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 everything the agencies under a common surveillance. Every entity involved in the real estate issue are compulsorily required to get itself registered under RERA after the commencement of the act. We give RERA consultancy facilities in Gandhi Maidan for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the compliance related formalities under RERA regime to ensure smooth and easy launch of any project along the length and breadth of Gandhi Maidan.
Who are required to get registered under RERA?
Following Entities are required to buy Registration below RERA:
- A Developer Starting a other project
- A project which has commenced previously onset of RERA but talent 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 deed certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must before making any public want ad and receiving any money shall gain its project registered following RERA. Full details around the project is required to be firm in the application form, payment is made depending on the built up area of the project. In battle the builder/developer fruitless to gain its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited description 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 understandable in the real estate project;
- Copy of the authenticated title realization reflecting the title of the supporter to the land;
- Details of encumbrances upon the land upon which encroachment is proposed including details of any rights, title, interest, dues, litigation and state of party in or higher than such home along gone details;
- Where the advocate is not the owner of the land upon which progress is proposed details of the enter upon of the owner of the land along when a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring nearly a fair practice in Real land Sector and subside monopolistic admittance of the agents toward the customers, government has came taking place with the concept of RERA Registration for Agents, whereby every agent must get itself registered below RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall plus curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific epoch of times 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 attachment and articles of association, etc. as the raid may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in encounter of other 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 lawsuit 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 pronouncement to such effect;
- Authenticated copy of the address proof of the place of business; and such further information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a union or any other related person has tolerable reason that rules are not bodily followed when regard to any project or by any agent subsequently he can lodge a formal complaint similar to the appropriate official with real proof of the business demanding him to see into the issue, by paying a fee of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either consent registration of disown the application within 30 days of submitting of such application by the applicant in the department.