RERA was brought bearing in mind 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 dynamic in the real estate business are compulsorily required to get itself registered below RERA after the introduction of the act. We pay for RERA consultancy services in Mahendru for anything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the acceptance related formalities below RERA regime to ensure smooth and easy launch of any project along the length and breadth of Mahendru.
Who are required to gain registered under RERA?
Following Entities are required to attain Registration below RERA:
- A Developer Starting a extra project
- A project which has commenced previously onset of RERA but feat 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 gain all the projects registered below RERA?
Government has exempted like 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 completion certificate was issued since the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must before making any public want ad and receiving any allowance shall gain its project registered next RERA. Full details in this area the project is required to be pure in the application form, payment is made depending upon the built up Place of the project. In exploit the builder/developer unsuccessful to gain 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 balance sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of gain entrance to parking areas and the number of covered parking areas welcoming in the real estate project;
- Copy of the real title finishing reflecting the title of the supporter to the land;
- Details of encumbrances upon the land on which improvement is proposed including details of any rights, title, interest, dues, litigation and read out of party in or on peak of such estate along subsequently details;
- Where the promoter is not the owner of the land upon which encroachment is proposed details of the come to of the owner of the estate along subsequently 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 estate Sector and decrease monopolistic gate of the agents toward the customers, government has came up with the concept of RERA Registration for Agents, whereby all agent must get itself registered under 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 time of time and is subject to renewal.
Information Required for Registering as an agent under 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 warfare may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in suit of new 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 achievement 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 habitat proof of the place of business; and such new information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a deal or any additional related person has ample reason that rules are not physical followed similar to regard to any project or by any agent later he can lodge a formal complaint bearing in mind the appropriate superintendent with legitimate proof of the thing demanding him to look into the issue, by paying a further of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either comply registration of give up the application within 30 days of submitting of such application by the applicant in the department.