A Basic Guide to UP RERA: Registration Procedures and a Few others!
An Introduction Of UP RERA
The Real Estate Regulation and Development Statute, 2016, often known as RERA, is an act that governs India’s real estate sector. The Act was enacted by Parliament in 2016 and took effect on May 1, 2016. RERA Act 2016 does, however, provide portions of each state’s RERA power. Likewise, Uttar Pradesh has a real estate regulating authority called UP RERA. RERA UP was established on October 27, 2016, with the goal of protecting house purchasers’ interests and boosting real estate investments in Uttar Pradesh.
How RERA helps homebuyers
This blog provides information about UP RERA project specifics, the UP RERA registration process, RERA UP costs, papers, and other topics.
The Highlights of UP RERA
Home buyers, real estate brokers, and promoters all gain from UP RERA. UP RERA has the following features:
- The purpose of the Act is to control the Real Estate Regulatory Authority and develop the real estate industry.
- It guarantees that real estate initiatives are transparent.
- To protect the rights of property buyers, a quick dispute resolution process is devised.
- A buyer can examine all of the information available about a builder or promotion.
- In the event of a discrepancy, the State Real Estate Regulatory Authority should be contacted.
- The authority has jurisdiction over both residential and commercial property transactions.
How to Check UP RERA Registered Promoters or Agents?
To check the status of registered Promoters or Agents, go to the UP RERA website and click on the Important links link on the home page. Click on Registered Promoters to view the list of Promoters; click on Registered Agents to view the list of Agents. Then provide the necessary information such as Promoter/Agent Name, District, Tehsil, and so on. Then click the Search button. The screen will provide information on agents or promoters.
How To Register As A RERA UP Agent
Complete the steps below to register as an agent with UP RERA:
Step 1: Go to the UP RERA website, go to Registrations, and then to Agent.
Step 2: Fill out all of the essential information, such as your Aadhar number, address proof, personal information, bank information, and so on.
Step 3: Finally, click Save and Pay. The payment page will appear; proceed to make the payment online with a credit card/debit card/NEFT/RTGS or UPI option.
Documents Required for UP RERA Registration
To register a project under RERA UP, a promoter must provide scanned copies of the following documents:
- PAN Number
- Balance statement from the previous year
- Income Tax Returns for the previous three years
- Copy of the Project Plan
- The number of parking spaces included in the project.
- The promoter’s or landowner’s title deed
- The projects or the land on which the project is build’s encumbrance certificate
- Collaboration or partnership agreement
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
