Gupta Anoop & Co. Chartered Accountants

RERA REGISTERATION

RERA REGISTERATION


Uttar Pradesh RERA Registration for Projects

To improve the responsibility and accountability towards consumers, the Real Estate Regulation and Development Act (RERA) has mandated real estate promoters (real estate developers) to register the project and to obtain a valid registration number before proceeding the work. The promoter will not be permitted to market, advertise or sell the units before the Uttar Pradesh RERA registration for projects. In case the project is to be developed in phases, the promoter has to obtain registration for each phase separately. In this article, we will look at the procedure for obtaining Uttar Pradesh RERA registration for projects in detail.

Real Estate Regulation and Development Act (RERA)

The Real Estate Regulation and Development Act (RERA), 2016 is considered as one of the landmark legislation passed by the Central Government. Its main objective is to reform the real estate sector in our country, encouraging greater transparency, citizen centricity, accountability and financial discipline.  RERA is in line with the vast and growing economy of India as in future; many people will be investing in the real estate sector.

Applicability

The following person/entity can apply for Uttar Pradesh RERA Registration for Projects.

  • Individual
  • Company
  • Proprietorship Firm
  • Societies
  • Partnership Firm
  • Competent Authority
  • Local Authority

Documents Required

The documents required for Uttar Pradesh RERA Registration for Projects are listed as follows:

  • For Individual: Photograph, PAN and Aadhar of the applicant
  • For Company: Company registration certificate, CIN, PAN TAN, brief detail of enterprise, Photograph and Photographs of all Partners and Directors.
  • For Proprietorship Firm, Societies and Partnership Firm: Company Registration Certificate, PAN, CIN/TAN and Photographs of all Partners and Directors.
  • For Competent Authority: PAN, CIN, TAN and Photographs of Housing Commissioner, CEO and VC.
  • For Local Authority: PAN, TAN and Photograph of M.C./E.O
  • Brief detail of the project
  • Audited Balance Sheet
  • ITR of the last three years.
  • Registry document
  • Sale Deed
  • Lease Deed
  • Extract of Khatauni
  • Allotment Letter issued by Competent Authority

Are You Looking for Business Solutions ?