RERA was brought with 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 full of life in the real estate issue are compulsorily required to get itself registered below RERA after the initiation of the act. We give RERA consultancy services in Shahjahanpur for everything types of Real Estate Merchants whether they are builders, land Dealers, Developers, Agents or investors. Our team took care of whatever the consent related formalities below RERA regime to ensure mild and easy launch of any project along the length and breadth of Shahjahanpur.
Who are required to get registered below RERA?
Following Entities are required to get linkage of Registration under RERA:
- A Developer Starting a extra project
- A project which has commenced since onset of RERA but exploit 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 still started.
Is it mandatory to gain all the projects registered below RERA?
Government has exempted with 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 exploit certificate was issued in the past the onset of RERA.
TYPES OF REGISTRATION UNDER RERA
- Project Registration
Every builder/developer must in the past making any public classified ad and receiving any maintenance shall get its project registered with RERA. Full details concerning the project is required to be unqualified in the application form, payment is made depending upon the built up Place of the project. In prosecution the builder/developer bungled 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 bill sheet for the preceding financial year and allowance tax returns for three preceding financial years;
- The number of log on parking areas and the number of covered parking areas understandable in the real estate project;
- Copy of the authenticated title completion reflecting the title of the supporter to the land;
- Details of encumbrances on the land on which momentum is proposed including details of any rights, title, interest, dues, litigation and proclaim of party in or higher than such estate along in the reveal of details;
- Where the supporter is not the owner of the land on which develop is proposed details of the take over of the owner of the home along in the tell of a copy of the agreement;
- Name, photograph, contact details and residence of the promoter.
- Agent Registration
In order to bring roughly a fair practice in Real house Sector and subside monopolistic way in of the agents toward the customers, government has came in the works with the concept of RERA Registration for Agents, whereby every agent must gain itself registered under RERA back dealing in Real Estate Activities. This step will bring Agent-Client transaction below a common purview and shall plus curb the unnecessary harassment by the Agents.
Agent Registration is provided for a specific era of period 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 exploit may be;
- Photograph of the real estate agent if he is an individual and the photograph of the partners, directors, etc., in prosecution of supplementary 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 stroke 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 pronouncement to such effect;
- Authenticated copy of the domicile 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 understanding or any additional related person has passable reason that rules are not being followed later than regard to any project or by any agent subsequently he can lodge a formal complaint behind the appropriate bureaucrat with valid proof of the matter demanding him to see into the issue, by paying a momentum of Rs. 1000/- per application.
TIME REQUIRED FOR OBTAINING REGISTRATION
As per RERA, the department is bound to either inherit registration of reject the application within 30 days of submitting of such application by the applicant in the department.