RERA was brought afterward a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring all the agencies under a common surveillance. Every entity operational in the real estate situation are compulsorily required to gain itself registered under RERA after the creation of the act. We give RERA consultancy services in Delhi for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the consent related formalities under RERA regime to ensure serene and easy launch of any project along the length and breadth of Delhi.
Who are required to get registered below RERA?
Following Entities are required to buy Registration below RERA:
- A Developer Starting a extra project
- A project which has commenced before 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 nevertheless started.
Is it mandatory to gain all the projects registered below RERA?
Government has exempted later than 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 endowment certificate was issued back the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public flyer and receiving any grant shall get its project registered behind RERA. Full details approaching the project is required to be truth in the application form, payment is made depending upon the built up area of the project. In accomplishment the builder/developer futile to get its project registered a big fine shall be imposed upon such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited report sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of contact parking areas and the number of covered parking areas open in the real estate project;
- Copy of the real title feat reflecting the title of the advocate to the land;
- Details of encumbrances upon the land on which onslaught is proposed including details of any rights, title, interest, dues, litigation and state of party in or exceeding such estate along later details;
- Where the supporter is not the owner of the land upon which increase is proposed details of the succeed to of the owner of the house along like a copy of the agreement;
- Name, photograph, contact details and address of the promoter.
- Agent Registration
In order to bring roughly a fair practice in Real home Sector and fall monopolistic gain admission to of the agents toward the customers, government has came going on with the concept of RERA Registration for Agents, whereby all agent must gain 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 period of get older 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 exploit may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in battle of extra 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 proceedings 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 announcement to such effect;
- Authenticated copy of the domicile 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 concurrence or any supplementary related person has satisfactory reason that rules are not brute followed bearing in mind regard to any project or by any agent then he can lodge a formal complaint subsequently the appropriate bureaucrat with valid proof of the business demanding him to see into the issue, by paying a momentum of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either inherit registration of disown the application within 30 days of submitting of such application by the applicant in the department.