Rera Registration in Jharkhand

Rera Registration in Jharkhand-Rera Registration Consultant in Jharkhand-Rera consultant in Jharkhand-Rera Project registration consultant in Jharkhand

Rera Registration in Jharkhand-Rera Registration Consultant in Jharkhand-Rera consultant in Jharkhand-Rera Project registration consultant in Jharkhand

Under Real Estate (Regulation and Development) Act, 2016, State Government is required to establish Real Estate Regulatory Authority for regulation and promotion of the real estate sector in the State. The Authority shall strive to facilitate the growth and promotion of a healthy, transparent, efficient and competitive real estate sector while protecting the interest of allottees, promoters and real estate agents. The authority shall also establish an adjudicating mechanism for speedy dispute redressal regarding registered real estate projects. The key responsibilities of the Authority shall be as follows:

  • Ensuring Disclosures of Real Estate Projects by Promoters
  • Real Estate Projects Registration
  • Real Estate Agents Registration
  • Complaints Redressal
  • Provide recommendations to appropriate Government on in matters relating to the development & promotion of real estate sector

Real Estate Projects Registration

All commercial and residential real estate projects will have to register except in projects where

  • area of land proposed to be developed does not exceed five hundred square meters
  • number of apartments proposed to be developed does not exceed eight inclusive of all phases
  • promoter has received completion certificate for a real estate project prior to commencement of this Act
  • for the purpose of renovation or repair or re-development which does not involve marketing, advertising selling or new allotment of any apartment, plot or building, as the case may be, under the real estate project

No promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building, as the case may be, in any real estate project or part of it, in any planning area within any state, without registering the real estate project with that state’s Real Estate Regulatory Authority. Promoter of ongoing real estate projects, in which all buildings as per sanctioned plan have not completed, shall also be required to be registered for such phase of the project.

If any promoter fails to register as per Act, he shall be liable to a penalty which may extend up to ten per cent of the estimated cost of the real estate project. On continued violation, he shall be punishable with imprisonment for a term which may extend up to three years or with fine which may extend up to a further ten per cent of the estimated cost of the real estate project, or with both.

Apart from Registration, the promoters shall be required to provide quarterly updates on the status of the project to the Authority.

Real Estate Agents Registration

All Real Estate Agents should register under this Act. No real estate agent shall facilitate the sale or purchase of or act on behalf of any person to facilitate the sale or purchase of any plot, apartment or building, as the case may be, in a real estate project or part of it, without obtaining registration under this section.

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 per cent 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

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