RERA Registration

The acronym RERA stands for Real Estate Regulatory Authority (“RERA”) which is established under the Real Estate (Regulation & Development) Act (“Act”). This Act was introduced in the year 2016 to regularise the problems existing in the real estate sector. The Act will be implemented at the State level, and the governing authorities are responsible for the following:

Objectives of RERA Registration:
1. Transparency and accountability towards consumers.
2. Resolution of grievances through a dispute resolution mechanism.
3. Reduction of fraud through increased compliances.
4. Reduction of delays through fair play.
5. Establishment of professionalism and standards.
6. Creation of awareness and promotion of good governance practices.
7. Imposition of responsibilities on promoters and buyers for smooth transactions.
8. Setting up an Appellate Tribunal for appeals.
Applicability of RERA Registration:
1. Applies to promoters, real estate agents, builders, developers, contractors, etc.
2. Applies to commercial buildings, residential apartments, and plots developed for sale.
3. Applies to real estate projects exceeding 500 sq. meters or having more than eight apartments.
Documents Required for Promoter Registration:
1. PAN card of the promoter.
2. Parking slots availability.
3. Legal title deeds, Encumbrance Certificate, Commencement Certificate.
4. Sanction Plan, Layout Plan, location details of the project.
5. Plan of development works.
6. Details of previous project experience.
7. Consent of the owner, Development Agreement, Joint Development Agreement (if not the landowner).
Documents Required for Real Estate Agent Registration:
1. PAN, permanent address proof, photograph.
2. Details of the real estate agent enterprise.
3. Particulars of enterprise registration, if applicable.
Registration Process:
1. Promoter issued Registration Number, Login Id, and password.
2. Fees vary by state, based on the area for promoters and entity type for agents.
3. Valid for the period declared by the promoter, extendable in case of natural calamities.
Advantages of RERA Registration for Buyers:
1. On-time possession of the property.
2. Accurate details of the project.
3. Assured license clearances before selling.
4. Promoter’s responsibility to repair defects.
5. Restricted advertisement without RERA registration.
6. Booking amount payment of 10% after registration of the sale agreement.

Brands who Trust Us

Get in touch with us for your financial needs

Monday to Friday
9:00 A.M. to 6:00 P.M…
(Saturday-Sunday: As per Government Holidays)

Please fill up the Details

Disclaimer

(Scroll down to Accept ✅)

Solapure Consultancy and Advisory LLP is a professional services firm offering consultancy and advisory solutions across various domains, including but not limited to ISO Certification, company formation, financial advisory, and other related services. We are committed to delivering high-quality services tailored to meet our clients’ specific needs.

While every effort is made to ensure that the information and advice provided are accurate, reliable, and up-to-date, Solapure Consultancy and Advisory LLP does not guarantee the completeness, accuracy, or timeliness of the information. Our services are advisory in nature and do not constitute financial, legal, or investment advice. Clients are encouraged to independently verify information and seek advice from qualified professionals before making decisions based on our recommendations.

Our ISO Certification services, company formation assistance, and financial advisory solutions are subject to prevailing laws, regulations, and compliance requirements. It is the responsibility of the client to ensure that all regulatory requirements are fulfilled and that decisions are made in alignment with their specific business or financial objectives.

Limitation of Liability:

Solapure Consultancy and Advisory LLP shall not be held responsible for any direct, indirect, incidental, or consequential losses or damages arising from the use of our services, reliance on the information provided, or any decision made based on our advisory services. This includes, but is not limited to, financial loss, loss of revenue, legal liabilities, or business interruptions.

Changes and Updates:

We reserve the right to modify or discontinue any of our services, policies, or terms at any time without prior notice. Clients will be informed of major changes that may impact the nature of our services.

Client Responsibility:

It is the client’s responsibility to disclose all necessary and accurate information relevant to the services they are seeking. Solapure Consultancy and Advisory LLP is not liable for any outcomes that arise due to the provision of incomplete, inaccurate, or misleading information by the client.

Third-Party Involvement:

Certain services may involve collaboration with third-party entities, including government bodies, certification agencies, and other service providers. Solapure Consultancy and Advisory LLP shall not be held liable for delays, rejections, or outcomes arising from the actions or decisions of such third parties.

For any queries or detailed information about our services.

Thank you for choosing Solapure Consultancy and Advisory LLP.