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Real Estate Regulation Act (RERA) registration is mandatory for all the real estate business in India the main purpose of RERA is to regulate all the real estate business at state level. RERA Registration makes sure that there is transparency and greater accountability by reducing the chances of frauds and delay in delivering the project on time which occurs time and again in real estate indenture. The process of registration under RERA is governed by the state governments. Overview of RERA Registration RERA was enacted in 2016; under the provisions of Real Estate Regulation Act, registration is mandatory for all real estate projects in India. Real Estate Regulation Act (RERA), 2016 regulates and governs the real estate business on the state level. Under Real Estate Regulation Act, regulating authorities are recognized at the state level, and governing bodies are in charge for the following:
Advantages of RERA Registration in IndiaThe following are the benefits of registration under RERA in India:
Documents required for RERA Registration in IndiaRERA registration is entirely an online procedure, and it can be completed on the official RERA portal; the documents required for registration under RERA vary from state to state. The following are some essential details and documents necessary for RERA registration: Details required for Real Estate Agent Registration:
What is the procedure for RERA Registration in India?Every agent and promoter has to get themselves register with the RERA authority of their state as per the provisions stated under the RERA Act. The registration under RERA can be done for commercial projects and residential projects and all the necessary fees and required documents must be submitted with the RERA authority. Below-mentioned are the promoter's process to register a project under RERA and the procedure for Real Estate Registration. RERA registration of projects:
Conclusion Real Estate Regulation Act (RERA) registration is mandatory for all the real estate business in India the main purpose of RERA is to regulate all the real estate business at state level. RERA Registration makes sure that there is transparency and greater accountability by reducing the chances of frauds and delay in delivering the project on time which occurs time and again in real estate indenture.
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6/6/2023 02:24:13 pm
Working together, MadeSimple and ANNA hope to give a boost to aspiring entrepreneurs by simplifying the company formation process and helping reduce costs. The new partnership will make it incredibly simple for people thinking of starting a company to get up and running.
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2/27/2024 11:45:34 am
Registering a business involves the formal process of establishing a legal entity with a governing authority, typically a government agency. This includes selecting a business structure, choosing a name, completing required registration forms, and paying associated fees. Depending on the business's location and industry, additional licenses, permits, or tax identification numbers may be necessary. Proper registration ensures legal recognition and compliance with regulatory requirements, facilitating transparent and effective business operations.
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