The regulatory compliance in Real Estate Sector is expected to scale up with the introduction of Real Estate (Regulation and Development) Act 2016 (RERA). RERA intends to bring transparency and accountability in the sector. Besides mandatory registration for Real Estate Projects and Real Estate Agents/Intermediaries, a host of disclosures are required to be made by the Promoters of such Real Estate Projects. There are significant penalties proposed for non-compliances. The penalties of non-compliances are hefty and it can lead to many litigations as the stakeholders are bestowed with a host of rights with fast track mechanism for redressal of grievances.
Anant BDC’s core management team has several years of experience in dealing with Regulations & Compliances management for the Real Estate industry and offers the following Advisory & Compliance management services under RERA for the Real Estate Sector.
Preliminary diagnostic checks to ascertain readiness of a project for registration under RERA.
Preparation and guidance for estimation of the budgeted cost of the project
Cash flow and Profitability projections
Registration of the Project under RERA
RERA Compliance Management covering all aspects of compliances under RERA till the project completion.
Complaints/Inquiries/Inspections/Disputes etc. This covers a wide range of advisory, handholding and legal support for enabling Promoters & Developers in dealing with Authority /Tribunal/Allottees etc.