* All companies registered with ROC / MCA are required to file their Annual Financial statements and Annual Returns with the Registrar of Companies. Non-filing is an offence under Companies Act, 2013 which can lead to prosecution and imprisonment of its directors. Besides, the directors of such company(s) are also disqualified for a continuous period of three years.

The real estate sector plays a crucial role for housing and infrastructure in the country.Inspite of the high growth in the sector, it has largely remained unregualated, without professionalism and lack of adequate consumer protection.

This has lead to an unhealthy growth of the industry, emphasising the need for Government regulation.

The Real Estate (Regulation & Development) Act 2016 ( RERD ACT), came into force with effect from 01/05/2016 and 69 out of 92 sections viz., Section 2, Sections 20 to 39, Sections 41 to 58, Sections 71 to 78 & Sections 81 to 92, came into force from 01/05/2016. The remaining sections have come into force on 01/05/2017.

RERA seeks to bring transparency and accountability to the real estate sector. It is now mandatory for Real Estate Projects and Real Estate Agents/Intermediaries to register. There are significant penalties proposed for non compliances. All stakeholders are bestowed with a host of rights with fast track mechanism for non compliance and for redressal of grievances.

How Conscientia Assists!

    1. Consultation and Discussion
    2. Sign off of Assignments
    3. Collection of Documents
    4. Collection of Project, promoters and other Details (From basics to all sanctions plans)
    5. Write about project
    6. Preparing Proforma of Allotment Letter
    7. Preparing Agreement of Sale
    8. Preparing conveyance Deed
    9. Filling Applications
    10. Replies to objections by RERD authority
    11. Liaison with RERD authority for Registration
    12. Providing Title Certificate – Certified by Qualified Advocates
    1. Preparation of Application for registration of Real Estate Agent
    2. Submission of application & liaison with The Real Estate Regulatory Authority for registration.
    1. Awareness programme/Consultation
    2. Title Scrutiny & Vetting of Agreements
    3. Assistance to ensuring that builder is RERA Compliant
    4. Assistance in Concluding Transactions by Registration of Agreement

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