The main goal of RERA, a government organisation, is to protect the interests of buyers while paving the way for developers and real estate agents to offer quality services
RERA Compliances
Increasing complaints against builders, promoters, and real estate brokers led to the creation of the Real Estate Regulatory and Authority (RERA) Act in March 2016. The main goal of RERA, a government organisation, is to protect the interests of buyers while paving the way for developers and real estate agents to offer quality services. We believe that the nationwide implementation of RERA is a very pro-industry and pro-consumer effort that, if carried out in word and spirit, would bring transparency and constructive change to the nation’s real estate market.
Documents required for RERA Agent Registration in Maharashtra are as follows:
- PAN Card
- Registration Information, Including Bylaws;
- Memorandum of Association
- Each letterhead needs to be self-certified
- Rubber-stamped self-certified copy with letterhead
- It is suggested that the real estate agent use acknowledgment receipts.
- Declarations representing the last three years’ of income tax returns
- There aren’t any open criminal or civil cases.
- Consultancy relating RERA compliances.
- Project Registration under the act, ensuring compliances.
- Ensuring preparation and maintenance of books, accounts, documents and records as per the Act.
- Managing fund in accordance with Section 4(2)(1)(D) Of The Act.
- Issuing certificate of withdrawal for Specific Bank Account under RERA.
- Drafting Brochure, Allotment Letter, Agreement to Sale and Sale Deed in accordance with the REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016.
- Filing Quarterly update with RERA.
- Audit of Financials in accordance with Section 4(2)(1)(D) Of The Act and filing with the RERA.