RERA was brought in the make public of 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 committed in the real estate issue are compulsorily required to get itself registered under RERA after the commencement of the act. We come occurring with the child support for RERA consultancy services in Exhibition Road for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the consent related formalities below RERA regime to ensure mild and simple launch of any project along the length and breadth of Exhibition Road.
Who are required to get registered below RERA?
Following Entities are required to attain Registration under RERA:
- A Developer Starting a other project
- A project which has commenced since 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 yet started.
Is it mandatory to get all the projects registered below RERA?
Government has exempted when 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 deed 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 public notice and receiving any child maintenance shall get its project registered subsequently RERA. Full details in the region of the project is required to be given in the application form, payment is made depending on the built up area of the project. In suit the builder/developer futile to get its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited bill sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of read parking areas and the number of covered parking areas easy to pull off to in the genuine estate project;
- Copy of the authentic title expertise reflecting the title of the promoter to the land;
- Details of encumbrances on the land on which move ahead is proposed including details of any rights, title, interest, dues, litigation and herald of party in or beyond such home along following details;
- Where the promoter is not the owner of the land upon which progress is proposed details of the grant of the owner of the land along subsequent to a copy of the agreement;
- Name, photograph, contact details and residence of the promoter.
- Agent Registration
In order to bring approximately a fair practice in Real home Sector and halt monopolistic right to use of the agents toward the customers, government has came up with the concept of RERA Registration for Agents, whereby every agent must gain itself registered below RERA back dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall in addition to curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific period of period 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 link and articles of association, etc. as the conflict may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in charge of supplementary 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 conflict 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 habitat proof of the place of business; and such supplementary information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a arrangement or any new related person has plenty reason that rules are not subconscious followed in imitation of regard to any project or by any agent next he can lodge a formal complaint gone the appropriate overseer with true proof of the situation demanding him to see into the issue, by paying a loan of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either assent registration of renounce the application within 30 days of submitting of such application by the applicant in the department.