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 whatever the agencies below a common surveillance. Every entity keen in the real estate matter are compulsorily required to gain itself registered below RERA after the establishment of the act. We offer RERA consultancy services in Kaimur for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the compliance related formalities under RERA regime to ensure mild and simple launch of any project along the length and breadth of Kaimur.
Who are required to gain registered under RERA?
Following Entities are required to gain Registration below RERA:
- A Developer Starting a further project
- A project which has commenced back onset of RERA but realization 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 considering 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 talent certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must in the past making any public flyer and receiving any grant shall get its project registered similar to RERA. Full details approximately the project is required to be unchangeable in the application form, payment is made depending on the built up area of the project. In raid the builder/developer futile to get 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 bill sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of entrance parking areas and the number of covered parking areas easy to use in the real estate project;
- Copy of the legitimate title capability reflecting the title of the promoter to the land;
- Details of encumbrances on the land upon which take forward is proposed including details of any rights, title, interest, dues, litigation and publicize of party in or greater than such estate along taking into account details;
- Where the supporter is not the owner of the land on which improvement is proposed details of the consent of the owner of the home along later a copy of the agreement;
- Name, photograph, contact details and domicile of the promoter.
- Agent Registration
In order to bring very nearly a fair practice in Real house Sector and terminate monopolistic open of the agents toward the customers, government has came happening with the concept of RERA Registration for Agents, whereby all agent must gain itself registered under RERA before dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall next curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific epoch of epoch 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 link and articles of association, etc. as the stroke may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in fighting of other 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 skirmish 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 statement to such effect;
- Authenticated copy of the house 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 contract or any further related person has acceptable reason that rules are not brute followed when regard to any project or by any agent subsequently he can lodge a formal complaint subsequent to the appropriate governor with valid proof of the situation demanding him to see into the issue, by paying a momentum of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either agree registration of give up the application within 30 days of submitting of such application by the applicant in the department.