RERA Property Advocate, Lawyers, Consultants In Mumbai, Maharashtra
The Property’s is an online property portal providing information about RERA registration, RERA Property Advocate, Lawyers, Consultants In Mumbai, Maharashtra RERA Property Advocate you are planning for any advocate or consultant for any property in Mumbai contact us, RERA Consultants in Mumbai is such advisory body whose purpose is to guide the people to real estate. RERA Consultants in Maharashtra is such platform which has done thorough research on the official book. We offer consulting services to the promoters and the agent for get registered under RERA.
The key components of Real Estate (Regulation and Development) Act,2016 are as follows:
You can register Online through MahaRERA portal which shall go-live on 1st May 2017. The fees for the registration is Rs. 10 per sq. m of Land Area, subject to minimum Rs 50,000 and maximum Rs. 10 lakhs only. The mode of payment is NEFT or RTGS System or any other digital transaction mode.
Process Flow of RERA Registration
Ninety Day Window
All promoters of Ongoing Projects have ninety day window for completing registration of Projects. Post which promoter shall not advertise, market, book, sell or offer for sale or invite persons to purchase in any manner any plot, apartment or building.
The promoter is expected to regularly update the information on the webpage but once in 3 months updating information on the website related to progress of the project is mandatory.
If any promoter fails to register as per Act, he shall be liable to a penalty which may extend up to ten per cent of the estimated cost of the real estate project. On continued violation, he shall be punishable with imprisonment for a term which may extend up to three years or with fine which may extend up to a further ten per cent or with both.
You can register online through MahaRERA portal which shall go-live on 1st May 2017. If the applicant is an individual, then registration fee is Rs. 10,000. If applicant is other than an individual, then the fee is Rs. 1 Lakh. The mode of payment is NEFT or RTGS System or any other digital transaction mode.
Process Flow for RERA Registration
Registration shall be valid only for Maharashtra
Every Agent has to be listed by Promoter during the Project Registration / Status Updates. Without which Agent can’t market the project.
If any real estate agent fails to register, he shall be liable to a penalty of ten thousand rupees for every day during which such default continues, which may cumulatively extend up to five per cent of the cost of plot, apartment or buildings, as the case may be, of the real estate project, for which the sale or purchase has been facilitated.