Simplifying Real Estate Compliance
The Real Estate (Regulation and Development) Act, 2016 (RERA) has redefined the real estate industry in India, ensuring transparency, accountability, and safeguarding the interests of stakeholders. At B M Bhanushali & Associates, we specialize in providing end-to-end RERA compliance services for developers, agents, and buyers, helping them navigate the complexities of the regulatory framework with ease. Our expertise ensures that all statutory requirements are met seamlessly, allowing you to focus on delivering quality projects and fostering trust with your stakeholders.
Comprehensive RERA Support for Developers
RERA mandates stringent compliance requirements for real estate developers, encompassing registrations, approvals, disclosures, and periodic reporting. We provide developers with a robust framework to ensure complete compliance.
- Registration Assistance: We guide developers through the registration process, ensuring timely and accurate submissions of all necessary documentation.
- Project Approvals and Documentation: From project plans to financial disclosures, we help prepare and validate documents to meet RERA standards.
- Compliance Audits: Our team conducts thorough audits to ensure all processes align with regulatory requirements, mitigating risks of penalties or delays.
- Quarterly and Annual Reporting: RERA mandates regular project updates. We assist in preparing and filing accurate reports, keeping you compliant at every stage.
Services for Real Estate Agents
Agents play a crucial role in the real estate ecosystem, and RERA compliance is mandatory for them as well. We assist agents in meeting all regulatory requirements to maintain credibility and ensure smooth operations.
- Agent Registration: Our team ensures that agents are registered under RERA and meet all documentation requirements.
- Advisory Services: We provide guidance on RERA guidelines, helping agents understand their responsibilities and avoid legal complications.
- Representation and Support: In case of disputes or inquiries, we offer representation and expert advice to safeguard agents’ interests.
Protecting Buyers' Interests
One of RERA’s primary objectives is to protect homebuyers by ensuring project transparency and adherence to promises. We assist buyers in understanding their rights under RERA and provide legal and advisory support for grievance redressal.
- Project Due Diligence: We conduct detailed reviews of project documentation to verify compliance and protect buyers from fraudulent practices.
- Grievance Redressal: Our experts assist buyers in filing complaints and resolving disputes with developers or agents under RERA provisions.
- Investment Advisory: For buyers looking to invest in real estate, we provide insights into project compliance and market trends to facilitate informed decisions.
Tailored Solutions for Stakeholders
RERA compliance varies across states, and our services are customized to address the specific regulatory landscape of your region. Whether you are a developer managing multiple projects, an agent navigating registration requirements, or a buyer seeking protection, our team provides solutions tailored to your unique needs.
Key Features of Our RERA Compliance Services
1. Expert Guidance on RERA Provisions
Our team is well-versed in the nuances of RERA regulations, ensuring you stay compliant with all statutory requirements.
2. Seamless Documentation and Filings
We manage end-to-end documentation and filings, reducing administrative burdens and ensuring accuracy.
3. Proactive Risk Mitigation
Our audits and reviews help identify potential compliance gaps, minimizing risks of penalties or legal issues.
4. Representation Before Authorities
We provide expert representation in case of disputes, inquiries, or audits, ensuring your interests are safeguarded.
5. Timely Updates on Regulatory Changes
RERA regulations are dynamic, and we keep our clients updated with the latest amendments to ensure ongoing compliance.
Why Choose Us for RERA Compliance?
In-Depth Expertise
Holistic Services
Client-Centric Approach
Proven Track Record
01
Initial Assessment
We begin by understanding the specific requirements of your project or role, identifying applicable RERA provisions and compliance gaps.
02
Documentation and Filing
Our team prepares and submits all required documents, ensuring accuracy and adherence to deadlines.
03
Ongoing Compliance Management
We provide continuous support for periodic filings, updates, and audits, keeping you compliant throughout the project lifecycle.
04
Dispute Resolution
In case of grievances or disputes, we represent you before RERA authorities and provide expert guidance for swift resolution.
Is RERA registration mandatory for all developers?
Yes, all real estate projects exceeding a specific size must be registered under RERA, except for certain exemptions like renovation projects.
Can RERA compliance reduce project delays?
Absolutely! By ensuring transparency and adherence to regulations, RERA compliance fosters trust and minimizes delays caused by disputes or penalties.
How can RERA protect buyers?
RERA ensures that developers adhere to project timelines, provide accurate information, and fulfill commitments made to buyers, offering significant protection and accountability.
What are the penalties for non-compliance with RERA?
Non-compliance can lead to hefty fines, project delays, and even cancellation of registrations. It’s crucial to ensure timely compliance to avoid such consequences.
How often are developers required to file reports under RERA?
Developers must file quarterly and annual reports detailing project progress, financial disclosures, and compliance with approved plans.