RERA Advisory Services in Mumbai Thane

RERA Advisory Services in Mumbai Thane

RERA Advisory and Consultancy

The regulatory compliance from the Real Estate Sector Is Predicted to scale with the Debut of Real-estate Regulation and Development Act 2016 (RERA). RERA plans to create transparency and responsibility within the industry.

Besides compulsory enrollment for Real Estate Projects and also Real-estate Agents/Intermediaries, a Lot of disclosures must be produced from the Promoters of these Real-estate Assignments. There are important penalties suggested for non-compliances. All stakeholders have been bombarded using a plethora of legal rights together with a fast-track mechanism for non-compliance and also for redressal of grievances.

Aga & Associates has Many Years of expertise in coping with Policies & Compliances direction for your Property sector and provides the Subsequent Advisory & Compliance Administration solutions beneath RERA for your Property Sector.

Consultants Services from Aga & Associates for Real Estate Developers under RERA:

  • Preliminary diagnostic tests for assurance of readiness of the project for enrollment underneath RERA.
  • RERA Compliance Administration covering all Elements of compliances beneath RERA until the project is done.
  • RERA Project Registration.
  • Complaints/Inquiries/Inspections/ / Disputes etc. This handles a vast array of advisory, hand-holding and legal support for empowering builders & promoters in controlling Tribunal / Authority / Allot tees, etc.

RERA FAQ
1What is RERA Act?

The Real Estate (Regulation and Development) Act, 2016 (RERA) is an Act passed by the Indian Parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real estate sector.

2What is the procedure to register under RERA?

The center has clarified through a press release that the Promoters and agents are required to get their on-going projects registered with 3 months of the Act applies i.e. 1st, May 2017 (Maharashtra). Also Non Registration of Projects will attract heavy penalty under RERA Act.

Registration Process for Real Estate Agents

  • File an application form along with fee and documents to get registered with RERA
  • You will receive a registration number from the regulator. This need to be mentioned in every property sale
  • On a quarterly basis, you are required to maintain the books of account, records and documents related to the transactions
  • Share all the information and documents about the project with the buyer
  • Agent may be suspended for the misrepresentation or fraud during the registration process.

3What is the benefit of RERA?

The RERA act aims to promote transparency, accountability, and efficiency in the real estate sector the act has also led to the creation of a mechanism wherein issues such as project delays, quality of the projects, pricing of the property, etc.

4Why RERA required?

The Real Estate Act makes it mandatory for all commercial and residential real estate projects where the land is over 500 square metres, or eight apartments, to register with the Real Estate Regulatory (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution.

5When did the Act come into force?

The Act came into force on 1 May 2016 with 59 of 92 sections notified. Remaining provisions came into force on 1 May 2017.