An Overview of Online RERA Registration in India
To regularize the issues that arise in the real estate industry, the Real Estate Regulatory Authority (RERA) was founded. Prior to beginning any marketing, sales, advertising, or soliciting people to invest in a plot, apartment, or building, the Real Estate (Regulation & Development) Act mandates that the asset be registered (RERA Registered). Promoters of construction and buildings, as well as other middlemen including building companies, developers, real estate brokers, etc., are subject to the RERA legislation. To ensure responsibility and openness in the real estate sector, developers and agents are required to register with the Real Estate Regulatory Authority, or RERA. We at RegisterKaro simplify the RERA registration procedure. You can rely on us to bring you comfort and guidance throughout the procedure.
Why to opt for RERA Registration Certificate?
Opting for RERA Registration for your company opens door to many benefits such as:
According to the conditions of the RERA Registration, the company is accountable for all of the promises it made during project acquisition. If it is not followed appropriately, the owner also has the right to appeal to the broker or building company. The owner of the home is the recipient of duties from both the builder and the broker.
The company is liable for all of its promises made during project takeover under the terms of the RERA Registration. In addition, the owner has the right to protest to the broker or construction business if it is not followed correctly. Both the builder and the broker have obligations to the home’s owner.
The organization that is RERA-registered will be open and honest about every endeavor. The proprietor will be informed on a regular basis on the development of the project. Consequently, the construction company is required to comply by RERA Registration.
- Legal status & benefits
The RERA Registration for either the project or the company offers legals status to the same. When a legal status is granted to an organization or a project, it becomes eligible for enjoyment of the benefits that are offered under the legislation governing such bodies.
- Dispute/Grievance Resolution
The RERA Registration will also assist those working in this industry and registered to do so in resolving complaints resulting from projects. A distinct authority is instituted to settle disagreements between the involved parties.
- Quality Assurance
Typically, builders promise quality up front then fall short of expectations. Therefore, in accordance with the RERA Registration, the builder has agreed to maintain any defects discovered by buyers throughout the five years of possession at no cost to the builder. Additionally, the builder will face consequences. This will guarantee that the builder maintains high standards and produces the desired outcome.
- Tribunal institution
In an effort to better serve those who are dissatisfied with the directives and rulings made by the RERA Authority, the RERA also established an appeal tribunal. Therefore, the person who is harmed by the RERA authority’s decisions may file an additional appeal with the Appellate Tribunal.
Check your Eligibility for RERA Registration Certificate
You are eligible for RERA Registration Certificate is you fall to be in any of the following category:
- Other Intermediatory Individuals
Documents Required for RERA Registration
The following are some vital documents required for RERA Registration:
- Promoter or Company
- Copy of Memorandum of Association and Article of Association
- Certificate of Incorporation of company
- Registered office address proof
- Email in name of company
- PAN card of company
- TAN card of company
- Company Identification Number
- Information related to previous real estate matter
- Company’s shareholder and director’s details
- Real estate recent project details- sanction plan, layout plan, location details, etc.
- Individual Promoter or Builder
- Individual Name
- Applicant’s PAN Card
- Father’s name of the applicant
- Occupation of the applicant
- Residential Proof of the applicant
- Income Tax Details of the applicant
- Audited Balance Sheets
- Promoters Official Website
- Income Tax Return
- Previous Project Experience
- Passport size photographs of the applicant
- Email ID of the Builder
- Real Estate Agent
- State & District of Agent
- Tehsil details of Agent
- Bank details (Punjab National Bank)
- Digital Signature Certificate obtained by the Agent
- Copy of registration fees
- Details of registration
- Name of the Agent
- PAN Card details
- Father’s name of the Agent
- Residence Proof of the Agent
- Income Tax Details
- Audited Balance Sheets
RERA Registration Process
Step 1: Down the application form for the registration process form the State’s official RERA Website. Fill in the form with required details for filings such as individual details, etc.
Step 2: Once the application form is filled, then attach the required documents with the form for the submission
Step 3: Make the requisite payment for the specific form that you are using [cost vary as per the nature of the registration]
Step 4: Download the declaration form and fill it out for the submission with the application.
Step 5: Once the details are filled, and documents are attached with declaration, then check the application for the final time and do the submission.
Step 6: Once the form is verified, you will receive the registration certificate, and if not, then your application will be rejected. In such case, re-fill the application and then submit the same after correcting the errors.
Why to choose RegisterKaro?
- Pool of Experts
RegisterKaro holds a large pool of Experts from all over the world specializing in RERA Registration services. Our team of experts makes sure that your work is taken care of in the most effective manner possible.
RegisterKaro RERA Registration services are of premium quality at the most efficient rate, which suits the client’s pocket, making sure that quality service is not the only thing the client gains on our platform.
- Client-oriented approach
Our team of experts is well trained and equipped with a client-oriented approach, keeping in mind that the process must be client-centric, focusing on meeting all the requirements of their business and, therefore, satisfying their needs.
- Process Alteration
For the fact that we focus on a client-centric approach, we keep our process structurization open for the client to alter it as per their need, requirements, and vision. For us, obtaining the best results is the focus, along with the Client satisfaction.
- Trusted partner of 10000+ Clients
RegisterKaro has earned the trust of more than 10000+ clients who have availed in RERA Registration services. Their trust in us from a term in continuity is proof of our services backed by quality and assurance.
- What is RERA registration fees in Maharashtra?
The project registration fees at RERA Maharashtra for individual real estate brokers are Rs. 10,000 for up to 1000 sq. m. or 12 units.
- What are the requirements for up RERA registration?
You need following documents for RERA Registration: PAN Card, Previous balance sheet year, Income Tax Returns over the last three years, Copy of the project plan, The project’s parking lot count, the promoter’s or land’s title deed, Impediment a certificate pertaining to the project or the property it is built on.
- What are the benefits of RERA registered agent?
There are many benefits of RERA Registered Agent such as gaining the trust and confidence of buyers, enhanced transparency in real estate transactions, authorized aid for the real estate market, etc.
- What are the disadvantages of RERA for builders?
Few of disadvantages faced by a RERA includes loss of interest of builders in Real estate projects due to tight rules and limited profit. Although real estate has significant employability potential, job possibilities are lost because developers are discouraged by RERA.
- Is RERA approval enough to buy property?
For buyers of real estate, RERA clearance is crucial since it provides responsibility, transparency, and protection. By upholding the predetermined requirements, the approval criteria are intended to guarantee the highest calibre of the property.
- What happens if RERA is rejected?
Rejecting a developer’s RERA application may cause delays in the project’s launch. Financial losses may arise from this delay, particularly if the developer has already committed a significant amount of resources.
- What if RERA is expired?
If a sale deed is completed after the RERA registration has ended but before this registration has been extended, what will happen to it? A sale agreement that is completed after the RERA registration has ended but before this registration has been extended is deemed void. It is not enforceable.
- What is RERA and its benefits?
In the Indian real estate industry, RERA, or the Real Estate Regulatory Authority, has changed the game. As an oversight organisation that guarantees openness, responsibility, and safeguarding of real estate purchasers, it is essential in defending the interests of all parties involved in the house-buying procedure.
- Why do we need RERA?
By requiring builders and developers to furnish timely, accurate, and thorough information about the project so that buyers can make an informed decision when purchasing any property, RERA ensures the highest level of transparency in every real estate transaction.
- Why is RERA certificate important?
The builder’s trustworthiness is enhanced by the RERA certificate. provide details on the real estate project or the property. makes certain that developers and builders adhere to the guidelines that they specify.