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 anything the agencies under a common surveillance. Every entity committed in the genuine estate business are compulsorily required to gain itself registered below RERA after the inauguration of the act. We give RERA consultancy services in Bokaro for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the compliance related formalities under RERA regime to ensure smooth and simple launch of any project along the length and breadth of Bokaro.
Who are required to get registered below RERA?
Following Entities are required to get grip of Registration under RERA:
- A Developer Starting a additional project
- A project which has commenced past 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 gain all the projects registered under RERA?
Government has exempted afterward 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 capability certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must since making any public public notice and receiving any grant shall get its project registered bearing in mind RERA. Full details on the project is required to be resolution in the application form, payment is made depending upon the built up Place of the project. In lawsuit the builder/developer unsuccessful to get its project registered a big fine shall be imposed on such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited credit sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of entry parking areas and the number of covered parking areas nearby in the genuine estate project;
- Copy of the legal title execution reflecting the title of the supporter to the land;
- Details of encumbrances on the land upon which improvement is proposed including details of any rights, title, interest, dues, litigation and publish of party in or over such land along once details;
- Where the supporter is not the owner of the land on which spread is proposed details of the comply of the owner of the estate along as soon as a copy of the agreement;
- Name, photograph, contact details and house of the promoter.
- Agent Registration
In order to bring virtually a fair practice in Real home Sector and stop monopolistic gate of the agents toward the customers, government has came taking place with the concept of RERA Registration for Agents, whereby all agent must gain itself registered under RERA previously dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall then curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific epoch of era 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 proceedings may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in suit 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 warfare 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 assertion to such effect;
- Authenticated copy of the address 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 supplementary related person has sufficient reason that rules are not living thing followed past regard to any project or by any agent then he can lodge a formal complaint following the appropriate manager with legitimate proof of the business demanding him to look into the issue, by paying a spread of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either comply registration of renounce the application within 30 days of submitting of such application by the applicant in the department.