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 anything the agencies below a common surveillance. Every entity functional in the genuine estate issue are compulsorily required to gain itself registered under RERA after the initiation of the act. We allow RERA consultancy services in Katihar for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the submission related formalities below RERA regime to ensure serene and easy launch of any project along the length and breadth of Katihar.
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Who are required to get registered under RERA?
Following Entities are required to obtain Registration below RERA:
- A Developer Starting a supplementary project
- A project which has commenced before onset of RERA but success 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 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 exploit certificate was issued before the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public poster and receiving any child maintenance shall get its project registered past RERA. Full details concerning the project is required to be unmovable in the application form, payment is made depending on the built up area of the project. In court case the builder/developer futile 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 pension tax returns for three preceding financial years;
- The number of way in parking areas and the number of covered parking areas welcoming in the real estate project;
- Copy of the legal title exploit reflecting the title of the promoter to the land;
- Details of encumbrances on the land on which loan is proposed including details of any rights, title, interest, dues, litigation and broadcast of party in or beyond such home along once 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 land along like a copy of the agreement;
- Name, photograph, contact details and domicile of the promoter.
- Agent Registration
In order to bring more or less a fair practice in Real home Sector and end monopolistic retrieve of the agents toward the customers, government has came happening with the concept of RERA Registration for Agents, whereby every agent must get itself registered under RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall as well as curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific time of epoch 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 attachment 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 proceedings of further 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 court case 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 verification to such effect;
- Authenticated copy of the domicile proof of the place of business; and such extra 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 ample reason that rules are not brute followed as soon as regard to any project or by any agent then he can lodge a formal complaint like the appropriate overseer with valid proof of the issue demanding him to look into the issue, by paying a expand of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either grant registration of renounce the application within 30 days of submitting of such application by the applicant in the department.