The Real Estate Act makes it mandatory for all commercial and residential real estate projects where the land is over 500 square metres, or eight apartments, to register with the Real Estate Regulatory Authority (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution.
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What is RERA?
1. Why "INTYGRAT"?
"INTYGRAT" is an company that offers focused blended advisory & compliance
management as its core business. We have a single minded proposition to help you
focus on your core business while we take care of your loose ends.
With fast paced economy the requirements of business have become more
increasingly dynamic. In the current situation it is becoming increasingly difficult to
keep up with ever changing regulatory requirements. It has become imperative for
businesses to have domain experts to handle various areas
2. About Us
"INTYGRAT" Business Advisory (P) Ltd, are here just to engage with you in the
complexities of your business with our specialized advisory services and take away all
your compliance-related worries with our compliance management.
Incorporated in 2011, "INTYGRAT" along with its coexistent entities has a
consolidated experience of more than 15 years in diverse areas, such as Company
Laws, Securities Law, Tax Laws, Accounting Advisory, Structuring, Restructuring and
Compliance Management
We offer a gamut of advisory and compliance management services under one
umbrella with synergies across verticals drawn from within and coexistent entities. We
are one of India’s few pioneering consulting companies that specialize in advisory and
compliance management as their core business.
3. Real Estate Sector in India has over the last decades gone through a transformation in
terms of markets, products and regulations. Over the recent years, the regulatory
compliance in Real Estate Sector have gone many notches up by introduction of Real
Estate (Regulation and Development) Act 2016 (RERA). RERA intends to bring
transparency and accountability in the sector. Besides mandatory registration for Real
Estate Projects and Real Estate Agents/ Intermediaries, a host of disclosures are
required to be made by the Promoters of such Real Estate Projects.
4.
5. Objectives of RERA?
1. Promote efficient and transparent Real Estate transactions and for consumer
protection.
2. Establishment of Regulator for regulation and promotion of Real Estate
Sector
3. Establish a speedy adjudication mechanism by establishing the processes at
Regulator level and by creating Real Estate Appellate Tribunals etc.
4. To estsblish an adjudicating mechanism for speedy dispute redressal and to
establish the Appellate Tribunal
6. Salient or key features of RERA?
•
Every real estate project over 500 Sq Mtrs or 8 Flats or more need to be
registered with the State RERA i.e State Real Estate Regulatory Authority
•
Completion certificate on or before April 30th, 2017 shall also be categorised
as ongoing project and shall need registration with RERA (Real Estate
Authority) of the concerned state
•
No advertisement or booking can be made by the Promoter/Developer without
registration.
•
Periodic updation of the status of project including sales etc is required to be
made.
7. Corporate Office :-
Intygrat Business Advisory (P)Ltd.
(CI No. U74900DL2011PTC216088)
2 nd Floor, Building No. 13
Community Centre, East of Kailash
New Delhi – 110065
Ph.:+91 9599002354, +91-11-40514977
www.intygrat.com