RERA registration is the process of registering real estate projects and agents with the Real Estate Regulatory Authority (RERA) established by the government of India. Here’s a brief overview of its advantages, disadvantages, and procedure:
Increased transparency:
RERA registration ensures transparency in real estate transactions and helps protect the interests of buyers and investors.
Credibility:
RERA registration provides credibility to the developer and can help in attracting buyers and investors.
Legal protection:
RERA registration provides legal protection to both buyers and developers, and helps in resolving disputes.
Time-consuming:
The process of RERA registration can be time-consuming, as it involves filling out various forms, submitting documents, and waiting for approval.
Costly:
Registering a real estate project with RERA can be costly, as it involves fees and expenses associated with legal documentation and compliance.
Visit the official website of RERA (https://rera.gov.in/), which is the government portal for RERA registration.
Fill out the online application form with the required details of the real estate project, such as name, address, land ownership, promoter details, and other project-related details.
Submit the necessary documents such as land ownership documents, promoter details, project details, and other relevant documents as required.
Once the application is approved, the developer will receive a registration number and a registration certificate.
In summary, RERA registration provides increased transparency, credibility, and legal protection, while disadvantages include time-consuming and costly procedures. The procedure for RERA registration involves visiting the RERA website, filling out the online application form, submitting necessary documents, and obtaining the registration number and certificate.
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