RERA was brought gone a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring whatever the agencies below a common surveillance. Every entity full of life in the genuine estate event are compulsorily required to get itself registered below RERA after the commencement of the act. We provide RERA consultancy facilities in Motihari for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the assent related formalities below RERA regime to ensure mild and simple launch of any project along the length and breadth of Motihari.
Who are required to get registered below RERA?
Following Entities are required to obtain Registration under RERA:
- A Developer Starting a further project
- A project which has commenced before onset of RERA but carrying out 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 next projects from the purview of RERA:
- Renovation Projects
- Project having Place less than or equal to 500 sq ft or where the number of apartment is less than 8.
- A project whose skill certificate was issued since the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public public notice and receiving any keep shall get its project registered following RERA. Full details with insinuation to the project is required to be firm in the application form, payment is made depending upon the built up Place of the project. In court case the builder/developer failed to gain its project registered a huge fine shall be imposed on such builder.
Documents Required for Project Registration under RERA:
- PAN card of the promoter;
- Audited bank account sheet for the preceding financial year and pension tax returns for three preceding financial years;
- The number of admittance parking areas and the number of covered parking areas easily reached in the genuine estate project;
- Copy of the legal title completion reflecting the title of the advocate to the land;
- Details of encumbrances on the land on which increase is proposed including details of any rights, title, interest, dues, litigation and state of party in or on culmination of such home along in the announce of details;
- Where the supporter is not the owner of the land upon which development is proposed details of the succeed to of the owner of the house along gone a copy of the agreement;
- Name, photograph, contact details and dwelling of the promoter.
- Agent Registration
In order to bring about a fair practice in Real land Sector and decrease monopolistic retrieve of the agents toward the customers, government has came in the works 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 then curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific grow old of mature 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 feat may be;
- Photograph of the genuine estate agent if he is an individual and the photograph of the partners, directors, etc., in case 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 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 encouragement to such effect;
- Authenticated copy of the house proof of the place of business; and such extra information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a covenant or any extra related person has passable reason that rules are not being followed next regard to any project or by any agent next he can lodge a formal complaint subsequent to the appropriate governor with genuine proof of the matter demanding him to look into the issue, by paying a move forward of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either allow registration of forswear the application within 30 days of submitting of such application by the applicant in the department.