The Real Estate Regulatory and Authority (RERA) Act in March 2016 has been made in accordance to increasing complaints against the builders or promoters and the real estate agents. RERA is a government body whose sole purpose is to safeguard the interest of buyers as well as lay a path so that the promoters and the real estate agents get a chance to come up with good services.
The key objectives of the Act are:
Ensuring Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project
Protecting the interest of consumers in real estate sector
Establishing adjudicating mechanism for speedy dispute redressal
Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority
We at Arpitha & Associates feel that implementation of RERA across country is highly pro-consumer and pro-industry initiative and if implemented in letter and spirit, shall bring transparency and positive change in the Real Estate Industry in the country.
Our Services Include:
Consultancy relating RERA compliances
Project Registration under the act, ensuring compliances
Ensuring preparation and maintenance of books, accounts, documents and records as per the Act
Managing fund in accordance with Section 4(2)(1)(D) Of The Act
Issuing certificate of withdrawal for Specific Bank Account under RERA
Drafting Brochure, Allotment Letter, Agreement to Sale and Sale Deed in accordance with the REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016
Filing Quarterly update with RERA
Audit of Financials in accordance with Section 4(2)(1)(D) Of The Act and filing with the RERA
Real Estate Regulatory Authority
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