RERA was brought considering a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring everything the agencies below a common surveillance. Every entity enthusiastic in the real estate matter are compulsorily required to gain itself registered under RERA after the launch of the act. We present RERA consultancy services in Aurangabad for whatever 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 smooth and easy launch of any project along the length and breadth of Aurangabad.
Who are required to gain registered under RERA?
Following Entities are required to get Registration under RERA:
- A Developer Starting a supplementary project
- A project which has commenced past onset of RERA but ability 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 get all the projects registered under RERA?
Government has exempted with 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 expertise certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must previously making any public trailer and receiving any maintenance shall get its project registered in imitation of RERA. Full details around the project is required to be supreme in the application form, payment is made depending upon the built up area of the project. In clash the builder/developer failed to get 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 relation sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of entry parking areas and the number of covered parking areas user-friendly in the real estate project;
- Copy of the real title realization reflecting the title of the supporter to the land;
- Details of encumbrances on the land upon which development is proposed including details of any rights, title, interest, dues, litigation and broadcast of party in or greater than such house along with details;
- Where the supporter is not the owner of the land on which spread is proposed details of the grant of the owner of the estate along with a copy of the agreement;
- Name, photograph, contact details and house of the promoter.
- Agent Registration
In order to bring approximately a fair practice in Real land Sector and stop monopolistic get into of the agents toward the customers, government has came in the works with the concept of RERA Registration for Agents, whereby every 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 furthermore curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific become old 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 membership and articles of association, etc. as the case may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in feat 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 exploit 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 house 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 harmony or any new related person has ample reason that rules are not subconscious followed like regard to any project or by any agent then he can lodge a formal complaint when the appropriate proprietor with valid proof of the matter demanding him to look into the issue, by paying a expansion of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either grant registration of disown the application within 30 days of submitting of such application by the applicant in the department.