Dear Experts and friends,
A Builder Company (Promotor) is located and registered in Karnataka. It has projects in Karnataka, Maharashtra and Tamilnadu.
Now - Does the Company require RERA Registration in all States where projects are located or only in Karnataka where the Company is registered and located?
RERA registration is based on Location of Promotor or Location of Projects?
Please kindly advise.
Separate registration in each state, wherever its projects are.
| Originally posted by : Dhirajlal Rambhia | ||
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Separate registration in each state, wherever its projects are. |  |
Thanks Sir for quick response.
Whether Building Contractors/Sub-Contractors who constructs buildings for others require Registration as Promoter under RERA Act ?
Read more at: https://www.caclubindia.com/forum/rera-registration-for-contractors-423393.asp
Though explanation under act for 'PROMOTOR'.....
"— where the person who constructs or converts a building into apartments or develops a plot for sale and the persons who sells apartments or plots are different persons, both of them shall be deemed to be the promoters and shall be jointly liable as such for the functions and responsibilities specified, under this Act or the rules and regulations made there under...."
include all such persons (in future)........ but presently only a project developed by a developer and a real estate agent is mandatorily required to register with authority..
| Originally posted by : Dhirajlal Rambhia | ||
|
Though explanation under act for 'PROMOTOR'..... "— where the person who constructs or converts a building into apartments or develops a plot for sale and the persons who sells apartments or plots are different persons, both of them shall be deemed to be the promoters and shall be jointly liable as such for the functions and responsibilities specified, under this Act or the rules and regulations made there under...." include all such persons (in future)........ but presently only a project developed by a developer and a real estate agent is mandatorily required to register with authority.. |
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Yes Sir. Because of this explanation only I got the doubt.
Anyway thanks a lot.
CAclubindia
