RERA was brought with 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 genuine estate concern are compulsorily required to gain itself registered below RERA after the introduction of the act. We give RERA consultancy services in Supaul for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of everything the submission related formalities under RERA regime to ensure smooth and simple launch of any project along the length and breadth of Supaul.
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Who are required to gain registered below RERA?
Following Entities are required to buy Registration below RERA:
- A Developer Starting a new project
- A project which has commenced past onset of RERA but capability 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 like 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 attainment certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must since making any public poster and receiving any allowance shall gain its project registered considering RERA. Full details vis-а-vis the project is required to be unmodified in the application form, payment is made depending on the built up Place of the project. In act the builder/developer unsuccessful to gain 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 relation sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of log on parking areas and the number of covered parking areas open in the real estate project;
- Copy of the true title attainment reflecting the title of the advocate to the land;
- Details of encumbrances on the land on which spread is proposed including details of any rights, title, interest, dues, litigation and publish of party in or higher than such land along once details;
- Where the promoter is not the owner of the land on which develop is proposed details of the ascend of the owner of the estate along considering a copy of the agreement;
- Name, photograph, contact details and house of the promoter.
- Agent Registration
In order to bring roughly a fair practice in Real house Sector and terminate monopolistic retrieve 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 below RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall after that curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific get older of epoch 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 membership and articles of association, etc. as the accomplishment may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in stroke of new 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 accomplishment 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 statement to such effect;
- Authenticated copy of the house proof of the place of business; and such other information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a concurrence or any supplementary related person has enough reason that rules are not brute followed past regard to any project or by any agent subsequently he can lodge a formal complaint in imitation of the appropriate officer with authentic proof of the event demanding him to look into the issue, by paying a press forward of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either agree registration of disown the application within 30 days of submitting of such application by the applicant in the department.