RERA Registration in Noida
Having its own fast growth and real estate charm, Noida deserve a separate analysis of RERA registration requirement stating related State Regulations, which is as under;
Having its own fast growth and real estate charm, Noida deserve a separate analysis of RERA registration requirement stating related State Regulations, which is as under;
Being one of the hubs in real estate projects, Lucknow deserve a separate analysis of RERA Registration in Lucknow, which is as under;
The real Estate projects that are ongoing and have not received completion certificate or occupancy certificate, on the date of commencement of the Act, i.e. 01/05/2017, the respective promoter shall be required to get registered with RERA
every promoter shall get the eligible real estate project, registered with RERA authority before sale/promotion/advertisement/booking etc.
Every real estate agent needs to take prior registration with RERA authority of Maharashtra before dealing in any transactions relating to sale/purchase, advertising or brokerage of the property of a project registered under this Act.
Registration of Real Estate Agent under RERA – Gujarat (As per “Gujarat Real Estate (Regulation and Development) Rules, 2017) As per section 9 of “Real Estate (Regulation & Development) Act, 2016 (REDA) read with Rule 10 of above mentioned Rules, Every real estate agent need to register with RERA authority of that State before dealing … Continue reading “RERA Registration of Agent in Gujarat”
As per REDA, no promoter can sell/book/advertise or enter any agreement for sale any part of the project without prior registration with RERA authority.
The application for registration of such Real Estate Project shall be made in writing along with declaration, as prescribed in Rules, in triplicate.
As Real Estate Regulation and Development Act 2016 came into force across India, Uttar Pradesh is one of the states which lags behind in setting up a regulatory authority.
As per section 3 of The Real Estate (Regulation and Development) Act, 2016 (here-in-after referred as RERA), which has come into force from 1st May, 2016 and has been notified to be commenced w.e.f. from 1st May 2017.
Prior to the RERA Act coming into force, the real estate sector in India was mostly unregulated, with no standardization of business operations or transactions. Due to a lack of a legal framework, home buyers/allottees were often confronted with issues such as project delays, price increases, and poor building quality.
Section 8 of the RERA is an essential clause that guarantees the protection of homebuyers’ interests in the event that the registration of a real estate project is canceled or expires.
Brokers and agents will have to ensure that, they are properly registered with the regulator under RERA.
Due to nation wide lockdown MahaRERA extended the period of validity for registration of all registered Real Estate Projects by 3 Months.
If the project isn’t RERA Registered you can approach the concerned RERA Authority for initiating a complaint against the concerned developer for non-registration.