RERA was brought later 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 effective in the real estate concern are compulsorily required to get itself registered below RERA after the start of the act. We offer RERA consultancy services in Ghoswari for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of all the compliance related formalities below RERA regime to ensure smooth and simple launch of any project along the length and breadth of Ghoswari.
Who are required to get registered below RERA?
Following Entities are required to attain Registration below RERA:
- A Developer Starting a supplementary project
- A project which has commenced before onset of RERA but ability 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 similar to 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 achievement certificate was issued previously the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public classified ad and receiving any child maintenance shall gain its project registered taking into account RERA. Full details more or less the project is required to be firm in the application form, payment is made depending on the built up area of the project. In prosecution the builder/developer futile 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 version sheet for the preceding financial year and income tax returns for three preceding financial years;
- The number of gate parking areas and the number of covered parking areas simple in the genuine estate project;
- Copy of the valid title attainment reflecting the title of the supporter to the land;
- Details of encumbrances on the land upon which expand is proposed including details of any rights, title, interest, dues, litigation and declare of party in or higher than such home along bearing in mind details;
- Where the supporter is not the owner of the land on which move forward is proposed details of the inherit of the owner of the estate along once a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring very nearly a fair practice in Real land 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 get itself registered under RERA past 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 become old of become old 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 exploit may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in act 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 war 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 pronouncement to such effect;
- Authenticated copy of the quarters 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 conformity or any supplementary related person has enough reason that rules are not living thing followed behind regard to any project or by any agent subsequently he can lodge a formal complaint similar to the appropriate officer 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 inherit registration of renounce the application within 30 days of submitting of such application by the applicant in the department.