RERA was brought like a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring all the agencies below a common surveillance. Every entity functioning in the genuine estate business are compulsorily required to get itself registered under RERA after the creation of the act. We provide RERA consultancy services in Boring Road for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the acceptance related formalities below RERA regime to ensure serene and easy launch of any project along the length and breadth of Boring Road.
Who are required to get registered under RERA?
Following Entities are required to purchase Registration under RERA:
- A Developer Starting a new project
- A project which has commenced since onset of RERA but triumph 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 yet started.
Is it mandatory to get all the projects registered under RERA?
Government has exempted next 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 triumph certificate was issued before the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must in the past making any public trailer and receiving any keep shall gain its project registered considering RERA. Full details almost the project is required to be fixed in the application form, payment is made depending upon the built up area of the project. In act the builder/developer fruitless to gain 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 report sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of log on parking areas and the number of covered parking areas easy to accomplish to in the real estate project;
- Copy of the true title deed reflecting the title of the advocate to the land;
- Details of encumbrances upon the land on which press forward is proposed including details of any rights, title, interest, dues, litigation and broadcast of party in or higher than such house along once details;
- Where the advocate is not the owner of the land upon which money occurring front is proposed details of the succeed to of the owner of the land along in imitation of a copy of the agreement;
- Name, photograph, contact details and domicile of the promoter.
- Agent Registration
In order to bring roughly a fair practice in Real house Sector and stop monopolistic admittance of the agents toward the customers, government has came up with the concept of RERA Registration for Agents, whereby all agent must get itself registered below RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall moreover 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 feat may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in skirmish 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 proceedings 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 avowal to such effect;
- Authenticated copy of the residence 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 settlement or any new related person has acceptable reason that rules are not monster followed following regard to any project or by any agent next he can lodge a formal complaint with the appropriate officer with valid proof of the issue demanding him to look into the issue, by paying a onslaught of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either enter upon registration of reject the application within 30 days of submitting of such application by the applicant in the department.