REP-III
Q: What is Form ‘REP-III’?
A: Form ‘REP-III’ is the Registration Certificate granted to a real estate project under section 5 of the Haryana Real Estate (Regulation and Development) Act, 2016. It officially registers the project with the Real Estate Authority.
Q: What details must be specified in Form ‘REP-III’?
A: The certificate must specify:
- 1. The project registration number.
- 2. Full details of the project, including its address.
- 3. In case of an individual: Name, father's name, and location details.
- 4. In case of a firm, society, company, or competent authority: Name and registered office address.
Q: What conditions are attached to the registration‘REP-III’?
A: The registration is granted subject to several conditions, including:
- 1. Entering into an agreement for sale with allottees as per government guidelines.
- 2. Offering to execute and register a conveyance deed for the unit, apartment, plot, or building.
- 3. Conveying or allowing usage of common areas as per HRERA Rules.
- 4. Depositing seventy percent of the amounts realized in a separate account for construction and land costs.
- 5. Registration validity for a specified period unless extended.
- 6. Compliance with applicable Acts, rules, and regulations.
- 7. Not contravening any other applicable laws.
- 8. Complying with all other terms and conditions as conveyed by the Authority.
Q: What is the validity period of the registration‘REP-III’?
A: The registration is valid for a specified period starting from a given date and ending on another date. The exact duration is mentioned in the certificate and may be extended by the Authority as needed.
Q: What actions can the Authority take if the conditions are not fulfilled‘REP-III’?
A: If the promoter fails to meet the conditions, the Authority may take necessary actions, including revoking the registration granted, in accordance with the Act and applicable rules and regulations.
Q: Who signs Form ‘REP-III’?
A: Form ‘REP-III’ is signed and sealed by an authorized officer of the Real Estate Authority.
Q: What information should be included in the “Dated” and “Place” sections?
A: The “Dated” section should include the date on which the registration certificate is issued, and the “Place” section should specify the location where the certificate is issued.
You can also learn about :
Haryana RERA Form
You can also learn about :
REP-VI