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RERA Compliances


Real Estate Regulatory Authority(RERA) for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, of real estate project,in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal.





Advantages of RERA


 AUTHORISATION

Without registration with the regulator, a developer would not be able to invite, advertise,sell,offer or book any plot, apartment, house, building or any other investment in the project.

Post registration, all the advertisement soliciting investment will have to bear the unique project-wise RERA registration number.

  SECURITY

A minimum of 70% of investors and buyers money would be kept in a separate escrow account. This money can only be spent on construction of the project and the cost borne towards the land. Developers cant ask more than 10% of property's cost as an advanced payment booking amount before the registered sale agreement is signed.

 TRANSPARENCY

Under RERA, builders are required to submit the original approved plans for their ongoing projects and the alterations that they made later to the regulator.

Developers cant make any changes to the plan without the written consent of the buyer.



 FAIRNESS

Under RERA properties will be sold based on carpet area, and not on super built-up area.

In the event of project delay, buyers are entitled to receive the entire money invested or they can stay invested and receive monthly interest.

 QUALITY

If any issue is highlighted by the buyer to the regulator within 5 years from the date of possession, then it has to be fixed within 30 days by the builder.




Landsman Services




  •  Registration & Allied Services of the Real Estate Project.
  •  Advising on the Real Estate (Regulation & development) Act, 2016, Rules & Regulations.
  •  Land Title search report & No Encumbrance certificate.
  •  Quaterly Updates as to developments on behalf of Client on RERA Website.
  •  Liaison with authorities for various approvals of the project.
  •  We will furnish such other documents as may be prescribed by the rules or regulations made  under this Act, and follow up with the authorities for other information and documents as may   be prescribed.
  •  Appearance before Real Estate Appellate Tribunal.




RERA CALCULATOR


Group Housing Project
Mixed Development
Commercial Projects
Plotted Development Projects
Acre Guntas Sq Meters
Sq Yards Sq Feets