RERA was brought once 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 operational in the real estate situation are compulsorily required to gain itself registered under RERA after the creation of the act. We offer RERA consultancy services in Burmi for all 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 under RERA regime to ensure mild and easy launch of any project along the length and breadth of Burmi.
Who are required to gain registered below RERA?
Following Entities are required to attain Registration below RERA:
- A Developer Starting a new project
- A project which has commenced before onset of RERA but completion 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 once 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 completion 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 classified ad and receiving any grant shall gain its project registered next RERA. Full details a propos the project is required to be total in the application form, payment is made depending upon the built up Place of the project. In achievement the builder/developer futile to gain its project registered a huge fine shall be imposed upon such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited explanation sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of way in parking areas and the number of covered parking areas affable in the real estate project;
- Copy of the authentic title expertise reflecting the title of the supporter to the land;
- Details of encumbrances upon the land on which expansion is proposed including details of any rights, title, interest, dues, litigation and say of party in or greater than such house along behind details;
- Where the supporter is not the owner of the land on which money going on front is proposed details of the agree of the owner of the land along similar to a copy of the agreement;
- Name, photograph, contact details and residence of the promoter.
- Agent Registration
In order to bring more or less a fair practice in Real estate Sector and halt monopolistic gain right of entry to of the agents toward the customers, government has came occurring with the concept of RERA Registration for Agents, whereby all agent must get itself registered below RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall afterward curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific era of become old 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 connection and articles of association, etc. as the conflict may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in combat 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 raid 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 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 further related person has ample reason that rules are not subconscious followed in the same way as regard to any project or by any agent after that he can lodge a formal complaint next the appropriate manager with genuine proof of the event demanding him to look into the issue, by paying a money taking place front of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either comply registration of forswear the application within 30 days of submitting of such application by the applicant in the department.