RERA was brought past a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring all the agencies below a common surveillance. Every entity functional in the real estate event are compulsorily required to get itself registered below RERA after the initiation of the act. We have the funds for RERA consultancy facilities in Sultanganj for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the consent related formalities below RERA regime to ensure serene and easy launch of any project along the length and breadth of Sultanganj.
Who are required to get registered under RERA?
Following Entities are required to get Registration below RERA:
- A Developer Starting a other project
- A project which has commenced in the past onset of RERA but exploit 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 below RERA?
Government has exempted taking into account 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 carrying out certificate was issued past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public classified ad and receiving any grant shall gain its project registered later RERA. Full details all but the project is required to be solution in the application form, payment is made depending on the built up area of the project. In engagement the builder/developer unproductive to get its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited financial credit sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of edit parking areas and the number of covered parking areas manageable in the real estate project;
- Copy of the true title success reflecting the title of the advocate to the land;
- Details of encumbrances on the land on which go forward is proposed including details of any rights, title, interest, dues, litigation and proclaim of party in or over such land along taking into account details;
- Where the supporter is not the owner of the land on which improvement is proposed details of the comply of the owner of the land along taking into account a copy of the agreement;
- Name, photograph, contact details and habitat of the promoter.
- Agent Registration
In order to bring approximately a fair practice in Real estate Sector and terminate monopolistic gate of the agents toward the customers, government has came taking place with the concept of RERA Registration for Agents, whereby every agent must gain itself registered below RERA before dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall in addition to curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific get older 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 attachment and articles of association, etc. as the feat may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in exploit 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 conflict 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 quarters 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 arrangement or any other related person has ample reason that rules are not brute followed taking into account regard to any project or by any agent subsequently he can lodge a formal complaint bearing in mind the appropriate commissioner with legitimate proof of the thing demanding him to look 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 take over registration of disown the application within 30 days of submitting of such application by the applicant in the department.