERA but achievement 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 once 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 achievement certificate was issued since the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must before making any public flyer and receiving any child support shall gain its project registered later RERA. Full details concerning the project is required to be pure in the application form, payment is made depending on the built up Place of the project. In raid the builder/developer unproductive to get its project registered a huge fine shall be imposed on such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited version sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of log on parking areas and the number of covered parking areas reachable in the real estate project;
- Copy of the true title attainment reflecting the title of the promoter to the land;
- Details of encumbrances on the land upon which spread is proposed including details of any rights, title, interest, dues, litigation and proclaim of party in or higher than such house along once details;
- Where the promoter is not the owner of the land upon which go ahead is proposed details of the take over of the owner of the land along like a copy of the agreement;
- Name, photograph, contact details and quarters of the promoter.
- Agent Registration
In order to bring just about a fair practice in Real land Sector and grow less monopolistic get into of the agents toward the customers, government has came up with the concept of RERA Registration for Agents, whereby all agent must gain itself registered below RERA previously dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall as well as curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific era 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 connection and articles of association, etc. as the combat may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in warfare of extra 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 accomplishment 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 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 settlement or any extra related person has passable reason that rules are not swine followed afterward regard to any project or by any agent then he can lodge a formal complaint as soon as the appropriate commissioner with genuine proof of the thing demanding him to look into the issue, by paying a enhance of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either come to registration of disown the application within 30 days of submitting of such application by the applicant in the department.