Real Estate Regulatory Authority (RERA) Services

The Real Estate (Regulation and Development) Act (RERA) is a landmark reform in India that significantly impacts how real estate businesses operate. At BNPS, we provide end-to-end RERA compliance services to help developers and promoters navigate the complexities of this regulation, ensuring a smooth transition and complete adherence to all legal requirements. We are here to help you with structuring, smooth registration and complete compliance of your RERA registered project.

Nature of Assignments:

• RERA Project Registration: We assist with the complete process of RERA registration, including the preparation and submission of online applications and liaison with the RERA office.
• Document Verification: Our services include the verification of all legal documents, land titles, and technical plans to ensure they meet RERA requirements.
• Financial and Technical Document Preparation: We help in the preparation of key documents such as Forms 1, 2, and 3, which are crucial for the registration and ongoing compliance of your project.
• Advisory on RERA Regulations: We provide expert advice on various RERA provisions, including procedures for booking, documentation, and the refund and cancellation process.
• Quarterly and Annual Filings: Our team assists in the preparation and submission of RERA quarterly returns (Form 8) and annual filings (Form 5).
• Bank Withdrawal Application (BWA): We assist with the compilation of data and certification of forms required for bank withdrawals from the RERA-mandated project account.
• Changes and Extensions: We handle the submission of applications to the RERA authority for any changes in project plans, extensions, or modifications related to the project.
• Non-Compliance Proceedings: In cases of non-compliance, we provide representation and assistance in appearances before the RERA Authority.
• Project Completion and Handover: We assist with the final stages of a project, including drafting society handover agreements and filing the necessary documents for project completion.
•  * Litigation Support under Section 31: We offer litigation support for any complaints filed under Section 31 of the RERA Act. This includes representation for disputes with allottees, promoters, co-promoters, or associations of allottees.

Why BNPS for RERA Compliance:

• Expertise in Real Estate Regulations: Our team of professionals has deep knowledge and experience in RERA, ensuring accurate and timely compliance.
• Comprehensive Service Offerings: We provide a full spectrum of services, from initial registration to post-completion filings and litigation support, acting as a single point of contact for all your RERA needs.
• Proactive Approach: We proactively identify potential issues and provide solutions, minimizing the risk of non-compliance and departmental queries.
• Strategic Guidance: Our advisory services help you structure your business operations and marketing collateral to align with RERA guidelines, building trust with your customers.

Our Approach:

• Phase 1: Structuring & Planning: We begin by providing consultation on the structuring of the project with respect to compliances. We evaluate the applicability, business structure, and accounting complexities.
• Phase 2: Registration: We work on the online application for project registration, including the physical submission of documents and liaising at the RERA office. We prepare Forms 1, 2, and 3 and resolve any queries raised by the department.
• Phase 3: Ongoing Compliance: Once registered, we provide continuous support for all quarterly and annual filings, including the preparation of RERA Quarterly Returns and Form 5. This phase also includes assistance with Bank Withdrawal Applications and any necessary changes in plans, extensions, or encumbrances.
• Phase 4: Advisory & Monitoring: Our team remains available to provide expert advice on any RERA-related matters. We also address any non-compliance issues by making appearances before the RERA Authority.
• Phase 5: Project Closure: As your project nears completion, we assist with all final documentation, including drafting the handover agreement for society handover and filing the necessary Q-E forms to ensure a smooth closure with the RERA authority.