RERA was brought as soon as 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 working in the genuine estate issue are compulsorily required to get itself registered under RERA after the inauguration of the act. We provide RERA consultancy services in Lalpur for whatever types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the compliance related formalities below RERA regime to ensure smooth and easy launch of any project along the length and breadth of Lalpur.
Who are required to get registered below RERA?
Following Entities are required to make a make a attainment of of Registration below RERA:
- A Developer Starting a additional project
- A project which has commenced before onset of RERA but completion 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 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 expertise certificate was issued since the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must before making any public trailer and receiving any money shall gain its project registered with RERA. Full details going on the order of for the project is required to be unqualified in the application form, payment is made depending upon the built up area of the project. In court case the builder/developer unsuccessful to get its project registered a huge fine shall be imposed upon 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 entry parking areas and the number of covered parking areas user-friendly in the real estate project;
- Copy of the authentic title achievement reflecting the title of the promoter to the land;
- Details of encumbrances on the land on which move ahead is proposed including details of any rights, title, interest, dues, litigation and declare of party in or higher than such home along next details;
- Where the promoter is not the owner of the land upon which build up is proposed details of the allow of the owner of the land along behind 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 house Sector and terminate monopolistic read of the agents toward the customers, government has came taking place with the concept of RERA Registration for Agents, whereby every agent must get itself registered under RERA since dealing in Real Estate Activities. This step will bring Agent-Client transaction under a common purview and shall with curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific times of time 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 association and articles of association, etc. as the proceedings may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in feat of further 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 court case 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 quarters proof of the place of business; and such additional information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a accord or any new related person has plenty reason that rules are not inborn followed next regard to any project or by any agent after that he can lodge a formal complaint as soon as the appropriate officer with true proof of the business demanding him to look into the issue, by paying a move on of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either comply registration of disown the application within 30 days of submitting of such application by the applicant in the department.