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 whatever the agencies below a common surveillance. Every entity working in the genuine estate thing are compulsorily required to gain itself registered below RERA after the creation of the act. We allow RERA consultancy facilities in Khagaul for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the compliance related formalities below RERA regime to ensure mild and easy launch of any project along the length and breadth of Khagaul.
Who are required to gain registered below RERA?
Following Entities are required to get your hands on Registration under RERA:
- A Developer Starting a extra project
- A project which has commenced back 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 yet started.
Is it mandatory to get all the projects registered under RERA?
Government has exempted as soon as 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 achievement certificate was issued past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must in the past making any public advertisement and receiving any money shall get its project registered in the same way as RERA. Full details re the project is required to be conclusive in the application form, payment is made depending on the built up area of the project. In case the builder/developer unproductive to get its project registered a huge fine shall be imposed on such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited tally sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of log on parking areas and the number of covered parking areas reachable in the genuine estate project;
- Copy of the real title deed reflecting the title of the supporter to the land;
- Details of encumbrances upon the land on which progress is proposed including details of any rights, title, interest, dues, litigation and say of party in or higher than such land along behind details;
- Where the advocate is not the owner of the land upon which enhance is proposed details of the comply of the owner of the house along bearing in mind a copy of the agreement;
- Name, photograph, contact details and habitat of the promoter.
- Agent Registration
In order to bring practically a fair practice in Real home Sector and halt monopolistic contact of the agents toward the customers, government has came going on with the concept of RERA Registration for Agents, whereby every agent must gain itself registered below RERA previously dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall in addition to curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific times of time 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 act may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in prosecution of supplementary 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 clash 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 encouragement to such effect;
- Authenticated copy of the residence 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 accord or any supplementary related person has sufficient reason that rules are not innate followed considering regard to any project or by any agent next he can lodge a formal complaint in the publicize of the appropriate official with legal proof of the matter demanding him to see into the issue, by paying a develop of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either succeed to registration of renounce the application within 30 days of submitting of such application by the applicant in the department.