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    RERA Act in Andaman & Nicobar: Overview, Rules, and Registration Process

    rera andaman
    (Source: nobroke)

    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.

    What Is the RERA Act in Andaman & Nicobar?

    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.

    What Are the Rules of RERA in Andaman & Nicobar?

    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

    What Is the Registration Process of RERA Act in Andaman & Nicobar for a Project?

    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

    Documents Required for Registration of a Project under the RERA Act in Andaman & Nicobar

    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

    What Is the Registration Process of RERA Act in Andaman & Nicobar for a Project Agent?

    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

    Documents Required for Registration of a Project Agent under the RERA Act in Andaman & Nicobar

    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

    What Are the Registration Charges of RERA in Andaman & Nicobar?

    The fees structure of RERA Andaman is as follows:

    • Registration Charges Required for Real Estate Projects

    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

    How to Search Registered Projects under RERA in Andaman & Nicobar Online?

    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

    How to Search Registered Agents under RERA in Andaman & Nicobar Online?

    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

    How to Access the List of Rejected Projects under RERA in Andaman & Nicobar Online?

    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

    How to Raise a Complaint under RERA in Andaman & Nicobar Online?

    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

    What Are the Benefits of RERA in Andaman & Nicobar?

    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.

    The RERA act in Andaman & Nicobar is a great initiative to strengthen the real estate sector of this union territory. As a result, people are becoming interested in investing here and buying properties. Further, the official portal of RERA Tamil Nadu is helpful enough to navigate you to the important provisions of RERA Andaman.

    FAQs About RERA act in Andaman & Nicobar

    What is the complaint charge under RERA act in Andaman & Nicobar?

    The complaint charge under RERA act in Andaman & Nicobar is ₹ 1000.

    The complaint charge under RERA act in Andaman & Nicobar is ₹ 1000.

    When was the RERA act in Andaman & Nicobar launched?

    RERA Andaman was launched in May 2017.

    RERA Andaman was launched in May 2017.

    What is the cost of individual registration in the RERA act in Andaman & Nicobar?

    For individual registration, you need to pay ₹ 10,000.

    For individual registration, you need to pay ₹ 10,000.

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    Other Important Articles about Property Insurance

    What is RERA

    RERA Act in Delhi

    RERA Act in Chandigarh

    RERA Act in Andaman and Nicobar Islands

    RERA Act in Karnataka

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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.

    1. Digit Insurance
    2. Property Insurance
    3. RERA
    4. RERA act in Andaman & Nicobar

    Last updated: 2023-05-30

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