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The Real Estate (Regulation Authority) Act, 2016 is an Act of Parliament that introduced the Real Estate Regulatory Authority to regulate and promote the real estate sector. Consequently, it ensures efficiency, transparency and protects the consumers’ interest regarding the sale of an apartment, building, or a real estate project.
Moreover, it also establishes the adjudication mechanism for immediate dispute redressal. It establishes Appellate Tribunal to hear the decisions/directions/orders of the appeals from the Real Estate Regulatory Authority and adjudicating authority.
Indeed, obtaining RERA registration for agents/ RERA registration for brokers is mandatory. Without the RERA registration for agents/ RERA registration for brokers, a real estate agent is not authorized to facilitate the sale or purchase of an apartment, plot, building, etc.
Under Section 62, a RERA registration for agents/ RERA registration for brokers must be done under Authority. However, if a real estate agent fails to register, he must pay Rs 10,000 per day by default, increasing up to 5% of the price of an apartment or plot (for which the sale has been facilitated).
Documents Required For RERA Registration
Brief information of the establishment, including name, address, establishment type, and particulars of registration.
Promoter’s name and photographs.
We - at JR Compliance possess best RERA registration consultant, who will invest our sustained efforts in providing you 100% assistance in the process of documentation, to avoid every possible inaccuracy, which could also result in application rejection. That's why, we - Delhi based award winning compliance service provider are equipped with all the resources or tools which will make RERA registration for brokers or RERA registration for agents hassle-free at a reasonable cost.
Be it documentation or filing for RERA registration - consider it done with our best RERA registration consultant.
Note- If a promoter fails to complete the registration of the project, the authority will grant an opportunity to complete the registration. However, if the promoter fails to do so again, your RERA registration certificate application will be rejected after providing the opportunity to be heard.
RERA registration of a project, a real estate agent, and a promoter on RERA website is mandatory without which they have to pay the penalty, which could also include imprisonment or both. However, the RERA registration certificate process or documentation of the same could be tedious, while our RERA registration consultant promise to make everything seamless.
Thus, keeping the importance of RERA registration insight, we at JR Compliance guarantees to provide you complete support at each registration step while maintaining transparency with the complete support of our RERA registration consultant.
For our exceptional and experienced RERA registration consultant services, contact us immediately for RERA registration certificate.
Under Section 59 of the Real Estate Regulation Act, a promoter must register the project with the Authority.
However, if the promoter fails to do so, he has to pay 10% of the estimated cost of the real estate project as a penalty. Suppose the promoter constantly defaults or fails to comply with the rules/orders. In that case, he has to pay an additional 10% of the estimated cost of the project or imprisonment up to three years, or both.
Indeed, every promoter must register themselves under the RERA.
No, a promoter does not have the authority to advertise, book, sell, offer for sale, or invite an individual to purchase the premises. To do so, the promoter must register the real estate project with the RERA.
Indeed, RERA registration for brokers is mandatory with the concerned state-level authorities.
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