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 below a common surveillance. Every entity operating in the genuine estate issue are compulsorily required to get itself registered below RERA after the instigation of the act. We provide RERA consultancy facilities in Fraser Road for anything 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 mild and easy launch of any project along the length and breadth of Fraser Road.
Who are required to get registered below RERA?
Following Entities are required to purchase Registration under RERA:
- A Developer Starting a further project
- A project which has commenced back onset of RERA but attainment 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 still 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 feat certificate was issued since the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must before making any public personal ad and receiving any keep shall get its project registered with RERA. Full details on the order of the project is required to be resolution in the application form, payment is made depending upon the built up Place of the project. In warfare the builder/developer failed to gain 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 description sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of admission parking areas and the number of covered parking areas to hand in the genuine estate project;
- Copy of the authenticated title exploit reflecting the title of the advocate to the land;
- Details of encumbrances upon the land on which go forward is proposed including details of any rights, title, interest, dues, litigation and publish of party in or beyond such land along in the same way as details;
- Where the promoter is not the owner of the land on which progress is proposed details of the assent of the owner of the estate along later a copy of the agreement;
- Name, photograph, contact details and address of the promoter.
- Agent Registration
In order to bring very nearly a fair practice in Real land Sector and fall monopolistic right of entry of the agents toward the customers, government has came up with the concept of RERA Registration for Agents, whereby every agent must gain itself registered below RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall after that curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific get older of become old 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 skirmish may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in engagement 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 act 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 declaration to such effect;
- Authenticated copy of the domicile 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 settlement or any additional related person has ample reason that rules are not swine followed afterward regard to any project or by any agent next he can lodge a formal complaint behind the appropriate proprietor with real proof of the matter demanding him to look into the issue, by paying a expansion of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either attain registration of reject the application within 30 days of submitting of such application by the applicant in the department.