Rera Registration Service in Delhi

RERA is an act for coordination and progression of the real estate sector to secure the sale of residence, area or building efficiently and transparently. The Act aims to defend the profit of purchasers. The implementation of RERA is assumed to bring relief to the homebuyers as contractors will be responsible for the timely performance of the schemes and to protect consumers from fraud sellers. The developers would also obtain from the improved resolution of the customers in a managed environment. The developers must get all permissions from several government offices before launching a project and disclose all the information on the website that the particular state RERA regulatory authority will set up. Real estate agencies will be provided a registration number by the regulator which they have to mention in every estate sale. This will help in reducing the chance of deceiving and cheating the purchaser. The authority has wide-ranging powers to impose fines and imprisonment of agents in case of violation of the law.

Complete and comprehensive advisory for rera registration and related compliances in every state of india. Rera is applicable to every real estate project which is more than 500sq mtr and no. Of flat more than 8. We have core team comprise of advocate, ca, domain expert and government advisory person. Our associate team is in major of the states.

RERA certificate is the license which is issued by the Real Estate Regulatory Authority to builders and agents. RERA registered certificate aims to protect the rights of home buyers and boost the investment in the real estate sector. Real Estate Regulation act has brought rapid changes in the real estate sector of the Indian economy. The main objective of this act is to bring transparency, reduce corruption and increase accountability in real estate sector. According to the Real estate and regulatory authority act 2016 (RERA), every real estate project must be registered under this act to deal in real estate projects. After RERA registration real estate agent will be given a registration number by the authority which will be valid for 5 years. It is mandatory to get RERA registration certificate to advertise, market, book, sell or offer for sale, or invite persons to purchase in any plot, apartment or building. If any real estate agent fails to register under RERA act then they will be liable for the concerned charges.

We can help you get rera registration within a few clicks of a mouse and get assured of fair real estate deals. What is all about rera registration? real estate regulatory authority (rera) is an apex regulatory body to control the affairs of real estate industry in india and protect the interests of real estate buyers & investors. The rera was very recently established on 1st may 2016 after passing of the real estate (regulation and development) act, 2016 in the parliament. The main objective of the rera registration is to ensure complete transparency of real estate developers, contractors, builders, agents, brokers & property dealers and to ensure the safety of the investors' funds.

What is RERA Registration? RERA certificate is a license or certificate issued by the real estate regulatory authority to the builders. RERA certificate is mandatory for the entire commercial and residential real estate project where the land is above 500 sq. meters or 8 apartments to apply for RERA Registration for a launching project. RERA (Real State Regulatory Authority) bill was drafted in the year 2013 and passed by the Rajya Sabha on 10 th March 2016 and on 15 th March 2016 by Lok Sabha. It came into force on 1 st May 2016 with 59 out of 92 sections. The remaining provisions came into force on 1 May 2017. RERA (Regulation and Development) Act, 2016 has become 3 years old now. In these three years act has had its ups and downs. RERA (Real estate regulation and development act, 2016 brought rapid changes in the real estate sector of the Indian Economy. It brought transparency, reduced corruption and also brought entitlement rules and procedures into the real estate sector. The aim of this act was to protect the rights of home- buyers and also aims to boost investment in the sector. This has also brought major changes in the real estate sector because before this act though the sector was regulated, many illegal activities were floating in the sector like the sector was fraught with the corruption. There were also some issues regarding the ownership of the houses among the buyers and the sellers and the main problem was that there was no coordination between the buying and selling of the home. Also, there were several issues regarding the ownership and delivery of flats. There was no obligation and the buyer had to wait for several years even after the promised time period of the delivery flat. This greatly impacted the performance of the sector and thus RERA act came into existence.

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