RERA was brought when 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 functioning in the real estate event are compulsorily required to get itself registered below RERA after the start of the act. We give RERA consultancy facilities in Budhha Colony for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the compliance related formalities under RERA regime to ensure smooth and simple launch of any project along the length and breadth of Budhha Colony.
Who are required to gain registered below RERA?
Following Entities are required to purchase Registration below RERA:
- A Developer Starting a further project
- A project which has commenced previously onset of RERA but execution 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 under RERA?
Government has exempted past 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 feat certificate was issued since the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must previously making any public public notice and receiving any money shall get its project registered behind RERA. Full details a propos the project is required to be resolution in the application form, payment is made depending on the built up Place of the project. In prosecution the builder/developer fruitless to gain its project registered a big fine shall be imposed on such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited savings account sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of entrance parking areas and the number of covered parking areas easy to accomplish to in the real estate project;
- Copy of the true title feat reflecting the title of the promoter to the land;
- Details of encumbrances on the land on which improve is proposed including details of any rights, title, interest, dues, litigation and publish of party in or on peak of such land along as soon as details;
- Where the promoter is not the owner of the land on which loan is proposed details of the agree of the owner of the home along next 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 fade away monopolistic open of the agents toward the customers, government has came stirring with the concept of RERA Registration for Agents, whereby every agent must gain itself registered under RERA before dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall as a consequence curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific mature of era 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 deed of extra 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 accomplishment 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 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 concord or any new related person has enough reason that rules are not subconscious followed afterward regard to any project or by any agent next he can lodge a formal complaint in the same way as the appropriate supervisor with legal proof of the thing demanding him to look into the issue, by paying a go forward of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either succeed to registration of forswear the application within 30 days of submitting of such application by the applicant in the department.