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Objectives of AP RERA



Key Features of AP RERA









RERA in AP!


Registration Process with AP RERA

For Developers:

1. Required Documents:

  • Details of the promoter (PAN, Aadhaar, photographs, address proof).
  • Financial statements, including the profit and loss statement, balance sheet, and ITR.
  • Project approvals, layout plans, title deeds, and encumbrance certificates.
  • Structural safety certificates and estimated completion timelines.

2. Fee Structure:

  • Registration fees are based on the project type (residential or commercial) and area size.
  • Fees can be calculated using the Registration Fee Calculator on the RERA portal.

3. Submission Process:

  • Applications can be submitted online via the AP RERA portal.
  • Fees must be paid via NEFT/RTGS.

For Agents:

1. Required Documents:

  • Identification documents (PAN, Aadhaar).
  • Business details and address proof.
  • Information about any ongoing legal disputes.

2. Fee Structure:

  • A fixed fee applies, varying for individuals and companies.

Complaint Registration Process

Buyers, developers, or agents can file complaints regarding non-compliance, delays, or fraudulent practices.

  • Visit the AP RERA portal at www.rera.ap.gov.in.
  • Navigate to the 'Registration' menu and select 'Complaint Registration.'
  • Fill out the complaint form, specifying:
    • Details of the complainant and respondent.
    • Nature of the complaint.
    • Supporting documents, if applicable.
  • Submit the form after payment of the complaint filing fee.

Penalties for Non-Compliance

Developers:

  • Fines up to 10% of the project cost for failure to register.
  • Imprisonment or higher fines for repeated offenses.
Agents:
  • Penalties for facilitating transactions without registration.
Homebuyers:
  • Buyers providing false complaints or misleading information can also face penalties.


Benefits of RERA in Andhra Pradesh

  • For Homebuyers:
    • Enhanced protection against project delays, fraud, and misrepresentation.
    • A transparent process to assess a project’s progress and legality.
  • For Developers:
    • Increased credibility and trust among customers and investors.
    • Standardized practices and reduced litigation risks.
  • For Real Estate Agents:
    • Registration enhances their professional credibility.
    • Legal framework to operate within ethical boundaries.

AP RERA Office and Contact Details

  • Address:
    Andhra Pradesh Real Estate Regulatory Authority
    1st Floor, RTC House, Vijayawada, 520013
  • Email: helpdesk-rera@ap.gov.in
  • Website: www.rera.ap.gov.in

Conclusion

RERA Andhra Pradesh is a landmark initiative to revolutionize the real estate sector by ensuring transparency, accountability, and efficiency. It safeguards buyers, promotes fair practices among developers and agents, and boosts investor confidence, creating a robust foundation for sustainable growth in the real estate industry.

Why Choose Us

Accountants Factory LLP offers specialized services to help businesses navigate the complexities of the Real Estate (Regulation and Development) Act (RERA). Our team provides end-to-end assistance for RERA registration, compliance, and grievance redressal, ensuring that builders, developers, and real estate agents meet all regulatory requirements seamlessly. From preparing and submitting documentation to guiding on project disclosures and compliance audits, we ensure transparency and accuracy at every step. With our expertise, real estate stakeholders can focus on their projects while we manage the legal and regulatory intricacies of RERA compliance efficiently and professionally.


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