What is included in our package?

RERA Project Registration
RERA Quarterly Compliances up to one year
RERA Consultancy
SOP’s related to Marketing and Finance.
Handling registration compliances related to channel partner
Maintaining RERA Project Profile over RERA Website.
Legal Opinions on managing/ completing the project as per provisions of RERA.
Financial advice on managing 70 % funds in separate account
Preparation/drafting of booking form, allotment letter, Agreement of Sale as per RERA Provision.
Regular IT support
Regular RERA updates via mail phone

10 + 4 =

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.

What is RERA project registration ?

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.

What Is RERA Broker Registration ?

  • All brokers will have to compulsorily 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 renewed thereafter .
  • If any real estate fails to register , they will be liable for penalty.

What Is Included In Our Package?

  • Drafting Application
  • Filing Application
  • Scrutiny Resolve
  • Certificate Generation
  • RERA Consultation
  • RERA Marketing Support

Benefits Of RERA

 
  • Increased Confidence
  • Increase Professionalism
  • RERA Standarized the process Standarization
  • RERA will help in investment boosting
  • Consumer Forums
  • Reduction in Litigation
  • Transparency in real estate
  • Timely delivery of projects