• RERA Registration of Agents

 

 

We provide assistance to Agent for RERA Registration in all state of India where RERA Registration Started Either online or offline. List of state where RERA Registration started (link)

  • RERA Agent Registration Fees And Consultancy Charges (link)
  • Document Required For RERA Agent Registration (link)
  • Process for RERA Agent Registration (link)
  • For more details, mail us at info@reracomplianceandregistration.com

9971959992

 

Why Required RERA Registration for Real Estate Agents

 

Real estate agents are the heart of real estate industry. They are the mediators facilitating transactions between builder and buyer. With RERA that will soon come into force all brokers will have to be mandatorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him

Real estate agents will also be penalized if they will falsely represent any information regarding project to buyers. Penalty will extend up to Rs 10,000 per day and maximum 5% of total project cost. Real estate agent is also required to keep books of accounts of the projects they are indulged in and are answerable for them.

All brokers will have to compulsorily register with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be renewed thereafter.

If any real estate fails to register, they will be liable for penalty.

 

  • RERA Agent Ragistration Fees And Consultancy Charges (link)
  • Document Required For RERA Agent Registration (link)
  • Process for RERA Agent Registration (link)
  • For more details, mail us at info@reracomplianceandregistration.com

9971959992

 

  1. RERA Registration of Project

Why Required

The Real Estate (Regulation & Development) Act, 2016 aims to establish the Real Estate Regulatory Authority that would regulate and promote the real estate sector. The main aim of the Act is to protect the interest or buyers and promote timely delivery of properties or projects.

All the projects either on land more than 500 sq. m or having at least eight apartments, including the one without completion or occupancy certificate must be registered. Developers have to post details like project plan, layout plan, approvals, land title status, details of promoters, contractors, architects, date of completion with the State RERA – Customers can access this information from the RERA websites.

Developers have to put aside 70% of project funds in an escrow account linked to the project. Builder will be penalized if there is delay in project deliveries. The carpet area has been clearly defined in the law.

RERA makes it mandatory for all commercial and residential real estate projects where the land is over 500 square meters or eight apartments will have to register with regulator before launching a project. Every promoter shall make an application to the authority for registration of real estate project. Projects that are ongoing on the date of commencement of this act and for which completion certificate have not been issued have to get registered with RERA. If real estate project fails to register a property, it will attract penalty.

    • RERA Project Registration Fees and Consultancy Charges (link)
    • Document Required for RERA Project Registration (link)

                Process for RERA Project Registration (link)

For more details, mail us at info@reracomplianceandregistration.com

9971959992

 

3.Full Consultancy about RERA Project

Our RERA consultancy is led by professionals who have versatile experience in real estate sector. Here we provide complete end to end RERA consulting Start to end Services include-

  • Project Promotion  and Documentation according to RERA
  • Applicability of RERA and its importance
  • Registration of real estate projects under RERA
  • Promoter registration
  • RERA compliance
  • RERA remittance and withdrawal
  • RERA grievance
  • Other related matters

For more details, mail us at info@reracomplianceandregistration.com

9971959992

Why Builder Require RERA Consultancy

RERA regulations have been implemented with the vision to bring transparency and accountability to Real estate developers for their related real estate projects. Real Estate Developers have been entrusted with multiple requirement and compliance as the different stage. For ease of understanding, we have summarized the compliances as under:

  • Registration of Real Estate Project – As per RERA Act, every developer shall register its ongoing and new project measuring more than 500 square meters in size and no. of the apartment does not exceed 8 inclusive in all phases, with respective State RERA authority. RERA registration is required for on-going project and new project as under-
    1. On-going Project – every project which has not received completion certificate as on 01/05/2017, shall be required to get registered with respective State RERA authorities. Some State RERA has excluded the real estate project which has received occupation certificate
    2. New project – As per RERA Act, every project shall get RERA Registration before any kind of advertisement, promotion, booking or offer to sell or any kind of invitation for the purchase of any part of the project.
  • Periodical Update – Every promoter is required to update the status of the registered project on quarterly with the respective State RERA Authority. Audited financial shall be submitted on yearly basis.
  • Separate Bank Account Every promoter shall maintain a separate bank account for every project and shall deposit 70% of the prescribed collected amount which would be withdrawn as per the prescribed manner.
  • Timely Completion, Fair Agreement to Sell etc.- There are multiple prescribed guidelines to be complied with towards allottees/consumers.

Heavy penalties – At the one side where RERA prescribe compliances, it also prescribes heavy penalties for violation of the prescribed regulations. The penalties for the violation may extend up to 10% of the project cost.

 

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