Registration Under Rera Solution
RERA Solution Provide a complete assistance for your Project Registration and Agent Registration.
The Real Estate (Regulation and Development) Act, 2016 makes it mandatory for all commercial and residential real estate projects where the land is over 500 square meters, or eight apartments, to register with the Real Estate Regulatory Authority (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution. For on-going projects which have not received completion certificate on the date of commencement of the Act, will have to seek registration within 3 months. Application for registration must be either approved or rejected within a period of 30 days from the date of application by the RERA. On successful registration, the promoter of the project will be provided with a registration number, a login id and password for the applicants to fill up essential details on the website of the RERA. For failure to register, a penalty of up to 10 percent of the project cost or three years’ imprisonment may be imposed.
Real estate agents who facilitate selling or purchase of properties must take prior registration from RERA. Such agents will be issued a single registration number for each State or Union Territory, which must be quoted by the agent in every sale facilitated by him
The thing is, there are several government rules and regulations which, if made aware properly to the general public, then many things will get proper transparency and discipline. RERA Solution is one such advisory body whose purpose is to guide the people related to real estate in an organized manner. Even though the guidelines laid by RERA for promoters and real estate agents are very basic and affective, the general public needs a platform where they can be made aware of their particular rights. RERA Solution is that platform which has done thorough research on the official rule book of RERA released by the government. We offer consulting services to the promoters and the agents to get registered under RERA. Apart from that, our public forums and interactions will also prove beneficial for everybody.