Andaman & Nicobar islands have recently seen a noteworthy change in the field of real estate. Although these islands are situated in the union territory, people are still interested in settling there as residents. Therefore, the real estate sector is also getting active there.

Hence, to manage the sector and ensure its growth, the RERA Act in Andaman & Nicobar came into action. Keep scrolling through the article to learn about the important aspects of this act.

RERA Andaman & Nicobar Islands is a beneficial act regulated by Tamil Nadu RERA to monitor the real estate sector of this union territory. Earlier, this region faced a lot of issues due to the lack of proper laws for the real estate market. However, after the introduction of this act in 2016, Andaman & Nicobar Islands also enforced RERA rules throughout the region.

Moreover, the rules of this act ensured that every builder, promoter, and agent registered themselves under this RERA. However, mainly the act is to secure the interests of homebuyers and ensure that they can get properties at a fair price.

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Andaman & Nicobar RERA rules apply to all ongoing and future real estate projects of this region. Rules that project agents and promoters should abide by are as follows -

• Builders should only charge for the carpet area, excluding the super-built area
• Builders can not charge more than 10% of the total cost as an advance payment from home buyers
• Grievances registered to Appellate Tribunal should be solved within 60 days of the lodging of the complaint
• Builders should deliver the property timely, or they should pay the penalty charges
• The renewal of registration will be valid for 5 years

The process of registering a project under RERA Andaman & Nicobar Islands is as follows:

Step 1: Visit the official site of TN RERA as the act is regulated by the authorities of Tamil Nadu.

Step 2: Click on the “Online Registration for Projects” tab

Step 3: From the drop-down menu, choose the Andaman option

Step 4: You will be redirected to the “Application for Registration of Projects by the Promoter” page

Step 5: Upload scanned copies of the required documents

Step 6: Select “Individual” for the promoters’ type

Step 7: Click on Next and get Form A

Step 8: Fill up the fields of promoters’ details, including financial information, previous project details, and other requested information

Step 9: Click on “Next” and enter project details in the next window

Step 10: Proceed to pay, and after successful payment, you will get a registration number. Save it for future reference

The documents you need to upload to the online portal for project registration are as follows:

• Aadhaar card
• PAN card
• Allotment letter proforma
• Passport-sized photograph of the Chairman of the governing body/director/partner
• Planning permit
• Patta or  PLR document
• Approval letter for planning permission
• Approval details of the plan with a seal of local body
• Encumbrance certificate
• Certificate for structural stability
• Development work plans
• Building licence letter
• Form B
• Audited balance sheet
• Proforma of Bank certificate

Follow this stepwise guide to register as a project agent under this act:

Step 1: Go to the official site for RERA Andaman

Step 2: Find the “Register as an Agent” option and click on it

Step 3: Register with name, email id, contact number, etc.

Step 4: Get the registration number after successfully completing the payment process

Necessary documents for registering as a project agent are as follows:

• Aadhaar card
• PAN card
• Allotment letter proforma
• Applicant’s photograph
• Planning permit
• Building licence letter
• Form B
• Audited balance sheet
• Proforma of Bank certificate
• Patta or PLR document
• Approval letter for planning permission
• Approval details of plan with a seal of local body
• Encumbrance certificate
• Certificate for structural stability
• Development work plans

The easy steps to search registered projects under this act are listed below:

Step 1: Visit the official site of TN RERA to get the information for RERA Andaman

Step 2: Navigate to the “Registration” tab

Step 3: Choose the “Projects” option

Step 4: From this section, select the “Registered Projects” tab

Step 5: Click on the Andaman tab

Step 6: Get access to the list of registered projects for Andaman & Nicobar Islands

To search for registered agents, one can follow these steps mentioned below:

Step 1: Go to the official site of TNRERA

Step 2: Find the “Registration” section on the home page

Step 3: Choose the “Registered Agents Online” option

Step 4: Select the Andaman option from the next tab

Step 5: Get access to the list of registered agents

Steps to check the rejected projects under RERA Andaman are as follows:

Step 1: Visit the official portal of TN RERA

Step 2: Hover to the “Registration” tab

Step 3: From the drop-down list, select “Projects”

Step 4: Select the “Rejected Projects” option

Step 5: Choose the “Andaman” option

Step 6: Check the list of rejected projects

To raise a complaint under this act, the steps you will need to follow are:

Step 1: Visit the official portal of RERA in Tamil Nadu

Step 2: Go to the “Downloads & Links” option

Step 3: Select the “Download” tab

Step 4: Find the “Complaint Registration” option and click on it

Step 5: Fill up form M

Step 6: Proceed to make payment

Step 7: Send 3 copies of each document physically to the registered authority

Following are the benefits of RERA Andaman:

• The act has brought transparency to the whole working process of the real estate sector.
• Home buyers can buy a property with fair pricing.
• The act standardised the price structure for properties.
• Successful enforcement of RERA Andaman has increased the investment in this field and also gained trust of the people.