Introduction
The Uttarakhand Real Estate Regulatory Authority (RERA) is a regulatory body that was established to protect the interests of homebuyers and investors in the real estate sector. In this article, we will provide detailed information about the functions, registration process, and documents required for RERA Uttarakhand. We will also highlight the benefits of the RERA Act and the services offered by RERA Uttarakhand. Additionally, we will address frequently asked questions related to RERA Uttarakhand.
Benefits of RERA Act
The RERA Act, or the Real Estate Regulatory Authority Act, was introduced to bring security, transparency, and fairness to the real estate sector. The Act aims to protect homebuyers and investors from delays, fraud, and other malpractices. Some of the key benefits of the RERA Act include:
- Standardization of carpet area and elimination of super-built-up cost
- Limitation on advanced payment to agents/builders/developers
- Grievance redressal forum for buyers
- Right to inquire about projects
- Reduction in the chances of builder insolvency
- Buyer’s rights in case of project defects
RERA Uttarakhand
The Uttarakhand Real Estate Regulatory Authority (RERA Uttarakhand) is the state-level regulatory body responsible for regulating and registering real estate projects, developers, and agents in Uttarakhand. The RERA Uttarakhand website allows consumers to register complaints against agents and builders. Currently, there are 235 registered projects and 246 approved real estate agents in Uttarakhand.
Services Offered by RERA Uttarakhand
RERA Uttarakhand offers various services to ensure the smooth functioning of the real estate sector. Some of the services provided by RERA Uttarakhand include:
- Project registration
- Agent registration
- RERA training
- RERA consultancy
- Project quarterly compliances
- Project extension
- Change in project name
- Change in bank account
- Application for project completion
- GST registration
Functions of RERA Uttarakhand
The Uttarakhand Real Estate Regulatory Authority performs several important functions to ensure the smooth functioning of the real estate sector. Some of the key functions of RERA Uttarakhand are:
- Ensuring registration of real estate projects and providing necessary information
- Ensuring registration of agents and resolving disputes and complaints
Why Choose RERA Uttarakhand?
RERA Uttarakhand aims to create a fair and equitable transaction between homebuyers and sellers. It brings transparency and accountability to real estate transactions and simplifies the purchasing process. By implementing the RERA Act, the Uttarakhand government strives to protect the interests of homebuyers while supporting the growth of the real estate sector.
Registration Process
The registration process for a real estate project under RERA Uttarakhand involves the following steps:
- Visit the official RERA Uttarakhand website
- Select the “Project Registration” option from the homepage
- Fill out the registration form and follow the given directives
The registration process for RERA agent involves similar steps:
- Visit the official RERA Uttarakhand website
- Select the “Agent Registration” option from the homepage
- Fill out the registration form and follow the given directives
Documents Required
The documents required for project registration and agent registration under RERA Uttarakhand are as follows:
Documents required for project registration:
- PAN Card copy
- Balance sheet of the last financial year
- Income Tax Returns for the last 3 financial years
- Details of available open parking spaces
- Authenticated copy of the title deed
- Details of encumbrances
- Declaration of non-discrimination in property allotment
- Project details such as total area and status
Documents required for agent registration:
- PAN Card copy
- Proof of address copy
- Registration certificate copy
- Proof of business address copy
- Passport size photographs
- Income Tax Returns of the last three financial years
Eligibility Criteria
The eligibility criteria for registration under RERA Uttarakhand are as follows:
- Commercial projects must have a land area over 500 sq m
- Residential projects must have a land area over 500 sq m or 8 apartments
- Projects without a certificate of completion must be registered within 3 months
- All sale or purchase of real estate properties by agents must be registered under the RERA Act
- Agents will be provided with a registration number that must be mentioned in every transaction
Uttarakhand RERA Complaint Online
Any individual can file an online complaint against the violation of the RERA Act Uttarakhand. The steps to file a Uttarakhand RERA complaint online are as follows:
- Visit the official RERA Uttarakhand website
- Select the “Complaint Registration” option on the homepage
- Enter the details of the complainant and respondent
- Attach required documents and make the payment
- Submit the complaint
Penalty for Non-Registration
If a project fails to register under RERA Uttarakhand, a penalty of 10% of the project cost will be imposed. In case of extended default, an additional 10% penalty will be added, along with the possibility of imprisonment for up to 3 years.
List of Approved Projects in Uttarakhand RERA
Some of the RERA-approved projects in Uttarakhand include:
- Presidency Mayfair Avenue
- Evolve the Doon Republic
- Jaybhave Raj
- Holy Height Builders
- Aknova Realtech Scorf
- United Avenue
- Rawat Villa
- Disha Pinnacle Residency
- Acon Urban Hill
- JKG Palm Residency
- Maxvel Realtech Residency
- Bhoomi NTPC
- Orchid Park Phase 1 and 2
- Eminent Height
- Haridwar Byee Pass near ISBT
- Sikka Kimaya Green
Contact Information and Office Address
If you have any queries or complaints regarding RERA Uttarakhand, you can contact them using the following information:
- Contact Number: 0135-2719500
- Email ID: [email protected]
- Address: Rajeev Gandhi Complex, Dispensary Road, Dehradun, Uttarakhand, 248001
- Fax Number: 0135-2719500
- Helpdesk Number: +918859901717
FAQs
What does the term Promoter mean?
The term “Promoter” refers to any individual who develops or builds a building, plot, or apartment for the purpose of selling it to homebuyers.
State the difference between completion certificate and occupancy certificate.
The completion certificate is provided when the project is considered complete, while the occupancy certificate is provided when the building is ready for habitation.
What is the time limit to register a project under RERA?
Under the RERA Act, a project must be registered within 30 days of applying.
Is it compulsory to audit the accounts of the promoter?
Yes, as per the RERA Act, the promoter must get their accounts audited within 6 months after the end of the financial year.
State the penalty charged on promoters for the violation of RERA regulations.
The penalty charged on promoters for the violation of RERA regulations is 5% of the project cost.
When is the promoter allowed to advertise their project?
The promoter is allowed to advertise their project only after completing the registration process under the RERA Act.
Does the RERA Act cover ongoing or incomplete projects?
Yes, the RERA Act covers all projects, whether they are ongoing or incomplete.
What does the term carpet area mean?
The carpet area refers to the total size of the floor within the walls of the apartment that can be utilized. It does not include balconies, open terraces, and shafts.
Conclusion
RERA Uttarakhand plays a crucial role in regulating the real estate sector and protecting the interests of homebuyers and investors. By providing information about the registration process, services offered, and benefits of the RERA Act, this article aims to empower individuals with knowledge and create transparency in the real estate market. If you have any concerns or queries, do not hesitate to contact RERA Uttarakhand. Take advantage of RERA Uttarakhand’s services and ensure a safe and secure real estate transaction.
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