RERA was brought taking into account a view to bring in a uniformity in the Real Estate Business and to curb the harassment of customers and bring everything the agencies below a common surveillance. Every entity functional in the real estate matter are compulsorily required to gain itself registered below RERA after the introduction of the act. We come going on with the keep for RERA consultancy services in Muzaffarpur 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 easy launch of any project along the length and breadth of Muzaffarpur.
Who are required to gain registered below RERA?
Following Entities are required to come by Registration below RERA:
- A Developer Starting a extra project
- A project which has commenced back onset of RERA but triumph 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 under RERA?
Government has exempted as soon as 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 finishing certificate was issued before the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must past making any public announcement and receiving any money shall get its project registered taking into account RERA. Full details on the project is required to be perfect in the application form, payment is made depending on the built up area of the project. In conflict the builder/developer failed to gain its project registered a huge fine shall be imposed on such builder.
Documents Required for Project Registration below RERA:
- PAN card of the promoter;
- Audited credit sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of entrйe parking areas and the number of covered parking areas manageable in the real estate project;
- Copy of the real title realization reflecting the title of the advocate to the land;
- Details of encumbrances upon the land on which move ahead is proposed including details of any rights, title, interest, dues, litigation and publicize of party in or higher than such house along next details;
- Where the promoter is not the owner of the land on which improve is proposed details of the allow of the owner of the estate along bearing in mind a copy of the agreement;
- Name, photograph, contact details and house of the promoter.
- Agent Registration
In order to bring about a fair practice in Real estate Sector and fall monopolistic entrance of the agents toward the customers, government has came occurring 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 below a common purview and shall after that curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific grow old of get older 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 connection and articles of association, etc. as the clash may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in clash of supplementary 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 under 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 address proof of the place of business; and such further information and documents, as may be specified by the Authority in regulations.
- Complaint Registration
If any consumer, buyer, party to a arrangement or any extra related person has passable reason that rules are not monster followed in the same way as regard to any project or by any agent after that he can lodge a formal complaint bearing in mind the appropriate supervisor with authentic proof of the event demanding him to see into the issue, by paying a money occurring front of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either succeed to registration of disavow the application within 30 days of submitting of such application by the applicant in the department.