RERA abbreviates for Real Estate Regulatory Authority, which is an act of the Parliament of India endeavoring to ensure the protection of property buyers and dealers while boosting real estate investments. It was established to enhance accountability and transparency with respect to housing transactions and real estate and commitment would recuperate the lost certainty of individuals in the land business. Through Real Estate Act, 2016, the authority has been established in each state for the rule of the land region and moreover went probably as a refereeing body for quick inquiry redressal.
It also ensured that the agents and the developer have equal responsibility and accountability. Therefore, through RERA enrollment for agents and builders, the regulation prescribes certain compliances to moderate the transactions and achieve fair practice in dealing with properties.
The official portal of RERA Delhi (https://rera.delhi.gov.in) was launched on June 24, 2019, by Lt Governor Anil Baijal. In November 2018, Delhi got a full-time real estate regulator under the RERA, with Lt Governor Anil Baijal appointing retired IAS officer Vijay S Madan to the post.
With RERA Delhi all the prospective property buyers of Delhi can visit the portal and find all the information about the property they want to purchase. The RERA registration of agents and builders is a mandatory procedure, which can be done by visiting its official site.
RERA Agents Registration
A Real Estate Agent in the heart of the industry. He is one who works on behalf of someone else in matters related to real estate transactions and profited from the expansion of service. As per the Delhi RERA rules (rule 8), every real estate agent in Delhi needs to get his/her agency registered with the Regulatory Authority of Delhi. The agent is required to fill out Form G in writing or online to become a registered real estate agent and enjoy the facilities it entails. The term agent includes an individual and an agent other than that individual which can be a company or proprietorship firm.
Process of Delhi Rera Registration
Visit RERA Delhi’s official website
Click the “Register as an agent” link on the web home page” link highlighted in red.
You will be presented with an agent registration page.
Read the following instructions and enter all the details. Fill out the form and attach the required documents.
Now submit the required fees to register successfully.
Finally, make a declaration of the truthfulness of the application and submit the form.
Documents required for Delhi Rera Registration
A real estate agent requires a number of documents while registering with the Real Estate Regulatory Authority of Delhi. Here is a list of documents the agent must keep in hand while making a registration:
Enterprise Detail: Before registering with the real estate regulatory authority of Delhi, the real estate agent requires the details of the enterprise that he/she wants to get registered under RERA. The details include the business name and registered address belonging to Delhi. They also require the detail of the nature and type of enterprise whether it is a society, partnership, proprietorship, company, etc.
Registration Particulars: The real estate agents in Delhi also require the particulars of registration like the memorandum of association, by-laws, articles of association, etc., depending on the nature of the enterprise like society, company, and proprietorship, partnership, etc.
Individual/Partner Details: Next, the real estate agents require the documents comprising the details regarding their name, address, photographs, contact details, etc. In case the agency has other partners or directors, the same details of the partner/director are also required.
PAN Card: The real estate agents need to produce an authenticated copy of their PAN Card as well as their partner’s PAN Cards (as the case may be).
Business Address Proof: The real estate agent needs to submit the address proof of the business. As the real estate agents are registering under the Delhi regulatory authority, it is mandatory that their business location should be in Delhi National Capital Region.
RERA Builders Registration
A person who constructs or causes the construction of an independent building, or residential apartments, commercial complex, etc, for purpose of selling, is known as a builder or developer under RERA Act, 2016. As per Delhi RERA rules, a builder needs to get himself registered as a promoter or under the name of a company on the official website.
Process of Delhi Rera Registration
The applicant must visit the official Delhi RERA website
Go for the online registration option and select ‘register as promoter/ project’.
Fill out all the details asked as per following the instruction and attach the requisite documents.
Lastly, submit the fees and make the declaration required.
Finally submit the form.
Documents required for Delhi Rera Registration
Individual name
PAN card
Fathers name
Occupation
Residential proof
Income Tax details
Audited Balance sheet
Promoters official website
Income Tax Return
Previous project experience
Passport size photographs
Email ID of builder
The Validity of RERA Registration
The approved registration will be valid for a period, specified by the promoter for the completion of a real estate project. Also, it will be valid for the period specified to complete a particular project, as mentioned in the affidavit following the application form.
The approved registration will be valid all over the state regardless of the fact in which district the registration is made in one district and whether the registered office is in some other district. The only thing mandatory is that both districts shall come under the same state jurisdiction.
eStartIndia is a professional tech-based online and legal service that helps clients to simplify the procedures of filing the Rera Registration for builders and Agents.
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