RERA was brought as soon as a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring all the agencies under a common surveillance. Every entity involved in the real estate business are compulsorily required to gain itself registered under RERA after the creation of the act. We pay for RERA consultancy facilities in Bihar for everything 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 under RERA regime to ensure serene and easy launch of any project along the length and breadth of Bihar.
Who are required to get registered under RERA?
Following Entities are required to get bond of Registration under RERA:
- A Developer Starting a extra project
- A project which has commenced in the past onset of RERA but ability 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 nevertheless started.
Is it mandatory to gain all the projects registered below RERA?
Government has exempted gone 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 past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public advertisement and receiving any money shall gain its project registered past RERA. Full details not far off from the project is required to be complete in the application form, payment is made depending on the built up area of the project. In charge the builder/developer failed to gain its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited checking account sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of gain permission to parking areas and the number of covered parking areas understandable in the genuine estate project;
- Copy of the true title achievement reflecting the title of the promoter to the land;
- Details of encumbrances upon the land upon which press forward is proposed including details of any rights, title, interest, dues, litigation and say of party in or over such estate along similar to details;
- Where the promoter is not the owner of the land on which fee is proposed details of the come to of the owner of the home along following a copy of the agreement;
- Name, photograph, contact details and habitat of the promoter.
- Agent Registration
In order to bring not quite a fair practice in Real land Sector and decrease monopolistic gate of the agents toward the customers, government has came in the works with the concept of RERA Registration for Agents, whereby every agent must gain itself registered below RERA in the 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 become old of get older 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 dogfight may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in exploit of new 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 warfare 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 assertion to such effect;
- Authenticated copy of the dwelling proof of the place of business; and such other information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a conformity or any other related person has acceptable reason that rules are not beast followed in imitation of regard to any project or by any agent then he can lodge a formal complaint taking into consideration the appropriate overseer with genuine proof of the business demanding him to look into the issue, by paying a enhancement of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either ascend registration of renounce the application within 30 days of submitting of such application by the applicant in the department.