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Contact for Apply rera registration or rera license Online With gst suvidha center. Consult to our property expert. RERA Registration is involved in the buying and selling of properties in the real estate industry.
RERA Registration
RERA is an act for coordination and progression of the real estate sector to secure the sale of residence, area or building efficiently and transparently. The Act aims to defend the profit of purchasers.
The implementation of RERA is assumed to bring relief to the homebuyers as contractors will be responsible for the timely performance of the schemes and to protect consumers from fraud sellers. The developers would also obtain from the improved resolution of the customers in a managed environment.
The developers must get all permissions from several government offices before launching a project and disclose all the information on the website that the particular state RERA regulatory authority will set up.
Real estate agencies will be provided a registration number by the regulator which they have to mention in every estate sale. This will help in reducing the chance of deceiving and cheating the purchaser. The authority has wide-ranging powers to impose fines and imprisonment of agents in case of violation of the law.
Features
According to the new law, the developer can’t make any changes to the plan without the written consent of the buyer. This provision will not allow the developer to increase the cost of their projects.
The law ensures that realty project is completed in time. If delayed, then the developer will have to pay interest on the amount paid by the buyer.
Registration is mandatory for all commercial and residential real estate projects where the land is over 500 square meters or includes eight apartments & which are under-construction.
As per the new act, every phase of apartment will be considered a standalone real estate project, and separate registration needs to be obtained for each project.
It is compulsory for a state to establish a State Real Estate Regulatory Authority as per the new act. Buyers could approach this body for redressal of their grievances.
The property will have to be sold to buyers based on carpet area and not on super built-up area which will become illegal under the new law.
Failing to register a property will attract a penalty up to 10% of the project cost and a repeated violation could send the developer in jail.
As per the new law, the developer will have to place 70% of the money collected from a buyer in a separate escrow account to meet the construction cost of the project. This will keep a check on developers who divert the buyer’s money to start a new project, instead of finishing the one for which money was collected & also ensure that the respective project is completed in time.
If the buyer finds any shortcomings in the project then buyer can contact the developer in writing within one year of taking possession.
The law has a provision of a maximum jail term of three years with or without a fine, for a developer who violates the order of the appellate tribunal of the RERA.
Benefits’ Of RERA
Transparency : This act has brought transparency among buyers and developers.
Standardised Carpet Area : According to RERA, carpet area is defined as ‘the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment’ this brought more clarity to home buyers.
Advance Payment : Now the builder cannot take more than 10% of cost of property from buyer before entering into sale agreement.
Authority : Development of regulatory authority for any kind of redressal.
Safety : Safety of money and transparency on utilization.
Documents required for registration under RERA
Following documents should be enclosed in hardcopy with the application:
PAN Card of the builder
ITR of last 3 years and the balance sheet of the builder
Builder must clarify about the apartment (carpet area, number of floors, parking space)
Declaration by the builder of having legal title of the land with proof
Details of the land (rights, title, mortgage)
If the builder is not the owner of the land, the consent letter of the actual owner with documents will be required
Details of the project (location, sanctioned plan, layout plan)
Ownership documents (proforma of allotment letter, agreement of sale)
Information of the persons involved (Architects, Engineers and others)
GST Suvidha Center: Your Partner for RERA Registration
The Real Estate Regulatory Authority (RERA) is a statutory body established in India to regulate the real estate sector and protect the interests of homebuyers. RERA mandates that all real estate projects, including residential and commercial projects, be registered with the authority before they can be launched or sold.
GST Suvidha Centers, renowned for their expertise in tax-related services, have expanded their offerings to include comprehensive RERA registration services. With a team of experienced professionals, GST Suvidha Centers can assist you with all aspects of RERA registration, ensuring compliance with the regulations and protecting your interests.
RERA Registration Process
The RERA registration process involves several steps, which can be complex and time-consuming. GST Suvidha Centers can streamline this process and ensure that your application is submitted accurately and efficiently. Our services include:
Project Documentation: We will help you gather and organize all the necessary documents required for RERA registration, including project plans, approvals, land ownership details, and financial information.
Application Form Filling: Our experts will assist you in filling out the RERA registration application form, ensuring that all information is accurate and complete.
Submission of Application: Once your application is verified and signed, we will submit it to the RERA authority through the online portal.
Tracking and Follow-up: We will track the status of your RERA registration application and follow up with the authority if there are any queries or delays.
Registration Certificate: Upon approval, you will receive a RERA registration certificate.
RERA Compliance and Updates
After obtaining your RERA registration certificate, it is essential to maintain compliance with the RERA regulations and keep your project information updated. GST Suvidha Centers offer the following services:
RERA Compliance: We can provide guidance on RERA compliance requirements, including project completion timelines, consumer grievance redressal mechanisms, and financial reporting.
Project Updates: We can help you update your RERA registration with any changes to your project, such as changes in project plans, completion dates, or pricing.
Grievance Redressal: If you receive any complaints or grievances from homebuyers, we can assist you in addressing them in accordance with RERA regulations.
Additional RERA Services
In addition to the core services mentioned above, GST Suvidha Centers also offer the following:
RERA Amendment: If you need to make changes to your RERA registration, we can assist you with the amendment process.
RERA Cancellation: If you wish to cancel your RERA registration, we can guide you through the necessary procedures.
RERA Consultancy: We can provide expert advice on RERA regulations and best practices for real estate developers.
Benefits of Using GST Suvidha Center for RERA Registration
Expertise and Efficiency: Our team of professionals has extensive experience in handling RERA registration and compliance matters. We use efficient processes and advanced technology to ensure timely and accurate service delivery.
Compliance and Accuracy: We adhere to all the latest RERA regulations to ensure that your registration application is submitted accurately and in compliance with the law.
Timely Updates: We will keep you informed about the status of your RERA registration application and provide timely updates on any developments.
Hassle-Free Process: By entrusting your RERA registration to GST Suvidha Centers, you can avoid the complexities and time-consuming procedures involved in the application process.
Peace of Mind: Knowing that your RERA compliance is being handled by experts gives you peace of mind and ensures that your project is protected from legal issues.
Conclusion
RERA registration is a crucial requirement for real estate developers in India. GST Suvidha Centers offer comprehensive RERA registration services, from application to compliance and updates. Our expertise, efficiency, and commitment to customer satisfaction make us the ideal choice for your RERA needs.
FAQ'S
RERA Registration
Q: What is RERA?
A: RERA stands for Real Estate Regulatory Authority. It is a government body established to regulate the real estate sector and protect the interests of homebuyers.
Q: Why is RERA registration important?
A: RERA registration is mandatory for real estate projects in India. It ensures transparency, accountability, and consumer protection in the real estate market.
RERA Registration Process
Q: Who needs to register under RERA?
A: Real estate developers and promoters of residential projects with a carpet area of 500 square meters or more, or consisting of eight or more residential units, need to register under RERA.
Q: What documents are required for RERA registration?
A: The specific documents required for RERA registration may vary depending on the state or union territory. However, common documents include:
Project plans and approvals
Land ownership documents
Construction agreements
Financial statements
Details of the developer or promoter
Q: How long does it take to get RERA registration?
A: The processing time for RERA registration may vary depending on the complexity of the project and the efficiency of the RERA authority. However, it generally takes a few weeks to a few months.
RERA Compliance
Q: What are the obligations of a RERA-registered project?
A: RERA-registered projects are required to:
Display project details on the RERA website
Provide a copy of the project brochure to homebuyers
Maintain a grievance redressal mechanism
Ensure timely delivery of possession
Maintain a website with project updates
Q: What are the penalties for non-compliance with RERA?
A: Non-compliance with RERA can result in penalties, including fines and imprisonment.
Homebuyer Protection
Q: How does RERA protect homebuyers?
A: RERA protects homebuyers by:
Ensuring transparency in real estate transactions
Providing a grievance redressal mechanism
Protecting homebuyers from unfair practices
Regulating the real estate market
Q: What are the rights of homebuyers under RERA?
A: Homebuyers have the right to:
Receive timely possession of their homes
Get information about the project
File complaints with the RERA authority
RERA Grievance Redressal
Q: How can a homebuyer file a complaint with RERA?
A: Homebuyers can file a complaint with the RERA authority through their online portal or by visiting their office.
Q: What are the remedies available to homebuyers under RERA?
A: The RERA authority can order the developer to:
Deliver possession of the home
Refund the amount paid by the homebuyer
Pay compensation to the homebuyer
Q: How long does it take to resolve a complaint with RERA?
A: The time taken to resolve a complaint with RERA may vary depending on the complexity of the case. However, RERA authorities strive to resolve complaints in a timely manner.
Q: How can a GST Suvidha Center assist with RERA registration?
A: GST Suvidha Centers can provide comprehensive assistance with RERA registration, ensuring compliance with all relevant regulations and streamlining the process for real estate developers and promoters.
RERA Registration Process
Q: What documents are required for RERA registration?
A: The specific documents required for RERA registration may vary depending on the state or union territory. However, GST Suvidha Centers can provide guidance and assistance in gathering the necessary documentation.
Q: How long does it take to get RERA registration through a GST Suvidha Center?
A: The processing time for RERA registration can vary depending on the complexity of the project and the efficiency of the RERA authority. However, GST Suvidha Centers can often expedite the process due to their experience and knowledge of the procedures.
RERA Compliance
Q: How can a GST Suvidha Center help with RERA compliance?
A: GST Suvidha Centers can provide ongoing support to ensure that RERA-registered projects comply with all relevant regulations. This includes monitoring changes in RERA rules, providing updates, and assisting with any compliance issues.
Q: What are the penalties for non-compliance with RERA?
A: Non-compliance with RERA can result in penalties, including fines and imprisonment. GST Suvidha Centers can help you avoid penalties by ensuring that your project is in compliance with all RERA requirements.
Homebuyer Protection
Q: How can RERA registration benefit homebuyers?
A: RERA registration ensures transparency, accountability, and consumer protection in the real estate market. It provides homebuyers with greater confidence in their investments and protects their rights.
Q: Can GST Suvidha Centers help homebuyers with RERA-related issues?
A: Yes, GST Suvidha Centers can assist homebuyers with RERA-related issues, such as filing complaints or seeking information about a project.
RERA Grievance Redressal
Q: How can a homebuyer file a complaint with RERA through a GST Suvidha Center?
A: GST Suvidha Centers can assist homebuyers in filing complaints with the RERA authority. They can provide guidance on the complaint process and ensure that the complaint is submitted correctly.
Q: Can GST Suvidha Centers represent homebuyers in RERA proceedings?
A: In some cases, GST Suvidha Centers may be able to represent homebuyers in RERA proceedings. However, the specific services offered may vary.
Additional Services
Q: Can GST Suvidha Centers provide other real estate-related services?
A: In addition to RERA registration, GST Suvidha Centers may offer other real estate-related services, such as property valuation, legal advice, and project management.
Q: How do I choose a GST Suvidha Center for RERA registration services?
A: When selecting a GST Suvidha Center for RERA registration services, consider the following factors:
Experience: Look for a center with experience in handling RERA registration and related matters.
Reputation: Check the center’s reputation and customer reviews.
Fees: Compare the fees charged by different centers to find the best value.
Location and convenience: Consider the center’s location and whether it offers online services.
