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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.
Key Components of RERA Act
The key components of Real Estate (Regulation and Development) Act,2016 are as follows:
Real Estate Agent Registration
Key Components of RERA Act
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.
Project Updates
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.
Penalties
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.
Real Estate Agent Registration
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
Validity
5 years
Listing
Every Agent has to be listed by Promoter during the Project Registration / Status Updates. Without which Agent can’t market the project.
Penalties
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.
Jurisdiction
Registration shall be valid only for Maharashtra
Filing of Complaints
Complaints can be filed with respect to registered projects
The aggrieved person can file complaints online or at MahaRERA IT Helpdesk in “Form A” provided by MahaRERA
The fees for filing a complaint is Rs. 5000. The mode of payment is NEFT or RTGS System or any other digital transaction mode.
Any interested party including Allottee, Promoter and Real Estate Agents can file complaints
The aggrieved person can file an application online as per format provided by MahaRERA. It shall include the following details:
- Registration number of the project to which the complaint pertains
- Particulars of the complainant and respondent
- Facts of the case
- Relief Sought
- List of Enclosures and so on