Property Dealer Registration or RERA Registration : Now no confusion

In Continuation of article RERA Registration for Broker in Haryana

RERA Registration or Property Dealer Registration

Here I am again writing an article on Agent Registration under RERA and now adding the details about registration of Property Dealer under Haryana Regulation of Property Dealers and Consultants Act, 2008 (Haryana Act ,38 of 2008).

Let us understand the difference between the RERA & above said act.

Haryana Regulation of Property Dealers and Consultants Act, 2008 (Haryana Act ,38 of 2008) is for the all entities includes but not limited to Individuals, Proprietorship Firms, Partnership Firms, HUF, Private Limited, Limited Company, OPC Private Limited, LLP, etc. working as a property consultant or property dealer or known by any other name.

Here it means any entity working in Fresh booking of property or constructed property or renting work or commissioning work in property or any other facility provider under property related work needs to apply under above said act.

Whereas RERA agent registration is applicable for fresh booking and sale of those properties only.

Essentiality for discussing the registration under both the acts  together for Property Consultant is written as follows.

There is only one reason that in today’s scenario Gurugram RERA authority has mandated the copy of Property Dealer License to apply for RERA Agent registration. It’s a very important point to regularize the business model in the property line and the action taken on this by Gurugram RERA Authority.

Now let’s understand the procedure, documentation and fees for the Property Dealer License.

First of all we need to know that the power for issuing the license is lying with the Deputy Commissioner of the City.

Following written documentation is required for the same.

1. KYC of Individual / Proprietor / Designated Partner / Partners / Directors / Karta, etc. i.e. PAN, Aadhar, ITR and Photograph

2. KYC of Business entity i.e. Board Resolution / LLP Agreement / COI, MOA, AOA / Partnership Deed, etc

3. GST registration certificate if have

4. Registered Lease Deed / Conveyance Deed

5. Affidavit (attested from the respective Tehsildar of the city)

6. Undertaking (attested from the respective Tehsildar of the city)

7. Two Guarantors

8. Character Certificate (certified)

9. Application & Court Fee on that

After the preparation of the complete file, submit it with the respective office of the jurisdiction.

After checking the file, the Department will do the Police Verification of Individuals / Proprietor / Partners / Designated Partners / Directors / Karta, etc.

After getting the above step done with positive results the department will move further and will ask for the Government fee challan.

Client needs to submit that fee challan with the department paid to the Government of Haryana.

After that, the Client Certificate shall be ready.

And Finally the client is eligible to apply the RERA Agent Registration with the authority with all the other required documents.

Under RERA none agent can work as an agent before the appropriate registration under the act.

Currently Builders are also asking for the RERA Agent registration before the agreement or taking Invoice or releasing the commission.

I hope I have cleared the basic things in layman language about the registrations under the above said act.

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After reading the article if you have any query please write to me on nitin.grover@cstaxindia.com or please call me on 95 82 00 94 94.