Q:I am planning to construct a residential project for my family where the plot area would be more than 500 sq. mtrs. and number of units would be more than 8 but these units are not for sale to anybody or to publicIn this scenario do I need to apply for RERA registration? Because I understand the main purpose of RERA is to protect the allotees (home buyers) from the malpractice of the builders but in my case since I do not intend to sale the units the buyer would not come in picture.
Latest Answer: Timely Delivery of property otherwise builder has to pay fine and interest on property.
No more change in floor and master plan as builder has to develop projects as per the passed plan, cannot manipulate as per his choice.
Latest Answer: Hi!
Here i would like to explain the process of and documents required for property registration:- The property documents that need to be registered, should be submitted to the office of the Sub-Registrar of Assurances within whose jurisdiction the property, which is the subject matter of transfer, is situated. The authorised signatories for the seller and the purchaser, have to be present along with two witnesses, for registration of the documents.
The signatories should carry their proof of identity. The documents that are accepted for this purpose, include Aadhaar Card, PAN Card, or any other proof of identity issued by a government authority. The signatories also have to furnish the power of authority, if they are representing someone else.
