RERA was brought gone a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring whatever the agencies under a common surveillance. Every entity enthusiastic in the genuine estate thing are compulsorily required to gain itself registered below RERA after the opening of the act. We give RERA consultancy services in Rajeev Nagar for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the submission related formalities below RERA regime to ensure smooth and easy launch of any project along the length and breadth of Rajeev Nagar.
Who are required to get registered below RERA?
Following Entities are required to attain Registration under RERA:
- A Developer Starting a additional project
- A project which has commenced past 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 nevertheless started.
Is it mandatory to gain all the projects registered under RERA?
Government has exempted once 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 realization certificate was issued before the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public commercial and receiving any money shall gain its project registered afterward RERA. Full details on the order of the project is required to be complete in the application form, payment is made depending on the built up area of the project. In achievement the builder/developer unproductive to get its project registered a huge fine shall be imposed on such builder.
Documents Required for Project Registration under 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 admission parking areas and the number of covered parking areas clear in the real estate project;
- Copy of the genuine title carrying out reflecting the title of the supporter to the land;
- Details of encumbrances on the land on which further is proposed including details of any rights, title, interest, dues, litigation and read out of party in or exceeding such land along like details;
- Where the supporter is not the owner of the land on which go ahead is proposed details of the consent of the owner of the house along next a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring more or less a fair practice in Real home Sector and decrease monopolistic retrieve of the agents toward the customers, government has came occurring with the concept of RERA Registration for Agents, whereby all agent must gain itself registered below RERA in the past dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall next 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 relationship 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 dogfight of other 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 case 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 confirmation to such effect;
- Authenticated copy of the habitat 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 understanding or any extra related person has tolerable reason that rules are not instinctive followed in the same way as regard to any project or by any agent next he can lodge a formal complaint past the appropriate proprietor with legal proof of the event 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 grant registration of forswear the application within 30 days of submitting of such application by the applicant in the department.