The Real Estate (Regulation and Development) Act alias RERA is a reality now. The government has mandated real estate developers to register their project with the RERA before 31st July 2017. As per the rules, the promoters cannot sell or market their projects without registering with the RERA. If developers breach rules, the RERA will penalize them and the penalty may go up to 10% of the project cost, jail term up to 3 years or both. In the case of real estate agents, they also have to register with the RERA and can only market or sell RERA registered projects.
Certainly, the orders by the government to register with the RERA in such short span of time have created chaos among the realtors. There is no other option than following the RERA rules . Amongst the chaos, there are companies that have mushroomed in the past few months and are trying to cash the moment. In simpler words, there are many private companies who are approaching agents & developers and are manipulating them by pretending that registering with the RERA is a tough job. These companies are creating a scene of confusion and asking realtors, especially aspiring real estate agents , fees for providing RERA registration services.
Now the question is whether realtors really need these services? Is registering with the RERA by an individual a tough job? Is it worth to assign the RERA registration work to a company which pretends to be an expert in RERA registration?
The answer is a BIG NO!
The realtors who think that these companies are providing extraordinary services and making RERA registration easy must note that registering with the RERA is a DIY (Do it yourself) type of work. If all the documents required for RERA registration are in place, then there’s no need of helping hands. Just visit the user-friendly RERA website of your desired state, click the registration tab, fill the required fields, upload the documents and pay the fee, that’s it, you are done with the RERA registration. The whole process will take up to 20-40 minutes and for this simple work, realtors need not depend and pay thousands of rupees to these companies.
The best part is you can reach to RERA authorities easily for any assistance. So, don’t panic, learn more about the RERA at apnarera.com, enlighten yourself with the knowledge of RERA and don’t depend on companies asking service fee for the RERA registration. It is as easy as it looks.
Links provided below will help realtors in registering with the RERA.
Click here to know RERA rules, office address, website and contact details of RERA in various states
Click here to download RERA registration forms for various states.
Click here to know about the documents required for the RERA registration.
Click here to know RERA registration fee for various states.
The Real Estate (Regulation & Development Act) popularly known as RERA came into effect on 1st May 2016 after the government of India sought to promote discipline and transparency in the real estate sector of the country.
The government of Uttar Pradesh has notified the UP Real Estate (Regulation & Development) Act (RERA) on 29 October 2016. Counting to regulate the real estate sector in the state
We all have heard a proverb “Tit for Tat” but it seems that this is not true when it comes to the RERA.