On March 26, 2016, the Ministry of Housing and Urban Poverty Alleviation announced the rules for the Real Estate Regulatory Authority (RERA) of Delhi. As per the rules of RERA, all real estate developers and agents had to register themselves and their projects for increased transparency.
The main objective of setting up RERA in Delhi was to protect buyers’ interests and enhance professionalism in the real estate sector of the nation’s capital. The following sections will explore what changes RERA Delhi bought along with details about the registration process.
The Indian Government passed the Real Estate (Regulation and Development) Act 2016 on March 26, 2016, and its effects came into force from May 1, 2017. The RERA Act was made to protect the interests of homebuyers and boost the growth of the real estate sector.
It made it mandatory for real estate developers to register their projects before they could promote them. Likewise, real estate agents had to register themselves under RERA. The main objective of this was to bring more accountability and transparency to the country’s real estate sector.
On November 26 2016, the Ministry of Urban Development announced the general rules for the National Capital Territory of Delhi RERA Act. These gave a detailed account of the composition of RERA, the registration process for real estate projects and agents and publication of relevant information.
The Delhi RERA website makes it easy for builders and real estate developers to register themselves and their projects. Furthermore, the website displays rules about the RERA Delhi and a list of Suo Moto cases, registration cases, etc.
Buyers looking for new homes can find important information on RERA’s website. To check such information, they will need to register by following these steps:
Visit RERA Delhi official website and click on “Online Registration” on the menu bar. Select “Register as Buyer” from the dropdown menu.
You will be redirected to a page wherein you have to select the Buyer Type – individual or other than individual. Fill in all the details that are mandatory.
Once done, click on “Create New Account” to complete the registration process.
Real estate agents in Delhi can register themselves under RERA by following the given steps:
Real estate promoters/developers can register their properties through the official website of RERA Delhi. To register, follow these steps:
Follow these steps to check Registered RERA Delhi real estate agents:
Here’s how you can file RERA Delhi complaints online:
The following documents are required for RERA registration in Delhi:
Before the introduction of RERA in 2016, homebuyers had to undergo transactions heavily in favour of promoters and developers. RERA has introduced professionalism, accountability and transparency into the national capital’s real estate sector. Now, people can visit the official web portal of RERA Delhi to check out all relevant information needed to make an informed decision.
Ans. Before RERA, many property buyers complained about lack of transparency in real estate transactions. Thus, the Government introduced RERA to create a more equitable system that would not be heavily lopsided towards sellers and promoters. It introduced India’s first regulator in the real estate industry, making the process of buying properties much simpler.
Ans. RERA defined carpet area as the net usable space of an apartment and included all areas covered by its internal partition walls. The carpet area excludes areas covered by service shafts, external walls, balconies, veranda and open terrace. As per RERA guidelines, builders have to disclose the size of their apartments based on this carpet area.
Ans. The following projects are covered by RERA:
a) Projects over 500 square meters or 8 units in area
b) Commercial and residential properties
c) Projects which do not have a completion certificate
d) Any project that involves re-allotment, new allotment, advertising or marketing
Ans. You need to follow these steps to file a complaint on the RERA Delhi website:
Step 1: Register on the website by providing details like your name, father’s name and contact information.
Step 2: Navigate to ‘Online Complaints’ on the homepage and click on ‘Complaint to Authority’.
Step 3: Click to approve the given prompt and log in using your registered email ID and password.
Ans. The following is the list of applicable fees under Delhi RERA:
a) For registration of individual agents: Rs. 10,000
b) Registration of non-individual agents: Rs. 50,000
c) Commercial projects: Up to Rs. 10 lakh
d) Mixed projects (residential+commercial): Up to Rs. 7 lakh
e) Group housing projects: Up to Rs. 5 lakh
f) Plotted developments: Up to Rs. 2 lakh
Are you looking to buy that house you’ve been eyeing 🏠 and you need a loan of up to ₹5 crore. Install the Navi app now and get instant in-principle approval right away! Interest rates starting at 8.60% p.a.
Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
|Home Loan Interest Rate||Home Loan EMI Calculator||Home Loan Tax Benefits|
|Home Loan Prepayment Calculator||Minimum CIBIL Score For Home Loan||How to Apply for Home Loan|
|Home Loan Prepayment||NBFC Home Loans In India||Home Loan Stamp Duty|
|Home Loan Balance Transfer||Home Loan Types||Home Loan Process|
|NRI Home Loan||Home Loan Insurance||Benefits of Joint Home Loan|
|Documents Required For Home Loan||Top Banks And NBFCs for Home Loans||Home Loan For Women|
|Home Construction Loans||Home Loan Sanction Letter||Loan Against Property Interest Rates|
BBMP Property Tax – How to Calculate, Check Status and Pay Tax?The Karnataka State Government imposes this tax on the residents of the State who own properties in... Read More »
Union Bank of India Home Loan Interest Rate April 2023Union Bank of India offers up to 90% of the property value as home loan. Union Bank home loan inter... Read More »
Hartalika Teej in India 2023 – Muhurat and Rituals (18th Sept)Hartalika Teej is an auspicious festival for Hindu women. The day is mainly dedicated to Goddess Pa... Read More »
Stamp Duty in Thane 2023 – Property Registration ChargesIn India, every State government levies a stamp duty on property transfers. The location, type of p... Read More »
Stamp Duty in Karnataka 2023 – Property Registration ChargesIf you have recently purchased a property in Karnataka, you are liable to pay stamp duty in Karnata... Read More »
Stamp Duty and Property Registration Charges in TelanganaThe state government in India is in charge of defining rules and standards and managing the collect... Read More »
Stamp Duty and Property Registration Charges in PuneStamp duty and registration charges need to be paid to the state government to register your proper... Read More »