Maha Rera Registration Certificate for Builders & Agents
Lowest Price, Quick service, Right Knowledge for Rera Registration.
- Apply Just in 3 Hours
- Minimum Documents Required
- 50+ Projects Registered
- 250+ Agents Registered
Lowest Price, Quick service, Right Knowledge for Rera Registration.
Compulsory certificate for any Real Estate Agent to sell property
Mandatory certificate for builders to sell or advertise any project
Quaterly update for any registered project under Rera
Under the Real Estate (Regulation and Development) Act, 201, the Parliament of India passed a regulation which made it mandatory for each state to have a Real Estate Regulatory Authority (RERA), which would benefit both buyers and sellers in the real estate sector.
RERA builder registration is essential since it has had a great impact on the real estate sector as liquidity has been tightened. Project costs have increased, and so has the Cost of Capital. Real estate has reached a new level of standardization with the introduction and application of RERA.
RERA was introduced to benefit both buyers and builders alike. As a builder, you must choose RERA project registration taking into consideration the following points:
Rera Consultancy Services and Rera registration is crucial for anyone involved in the Real Estate Industry. So, when you come to Foot2Feet.com looking for your RERA registration consultant, you shall find a team of professionals ready to work with you. We shall take care of the entire process, right from documentation to finally acquiring the RERA registration certificate.
In addition we will get approve your Rera application within 7 days of the application with our rera consultancy service. We work for RERA registration in pune or rera consultant in Mumbai as well as all major cities in Maharashtra like Nagpur, Aurangabad, Solapur, Nanded, Nasik, Kolhapur or all Talukas in Maharashtra.
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As a promoter (builder, developer, society, development authority), you shall have to follow the procedure necessary for RERA registration.
Under the act, all residential and commercial properties will have to register under RERA, especially those which:
● Have a land-use of 500 square meters or over
● Have eight apartments or more
If you have an ongoing project that has not yet received a Completion Certificate, then you will need to apply for RERA registration within three months.
RERA registration for builders is mandatory under the act.
According to the regulations given under RERA, Section 59 states that in case a project is not registered then a penalty of up to 10% will be charged based on the estimated cost of the said project. In case the promoter decides not to register in spite of this fine, an additional 10% of the penalty shall be borne by the promoter. This could also come with a three-year imprisonment sentence.
Let’s say you registered under RERA but gave false information about an aspect related to the project, then you shall be charged with a 5% penalty of the estimated cost of the project.
If you wish to avoid such hassles, then consider hiring an expert RERA consultant and get Rera consultancy services in Pune from Foot2Feet.
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You, as a promoter, shall have the upper hand in deciding the validity of your RERA registration. This could either be until the completion of the project or a period as mentioned in the affidavit.
You will be granted extension under the following circumstances:
● A natural calamity or a situation like the war may hinder the development process
● If you have given a suitable reason that the authority finds acceptable, then a maximum of one-year extension shall be provided
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