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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.
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 -
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:
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:
The fees structure of RERA Andaman is as follows:
|
For Type of Projects |
Charges |
|
Group-housing projects |
₹ 5 per sq. metre if the land area is within 1000 s.q.m ₹ 10 per sq. metre if the land area is more than 1000 s.q.m |
|
Commercial projects |
₹ 20 per sq. metre if the land area is within 1000 s.q.m ₹ 25 per sq. metre if the land area is more than 1000 s.q.m |
|
Mixed-development projects |
₹ 10 per sq. metre if the land area is within 1000 s.q.m ₹ 15 per sq. metre if the land area is more than 1000 s.q.m |
|
Plotted-development project |
₹ 5 per sq. metre (not exceeding ₹ 200000) |
Registration Charges Required for Real Estate Agents
|
For Real Estate Agents |
Charges |
|
Individual |
₹ 10,000 |
|
Other than individual |
₹ 50,000 |
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:
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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