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The Real Estate (Regulation & Development Act) popularly known as RERA was come into power on May 1, 2016, to govern the still-largely unregulated real estate industry. It is a piece of legislation enacted by the government at the national level. States and union territories, on the other hand, have been granted the authority to make and publish their own rules in this regard.
Documents required for registration under RERA
• PAN Card of the builder
• ITR of last 3 years and the balance sheet of the builder
• Builder must clarify about the apartment (carpet area, number of floors, parking space)
• Declaration by the builder of having legal title of the land with proof
• Details of the land (rights, title, mortgage)
• If the builder is not the owner of the land, the consent letter of the actual owner with documents will be required
• Details of the project (location, sanctioned plan, layout plan)
• Ownership documents (proforma of allotment letter, agreement of sale)
• Information of the persons involved (Architects, Engineers and others)Click here to know more – RERA Registration
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