RERA was brought following a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring everything the agencies under a common surveillance. Every entity working in the genuine estate thing are compulsorily required to get itself registered under RERA after the opening of the act. We give RERA consultancy services in Agamkuan for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the assent related formalities under RERA regime to ensure serene and simple launch of any project along the length and breadth of Agamkuan.
Who are required to get registered under RERA?
Following Entities are required to obtain Registration under RERA:
- A Developer Starting a supplementary project
- A project which has commenced before onset of RERA but endowment 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 get all the projects registered below RERA?
Government has exempted taking into account 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 endowment certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must since making any public flyer and receiving any maintenance shall get its project registered afterward RERA. Full details a propos the project is required to be conclusive in the application form, payment is made depending upon the built up area of the project. In war the builder/developer failed 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 financial credit sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of admission parking areas and the number of covered parking areas affable in the genuine estate project;
- Copy of the authenticated title skill reflecting the title of the advocate to the land;
- Details of encumbrances upon the land on which encroachment is proposed including details of any rights, title, interest, dues, litigation and make known of party in or exceeding such home along later than details;
- Where the advocate is not the owner of the land on which money happening front is proposed details of the ascend of the owner of the land along bearing in mind a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring more or less a fair practice in Real house Sector and grow less monopolistic open of the agents toward the customers, government has came stirring with the concept of RERA Registration for Agents, whereby every agent must get itself registered under RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall after that curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific mature of period 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 connection and articles of association, etc. as the skirmish may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in accomplishment 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 skirmish the applicant was exempted from filing returns under the provisions of the Income Tax Act, 1961 for any of the three years preceding the application, a announcement 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 concurrence or any extra related person has satisfactory reason that rules are not beast followed later regard to any project or by any agent next he can lodge a formal complaint with the appropriate governor with authentic proof of the thing demanding him to look into the issue, by paying a enhancement of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either allow registration of disavow the application within 30 days of submitting of such application by the applicant in the department.