RERA Registration With Tax and Services
- For real estate agents
- For project registration
- Simple & Secure Online Process
- Dedicated Professional
- Hassle-Free Process
- Get your work done in 10-15 days
Introduction
“Tax and Services,” your premier destination for comprehensive legal solutions. At Tax and Services, we understand the critical importance of compliance with real estate regulations, and we are here to guide you through the intricacies of RERA (Real Estate Regulatory Authority) registration.
In an ever-evolving legal landscape, adherence to RERA regulations is not just a legal requirement but a strategic imperative for real estate entities. The Real Estate (Regulation and Development) Act, commonly known as RERA, was enacted to bring transparency, accountability, and efficiency to the real estate sector. Compliance with RERA is vital for both developers and real estate agents to ensure fair practices, safeguard the interests of homebuyers, and foster a trustworthy real estate ecosystem.
Advantages of RERA Registration
Right to Information
Buyer has all right to get information about the land/building which he is planning to purchase.
No delay in projects
Under RERA Act, builders have to give the due date of possession of the flat.
Builder responsible for any default
If a buyer discovers any default in the flat or the building within 5 years after the possession of the flat.
Advertisement of Projects
The promoters of the project are not allowed to advertise the sale/purchase of the property
Documents required to register an on-going project
- Copy of PAN card, Aadhaar card and photograph of Promoter/Partners
- Project details such as the layout, location, price and sanctioned plan of the project
- Details of the contractor, Structural Engineers, Architect and Plumbing Consultant
- Past Executed / Ongoing Project Experience In Last Five Years
- Audited financial statements and Income Tax Returns (ITR) of the last 3 years
- Ownership documents such as proforma of the Allotment Letter, Conveyance Deed and Sale Agreement
- Development plan
- Title Deed along with the chain of title
- Details of construction technology type, designing standards, resistant measures in case of uncertain events etc.
Documents required for Real Estate Agent Registration
Copy of PAN card of the real estate agent
Copy of Aadhaar card
Copy of the address proof
Photograph of Agent
Process of Registration Under the RERA
Complete the Application Form
Document Processing
Filing of Application
Issuance of Certificate
Exceptions of RERA Act
- Where area of land proposed to be developed does not exceed 500 sq m or number of apartments proposed to be developed does not exceed eight, inclusive of all phases. While the central government provides for these minimum area requirements the local governments can change the area requirements to conform to the Act, if required such minimum area threshold can be revised even lower.
- Where promoter has received completion certificate for Real Estate Project prior to commencement of Act
- For purpose of renovation or repair or re-development which does not involve marketing, advertising, selling or new allotment of any apartment, plot or building, under real estate project