RERA was brought past 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 in force in the genuine estate issue are compulsorily required to get itself registered below RERA after the instigation of the act. We give RERA consultancy facilities in Patna for all types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of anything the consent related formalities below RERA regime to ensure mild and simple launch of any project along the length and breadth of Patna.
Who are required to get registered under RERA?
Following Entities are required to buy Registration below RERA:
- A Developer Starting a further project
- A project which has commenced past 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 gain all the projects registered under RERA?
Government has exempted subsequent 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 realization certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must back making any public poster and receiving any keep shall get its project registered similar to RERA. Full details re the project is required to be definite in the application form, payment is made depending on the built up Place of the project. In achievement the builder/developer failed 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 balance sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of right to use parking areas and the number of covered parking areas clear in the genuine estate project;
- Copy of the authentic title skill reflecting the title of the supporter to the land;
- Details of encumbrances upon the land on which onslaught is proposed including details of any rights, title, interest, dues, litigation and proclaim of party in or over such estate along as soon as details;
- Where the supporter is not the owner of the land on which take forward is proposed details of the comply of the owner of the estate along subsequently a copy of the agreement;
- Name, photograph, contact details and habitat of the promoter.
- Agent Registration
In order to bring about a fair practice in Real estate Sector and grow less monopolistic admittance of the agents toward the customers, government has came stirring with the concept of RERA Registration for Agents, whereby all agent must gain itself registered under RERA past dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall as well as curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific become old of times 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 act may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in conflict 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 war 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 support to such effect;
- Authenticated copy of the house 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 pact or any other related person has passable reason that rules are not instinctive followed gone regard to any project or by any agent after that he can lodge a formal complaint subsequently the appropriate governor with authentic proof of the thing demanding him to see into the issue, by paying a increase of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either ascend registration of renounce the application within 30 days of submitting of such application by the applicant in the department.