Revised RERA Regulation by Gurugram RERA for project Registration

revised-rera-regulation-by-gurugram-rera

Recently, The Government of Haryana has constituted 2 RERA (Real Estate Regulatory Authority) in the State of Haryana, which may be summarized as under:

Panchkula RERA

This authority have jurisdiction over Haryana except the district of Gurugram. RERA Panchkula has notified revised RERA Regulations for Project registration, 2018, on 09/02/2018 which would be applicable to the registered project as well.

Gurugram RERA

This authority would have jurisdiction over Gurugram, Only. The Gurugram RERA, in-line of RERA Panchkula, has also notified revised RERA Regulations (Registration of Projects), 2018 on 16/02/2018, which shall be required to be complied with by every project even registered one.

As per notified “The Haryana Real Estate Regulatory Authority, Gurugram, (Registration of Projects) Regulations, 2018 vide notification dated 16/02/2018, the following documents or informations shall be required :

The revised form REP-1 shall require the following documents: (3 copies)

1.   Complete KYC of the Promoter details based on the type of entity,

(For company- Incorporation Certificate MOA and AOA)

2.  Details of Directors KYC, including

  • Photo
  • Pan Card copy
  • Aadhar card copy

3.  Board resolutions for Authorised Signatory along-with KYC of Authorised Signatory

4.  Pan Card of Promoters

5.  Prescribed Details of Projects launched by promoter or promoters in last 5 years, duly certified by Chartered Accountant

6.  Litigation details in the projects launched in last 5 years

7. Details of current project for which registration is being sought

  • Details of landowners
  • Copy of Licence Granted
  • Estimated cost of the project
  • Name of agency for undertaking external developments like
    • Roads
    • Power
    • Water Supply
    • Sewerage system etc
  • Copy of Approved Layout Plan

8. Allocation of project land in various land uses and activities

9. If any part of project has been retained for commercial use

10.  Phase details of the project

11.  The development plan for physical and financial analysis

12. Complete details of facilities to be provided

13. Time schedule of completion of the project

14. % of work completed in on-going projects

15. Physical and financial progress report of the project

16. Details of contractor, architect, services

17. Copy of approvals available

18. Bank account Details

19. Source of funds for preliminary development

20. Chartered Accountant certificate that the promoter has not defaulted any debt liability in last 5 years

21. Copy of Draft allotment letter

22. Copy of agreement letter

The revised regulations are to be complied with by all the promoters which new project or on-going project. The readers are expected to read the rules very carefully and comply with it. The expert can be reached at amarpal@centrik.in

For more information, please mail us at rera@centrik.in

Disclaimer – the above summary is based on the personal interpretation of the revised regulations, which may differ person to person. Hence, the readers are expected to take expert opinion before placing reliance on this article

 

Share Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *