The first auditor offers RERA Registration consulting services in Chennai, Tamil Nadu. In Chennai, Tamil Nadu, we provide the best RERA Registration service. In Coimbatore, Madurai, Tirupur, Trichy, Thanjavur, Erode, Salem, Namakkal, Karur, hosur, tuticorin, krishnagiri, Cuddalore, Kanyakumari, and Pondicherry, we offer RERA Registration services. We provide low-cost RERA Registration services. We provide the service at a reduced cost and efficiently compared to our rivals.
RERA Registration Overview
- The Real Estate Regulatory Authority (RERA) registration is a crucial step in the real estate industry to ensure transparency and accountability. Registration under RERA is mandatory for all real estate projects with the goal of protecting the interests of both buyers and developers. By registering under RERA, developers are required to disclose project details, adhere to strict guidelines, and deliver projects on time, which enhances trust and confidence among buyers.
- This process helps in eliminating fraudulent practices, promotes fair competition, and upholds ethical standards within the real estate sector.
- Our offerings include
- Free consultation for new clients
- Validation of data for all papers submitted
- A dedicated affiliate should be assigned to handle the application
Benefits of RERA Registration
Registering a project under RERA offers numerous benefits that help maintain transparency and trust in the real estate sector.
Legally Authorized
RERA registration grants legal authorization to advertise, market, book, sell, offer for sale, or invite individuals to purchase plots, apartments, or buildings covered under the RERA Act.
Enhanced Credibility
RERA registration enhances the credibility of real estate agents among prospective buyers and sellers. It signifies compliance with regulatory standards, instilling confidence and trust in the agent’s professionalism.
Consumer Protection
RERA registration ensures consumer protection by promoting transparency and accountability in real estate transactions. It establishes a framework for fair practices, preventing fraudulent activities and providing recourse for grievances.
Access to RERA Projects
Only registered agents can deal with real estate projects registered under RERA. Agents gain access to a broader range of projects by obtaining RERA registration, expanding their business opportunities.
Compliance with Regulations
RERA registration ensures adherence to the regulations set forth by the Act. Agents can stay updated with the latest rules and obligations, minimizing non-compliance risk and associated penalties.
Professional Recognition
RERA registration reflects professionalism and dedication to the real estate industry. It distinguishes registered agents from unregistered ones, boosting their reputation and standing in the market.
Documents required for online RERA Registration
The documents required for RERA registration depend on whether it is for a promoter or a real estate agent. Here is a list of the documents required for RERA registration:
Documents required for Promoter Registration
- Identification and address proof of the promoter
- Photographs
- PAN Number
- Email id
- Commencement Certificate along with the Sanction Plan
- Layout Plan
- Location details of the project
- The proposed course of action for the project’s execution, Availability of parking spaces within the real estate project, Legal documentation confirming the promoter’s ownership of the land where the project is planned, Details of any previous project experience of the promoter, including project name, status, and any instances of delays in completion.
Additional Documents Required for Promoters who are Companies
- Certificate of Incorporation.
- CIN / TAN number.
- Memorandum of Association and Articles of Association.
- The audited balance sheet of the preceding three financial years and the Audited report and director’s report.
- Particulars of directors or any other authorized person
- Documents required for Real Estate Agent Registration:
- Identification and address proof of the applicant.
- Photographs.
- Particulars of the real estate agent company, including its name, registered address, bylaws, Memorandum of Association (MOA), Articles of Association (AOA), and type of company.
Please note that these are general requirements, and specific state regulations may require additional documents for RERA registration.
FAQ
What is RERA registration?
RERA registration refers to the process of registering a real estate project with the Real Estate Regulatory Authority (RERA) to ensure compliance with the regulations set forth by the authority.
Why is RERA registration important?
RERA registration is important to ensure transparency, accountability, and consumer protection in the real estate sector. It helps in regulating the real estate market and safeguarding the interests of homebuyers.
How can I apply for RERA registration?
You can apply for RERA registration by submitting the necessary documents and information to the respective RERA authority in your state. The process may vary depending on the state regulations.
What is the penalty for non-compliance with RERA registration?
Non-compliance with RERA registration can result in penalties, fines, and legal action against the developer. It is important for developers to comply with the RERA regulations to avoid such consequences.
How can I check the RERA registration status of a project?
You can check the RERA registration status of a project by visiting the official website of the respective RERA authority and entering the project details or registration number.
What is the process for renewing RERA registration?
The process for renewing RERA registration may vary depending on the state regulations. Generally, developers are required to submit a renewal application along with the necessary documents and fees to the respective RERA authority before the expiry of the registration.