Rera Filing

Under  Real Estate (Regulation and Development) Act 2016 , all Real Estate Agents shall have to register with RERA before facilitating any transaction. 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 percent 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. The registration number for real estate agents shall be valid for five years.In total, over 4,000 real estate agents are registered in Maharashtra. Now, Let's have a look at the process of  RERA Registration for real estate agents in Maharashtra . Documents required for  RERA Registration in Maharashtra  for real estate agents: ...

Sport township projects are becoming popular in developing countries like India. Now, the question arises is- Will these projects be able to redefine India’s residential real estate? According to real Estate experts, “The exposure to modern architecture and international home concepts are changing the designing of real Estate Projects. Lifestyle aspirations are rising and demanding the homes projects with golf, clubs, swimming pools and other recurring concepts for luxurious living. In sports, golf is one of the most common games preferred by sports lovers. Sports Township is rising at a very fast rate in Real Estate as people are seeing it as a status symbol.” Golf course, swimming pool, cricket ground, horse riding arena, squash courts, and tennis are some of the common categories included in the recently launched Sports Township. Some of the advanced Real Estate Projects also included training programs and coaching academies for such games. According to Real Estate Developer...

No extension for RERA Registration said, Gautam Chatterjee Dated on:  Monday 10th July 2017 MAHARERA chairman Gautam Chatterjee make it very clear that builders and developers will not be getting any extension for  RERA Registration in Maharashtra . Last day for Registration is 31 July 2017 only.Builders have been given 90 days time to register their ongoing projects with RERA without any extension of the deadline.Builders are liable to pay penalty in case they don’t get registered with RERA by 31 July 2017.  Only 3400 brokers and 300 projects have been registered in Maharashtra so far with MAHARERA. Chatterjee said he expects about 20,000 ongoing projects to be registered by the end of July. Any ongoing project that is being marketed needs to be registered with the authority or else it would be taken as the violation of section 3 of MahaRERA rules.  Maharashtra was one of the first states to implement RERA on 01 May 2017. RERA in Maharashtra  will...

All you need to know about RERA in Madhya Pradesh Monday 10th July 2017 Author:  Riya Kapoor Highlights Section 9 of the Act provides that real estate agents which engage in selling projects registered under the Act can only do so after registering themselves with the Authority Real estate agents will get a certificate number which will be valid for 5 years. Registration fees in case of Individual are Rs 10,000 and Rs 50,000 in the case of other than an individual. Madhya Pradesh was one of the first states in the country to build an authority in the Real Estate Regulation and Development Act. The Real Estate (Regulation and Development) Act, 2016 is an Act of the Parliament of India which seeks to protect  home-buyers  as well as help boost investments in the real estate industry. The bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016. The Act came into force on 1 May 2016 with 69 of 92 sections not...

MAHARERA chairman Gautam Chatterjee make it very clear that builders and developers will not be getting any extension for  RERA Registration in Maharashtra . Last day for Registration is 31 July 2017 only.Builders have been given 90 days time to register their ongoing projects with RERA without any extension of the deadline.Builders are liable to pay penalty in case they don’t get registered with RERA by 31 July 2017.  Only 3400 brokers and 300 projects have been registered in Maharashtra so far with MAHARERA. Chatterjee said he expects about 20,000 ongoing projects to be registered by the end of July. Any ongoing project that is being marketed needs to be registered with the authority or else it would be taken as the violation of section 3 of MahaRERA rules.  Maharashtra was one of the first states to implement RERA on 01 May 2017. RERA in Maharashtra  will facilitate trust among the buyers and sellers of real estate,” said Gautam Chatterjee.

The Real Estate ( Regulation and development ) Act to come into force in India on 01 May 2017.  Real estate agents are the nerve of real estate industry.They are the mediators facilitating transactions between builder and buyer. Section 9 and 10 of act covers real estate agents. Under  RERA provisions , all brokers are mandatory required to get registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him.  The act states that only registered are allowed to function in the real estate market. RERA puts into loop all real estate brokers dealing in under construction projects.  Along with registration, real estate agents are also captured in penalty circle under RERA Regime.  Real estate agents will be penalized if they will falsely represent any information regarding the project to buyers....

Online Listing Tips for Real Estate Agents Friday 7th July 2017 Author:  Twinkle Khanna Highlights Many customers make decisions to buy something simply on the basis of advertisement it shows and large companies are spending millions from their advertising budget Magic Bricks and 99 acres are amongst top online portal and it requires you to register and become a member before you can list your property Don�t give a false image of your property to customers. Sooner or later, they will find out the truth which will only turn down the deal. Be honest with your clients and business An effective advertisement is a key to success of any business. Ads give a competitive edge to companies by highlighting their unique selling point. Many customers make decisions to buy something simply on the basis of advertisement it shows and large companies are spending millions from their advertising budget to enhance the way they are displayed. Everyone and everything ...