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RERA Registration|Legal Suvidha

RERA REGISTRATION


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RERA REGISTRATION

RERA Registration

RERA i.e. Real Estate Regulatory Authority which is established under the Real Estate Act, 2016 for the purposes of protecting home-buyers & for boosting investments in the real estate industry. The aim is to bring transparency and accountability towards customers. RERA is established in every state having respective rules & requirements.

All commercial and residential real estate (including plotted development) are covered for RERA registration. All the ongoing projects that have not received Completion Certificates have also been brought under the purview of the Act and such projects will need to be registered with the Regulator within 3 months.

Prior registration is required to be taken from RERA. Application for registration must be approved or rejected within a period of 30 days from the date of application by the RERA. We at Legal Suvidha will help you in getting RERA registration in the respective state.



           
         


Advantages of RERA Registration



DELIVERY ON TIME RERA registration ensures timely delivery of the flat/apartment etc. to the buyer as if there is no delivery on time the promoter, builder etc. have to pay interest, penalty etc.
PROJECT DETAILS While registering, promoters, builders etc. have to give accurate details about the project. Any change can make liable for penalty.
NO REGISTRATION, NO ADVERTISEMENT As per the Act, no advertisement can be done without RERA registration. Furthermore, each advertisement has to carry the RERA registration number.
COMPLAINTS Brokers and promoters registered with RERA are also empowered to complain the authority regarding any matters.


           
         


RERA Registration Registration Process




1
Preparing Application
2
Filing
3
Processing












After getting required document/information, our professional will prepare your RERA application in 1 working day.

           
         


Documents required for RERA Registration



1. PAN Card of the builder

2. ITR of last 3 years and the balance sheet of the builder

3. Builder must clarify about the apartment (carpet area, number of floors, parking space)

4. Declaration by the builder of having legal title of the land with proof

5. Details of the land (rights, title, mortgage)

6. If the builder is not the owner of the land, the consent letter of the actual owner with documents will be required

7. Details of the project (location, sanctioned plan, layout plan)

8. Ownership documents (proforma of allotment letter, agreement of sale)

9. Information of the persons involved (Architects, Engineers and others)

           
         

Frequently Asked Questions





What is the validity period of the RERA registration?
RERA registration is valid for 5 years from date of issue but can be renewed again for a period of 5 years, by submitting a renewal application 60 days prior to the expiry date.

Whether commercial projects are also covered under RERA?
RERA covers all type of projects whether residential or commercial including shops, buildings, and offices.

Whether RERA is also applicable on ongoing projects or only to the upcoming projects?
RERA is applicable on those ongoing objects which have not received a completion certificate. They were required to register within 3 months of the implementation of this act.

Can a developer leave the project in a mid-way?
The developer can sell the project after obtaining the written approval of the 2/3rd of the buyers of the project. The developer to whom the sale is made will have all the rights and liabilities of the previous promoter.



           


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Expert Team

Free Legal Advice

On Time Delivery

Transparent Pricing

100% Client Satisfaction