(1) The Authority shall ensure that the following information, as applicable, shall be made available on its website in respect of each project registered under the Act, namely:- A. Details of the promoter including the following, namely :-
(i) Promoter or group Profile,-
(a) a brief detail of his enterprise including its name, registered address, type of enterprise (proprietorship, limited liability partnership, society, partnership, company, competent authority) and the particulars of registration. In case of a newly incorporated or registered entity, brief details of the parent entity including its name, registered address, type of enterprise (proprietorship, society, limited liability partnership, partnership, company, competent authority);
(b) background of promoter,- work experience of the promoter and in case of a newly incorporated or registered entity, work experience of the Chairman, Director, Partners, as the case may be, and that of the authorized persons of the parent entity ;and
(c) name , address, contact details and photograph of the PUNJAB GOVT. GAZ. (EXTRA), JUNE 8, 2017 (JYST 18, 1939 SAKA) 88 Section 9 and 84 (2)(c) Section 10(b) and 84 (2)(c) Section 10(e) and 84 (2)(f) Section 34(b) and 84 (2)(p) anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight promoter in case of an individual and the name, address, contact details and photograph of the Chairman, Directors, Partners, as the case may be, and that of the authorized persons;
(ii) track record of the promoter,-
(a) number of years of experience of the promoter or parent entity, as the case may be, in real estate development in the State of Punjab;
(b) number of years of experience of the promoter or parent entity, as the case may be, in real estate development in other States or Union Territories;
(c) number of completed projects and area constructed till date in the past five years, including the status of the projects, delay in its completion, details of type of land and payments pending;
(d) number of ongoing projects and proposed area to be constructed; and
(e) details and profile of ongoing and completed projects for the last five years as provided under clause (b) of sub-section (2) of Section 4;
(iii) litigations,- details of litigations in relation to the real estate projects being registered with the Authority;
(iv) website,-
(a) web link to the promoter or parent entity, as the case may be;
and
(b) web link to the project website.
B. Details of the real estate project including the following,- namely:-
(i) advertisement and prospectus issued with regards to the project;
(ii) compliance and registration,
(a) authenticated copy of the approvals and commencement certificate from the competent authority as provided under clause (c) of sub section (2) of Section 4;
(b) the sanctioned plan, layout plan and specifications of the project or the phase thereof, and the whole project as PUNJAB GOVT. GAZ. (EXTRA), JUNE 8, 2017 (JYST 18, 1939 SAKA) 89 anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight sanctioned by the competent authority as provided under clause (d) of sub section (2) of Section 4; and
(c) details of the registration granted by the Authority;
(iii) apartment, plot and garage/ covered car parking in stilt and basement related details,-
(a) details of the number, type and carpet area of apartments for sale in the project along-with the area of the exclusive balcony or verandah areas and the exclusive open terrace areas with the apartment, if any, or details of the number, type and area of plots for sale in the project or both, as the case may be;
(b) details of the number and areas of garage/ covered car parking in stilt and basement for sale in the project; and
(c) details of the number of open parking areas and covered parking areas available in the project;
(iv) real estate agents registered under the Act;
Names and addresses of real estate agents for the project;
(v) consultants,- details, including name and addresses of contractors, architect and structural engineers and other persons concerned with the development of the project such as,-
(a) name and address of the person;
(b) names of promoters;
(c) year of establishment; and
(d) names and profile of key projects completed;
(vi) location,- the details of the location of the project, with clear demarcation of land dedicated for the project along with its boundaries including the latitude and longitude of the end points of the project;
(vii) development Plan,-
(a) the plan of development works to be executed in the proposed real estate project and the proposed facilities to be provided thereof including fire fighting facilities, drinking water facilities, emergency evacuation services, use of renewable energy etc.;
(b) amenities:- a detailed note explaining the salient features of the proposed project including access to the project, design PUNJAB GOVT. GAZ. (EXTRA), JUNE 8, 2017 (JYST 18, 1939 SAKA) 90 anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight for electric supply including street lighting, water supply arrangements and site for disposal and treatment of storm and sullage water, any other facilities and amenities or public health services proposed to be provided in the project;
(c) Project schedule:- the plan of development works to be executed in the project and the details of the proposed facilities to be provided thereof and the timelines to achieve the same; and
(d) The detailed specification of design of apartment and material to be used.
(e) The stage wise time schedule of completion of the real estate project, including the provision for civic infrastructure like water, sanitation and electricity etc C. Financial details of the promoter,-
(i) authenticated copy of the PAN card of the promoter; and
(ii) the annual report including audited profit and loss account, balance sheet, cash flow statement, Director’s report and the auditor’s report of the promoter for the immediately preceding three financial years and where annual report is not available, the audited profit and loss account, balance sheet, cash flow statement and the auditor’s report of the promoter for the immediately preceding three financial years and in case of newly incorporated or registered entity such information shall be disclosed for the parent entity.
D. The promoter shall upload the following updates on the webpage for the project, within fifteen days from the expiry of each quarter, namely :-
(i) list of number and types of apartments or plots booked;
(ii) list of number of garages/ covered car parking in stilt and basement for sale and booked;
(iii) status of the project,-
(a) status of construction of each building with photographs;
(b) status of construction of each floor with photographs; and
(c) status of construction of internal infrastructure and common areas with photographs;
(iv) Status of approvals,-
(a) approval received;
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(b) approvals applied and expected date of receipt;
(c) approvals to be applied and date planned for application;
(d) modifications, amendment or revisions, if any, issued by the competent authority with regard to any sanctioned plan, layout plan, specification, license, permit or approval for the project.
E. Details of approvals, permissions, clearances, legal documents,-
(i) approvals,-
(a) authenticated copy of the license or land use permission, building sanction plan and the commencement certificate from the competent authority obtained in accordance with the laws applicable for the project, and where the project is proposed to be developed in phases, an authenticated copy of the license or land use permission, building sanction plan and the commencement certificate for each of such phases;
(b) authenticated copy of the site plan or site map showing the location of the project land along with names of revenue estates, khasra/khautni numbers and area of each parcel of the project land;
(c) authenticated copy of the layout plan of the real estate project or the phase thereof, and also the layout plan of the whole real estate project as sanctioned by the competent authority and other specifications of the real estate project ;
(d) floor plans for each tower and block including clubhouse, amenities and common areas;
(e) any other permission, approval, or license that may be required under applicable law; and
(f) authenticated copy of occupancy certificate and completion certificate including its application;
(ii) legal documents,-
(a) details including the Performa of the application form, allotment letter, agreement for sale and the conveyance deed;
(b) authenticated copy of the legal title deed reflecting the title of the promoter to the land on which development of project is proposed along with legally valid documents with authentication of such title, if such land is owned by another person;
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(c) land title search report from an advocate having experience of at least ten years;
(d) details of encumbrances on the land on which development of project is proposed including details of any rights, title, interest and name of any party in or over such land or non encumbrance certificate through an advocate having experience of atleast ten years from the revenue authority not below the rank of Tehsildar, as the case may be;
(e) where the promoter is not the owner of the land on which development is proposed, details of the consent of the owner of the land along with a copy of the collaboration agreement, development agreement, joint development agreement or any other agreement, as the case may be, entered into between the promoter and such owner and copies of title and other documents reflecting the title of such owner on the land proposed to be developed;
(f) details of mortgage or charge, if any, created on the land and the project.
F. contact details,- contact address, contact numbers and email-ids of the promoter, authorized person and other officials handling the project.
(2) The Authority shall ensure that the following information is made available on its website in respect of each real estate agent registered with it or whose application for registration has been rejected or revoked, namely:- A. For real estate agents registered with the Authority:-
(i) registration number and the period of validity of the registration of the real estate agent with the Authority;
(ii) brief details of his enterprise including its name, registered address, type of enterprise (proprietorship, society, partnership, company etc.);
(iii) particulars of registration including the bye-laws, memorandum of association, articles of association etc., as the case may be;
(iv) photograph of the real estate agent if he is an individual and the photograph(s) of the partners, directors etc. in case of other persons;
(v) authenticated copy of the PAN card(s);
(vi) authenticated copy of the address proof of the place of business PUNJAB GOVT. GAZ. (EXTRA), JUNE 8, 2017 (JYST 18, 1939 SAKA) 93 anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight anurags163 Highlight and the contact address, contact numbers and email-ids of the real estate agent and other officials responsible.
B. In case of applicants whose application for registration as a real estate agent have been rejected or real estate agents whose registration has been revoked by the Authority:-
(i) registration number and the period of validity of the registration of the real estate agent with the Authority;
(ii) brief details of his enterprise including its name, registered address, type of enterprise (proprietorship, society, partnership, company etc.);
(iii) photograph of the real estate agent if he is an individual and the photograph(s) of the partners, directors etc. in case of other persons.
C. Such other documents or information as may be specified by the Act or the rules and regulations made there under.
(3) The Authority shall maintain a back-up, in digital form, of the contents of its website in terms of this rule, and ensure that such back-up is updated on the last day of each month.
CHAPTER V INTEREST PAYABLE BY PROMOTER AND ALLOTTEE AND TIMELINES FOR REFUND