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Apply For RERA Registration In Delhi Online

The real estate sector is booming each day in India. It is fulfilling the needs of many people by providing buyers with a property to buy, sellers with a buyer to sell their properties to, and a commission to the real estate agent for bringing the buyers and sellers to each other. New real estate promoters and real estate developers are registering themselves for the RERA registration process every day. Now, the real estate market is the most competitive, and the RERA registration in Delhi process has become more challenging than before. To make the Delhi Rera Registration process smooth and easy for you, get in touch with Legal Infinix.

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Why Is RERA Registration In Delhi Important?

The government of India introduced the RERA (Real Estate Regulatory Authority), which is governed by the Real Estate (Regulation and Development) Act, 2016. This was introduced to regulate the real estate industry in the country. In order to protect the rights of the consumers, especially because of the increased cases of real estate fraud. The government, therefore, introduced the law, which only permits RERA agents who are registered or certified to operate in the real estate market, resulting in a reduced number of fraud cases that take place in the real estate market. A person will face legal actions if they are found running a business that involves the buying and selling of real estate properties without being registered under the RERA Delhi registration. RERA registration Delhi has become a necessity for every builder and developer who wants to sell their residential and commercial properties in Delhi. According to the Real Estate Act of 2016, it has been asserted that without Delhi RERA agent registration, no project may be scheduled or sold out. Anyone violating this law may be sentenced to a maximum of three years' imprisonment or may be fined up to 10% of the total cost of the project.

Get help from Legal Infinix to apply for Delhi RERA agent registration.

Benefits Of RERA Registration In Delhi

Both consumers and agents get benefits from Delhi Rera Registration. The following are the advantages that a real estate broker gets from RERA Delhi registration:
  • Improved reputation: The reputation of the agent and the trust of the developers with the customers can be improved with the RERA registration number.
  • Legal Compliance: This will allow the agent to ensure that he is complying with the law by being compliant with the national and state laws, thus avoiding legal issues.
  • Market Discipline: RERA registration will lead to a disciplined market environment.
  • Improved marketability: Due to the high demand from customers, the registration will lead to a larger market share.
  • Resolution of Disputes: The agent will be able to resolve any disputes with the customers through the RERA authority.

Documents Required For RERA Registration In Delhi

Documents list of Delhi RERA agent registration, company registration, and individual RERA Delhi registration have some differences. This is the list of basic documents you will require for each Delhi RERA registration.

Personal Information:

  • PAN Card of the agent (or partners/directors).
  • Aadhar Card of the agent (or partners/directors).
  • Passport-size photographs of the agent (or partners/directors).

Business Information:

  • Proof of business address (e.g., rent agreement).
  • Details of the firm (include name and registered address).
  • In the case of a company or partnership, registration proof (e.g., Certificate of Incorporation or Partnership Deed) is required.

Financial Information:

  • Income Tax Returns (ITR) for the last 3 financial years.

Eligibility Criteria For RERA Registration In Delhi

Any people, business, or partnership firms that work as brokers for the sale and purchase of properties in a registered real estate project have to register themselves with the respective state authority.
  • Real Estate developers: Those promoters who initiate any new project, either residential or commercial, must get the project registered before advertising and selling its units.
  • Real estate agents: Any agent involved in the sale, purchase, or booking of the registered projects must undergo RERA Delhi registration.
  • Ongoing projects: Projects that were incomplete at the time of the registration of the RERA Act also need to be registered under RERA.

Steps To Apply for RERA Registration In Delhi for Agent

The RERA registration in Delhi can be done simply by following these steps:

Visit the Official Website: Go to the official Delhi RERA portal.
Navigate to Registration: click on the online Registration link on the homepage.
Select Agent Registration: select the Register as agent.
Create an Account: Choose the applicant type accordingly, as an individual or other than an individual, and fill in the asked details to create a new account.
Fill Application and Upload Documents: Once you have created your account, you will be able to log in to fill out a detailed application form and upload the required documents.
Fees Payment: The registration fee, as applicable, should be paid through the online portal.
Verification & Approval: The application and documents would be verified and approved by the RERA authority.
Receipt of Certificate: The registration would be granted by the authority, and you would be issued the registration number on the RERA certificate after the verification of the application.

Delhi RERA Registration Fees

This is the expected figure of RERA registration Fees In Delhi:
Type Fees
Individual Rs. 10,000
Other than individual Rs. 50,000

Delhi RERA Agent Registration Renewal

The validity period of an RERA agent registration is only for 5 years from the issuance date. You need to renew the RERA licence every time after the duration of 5 years, by submitting a renewal application 60 days before the expiry date. If you failed to renew the RERA agent registration and are found running business activities without it, then you will face legal actions such as penalties, court cases, and, in some cases, imprisonment.

Steps For Delhi RERA Agent Renewal

  • Log in to the RERA Portal: Visit the official RERA portal.
  • Fill Renewal Application Form: Fill in the online renewal application form.
  • Upload Required Documents: Submit all the necessary documents, including proof of active business operations and a copy of the previous RERA certificate.
  • Pay Renewal Fee: Pay the prescribed renewal charges online.
  • Submit Application: Review all details for accuracy and submit the application.
  • Receive Renewal Certificate: The renewed certificate will be issued after approval from the RERA Delhi authority. You can later download it from the portal or receive it via email.

Fee Charges For RERA Agent Registration Renewal In Delhi

This is the expected figure of RERA registration Fees In Delhi:
Type Fees
Individual Rs. 1,000 - 5,000
Other than individual Rs. 2,000 - 10,000

Timelines

According to the RERA Act, the authority usually provides the RERA certificate within a period of thirty days from the date of application. However, it is important to note that this is just a timeline, and the certificate may be issued before the timeline, or there will be delays due to the submission of incorrect documents or information. The registration will be valid for a period of five years.

Penalties

Consequences of non-compliance with the RERA regulation can lead to significant penalties for agents:
  • If an agent provides false information or misrepresents project information to a buyer, they can be charged penalties of up to ₹10,000 for each day the default continues.
  • Ultimately, they could be charged up to a maximum of 5% of the value of the total cost of the property or project.
  • If an agent does not comply with the orders of the Appellate Tribunal, penalties may be charged as high as 10% of the project cost or imprisonment for up to three years.

Why Choose Us?

For real estate agents, Legal Infinix offers RERA licence registration services. Our knowledgeable advisors can help you with the paperwork and application processing in addition to providing you with all the support you require to get your RERA registration. Contact us immediately to obtain your RERA agent licence as soon as possible.

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RERA Registration in Delhi (FAQs)