RERA Registration In Delhi: Process To Register Project & Agent

Delhi, the national capital of India, has already founded RERA (Real Estate Regulatory Authority), a body to govern and administer the real estate industry of the city. The same was done in accordance with the provisions of the Real Estate (Regulations and Development) Act 2016. Therefore, it is mandatory for every promoter and agent operating to obtain RERA Registration in Delhi.

In this blog, we will discuss the concept and process to obtain RERA Registration in Delhi by promoters and agent.

Objective Behind RERA Registration in Delhi

The objectives behind the concept of RERA Registration in Delhi are as follows:

1. To Infuse Transparency and Accountability;
2. To Ensure Fast and Speedy Redressal of Grievances;
3. To Inculcate Professionalism Among Promoters;
4. To Safeguard Buyer’s Right;
5. To Penalize Promoters for Delayed Possession;
6. To Regulate Overall Real Estate Sector;

Benefits of RERA Registration in Delhi

The benefits of RERA Registration in Delhi are as follows:

1. Ensures Timely Delivery of Possession;
2. Provides Accurate Project and Status Details;
3. Confirms that Promoter has Acquired all the Required Permits and Clearances;
4. Penalizes for Project Advertisement without RERA Registration in Delhi;
5.  Ensures that Earnest Money is not more than 10% of the Total Amount;

Who are all Eligible to Obtain RERA Registration in Delhi?

The ones who are eligible to obtain RERA Registration in Delhi are as follows:

1. All the projects that are made on land more than 500 sq. in area;
2. All the projects that are having more than 8 apartments;
3. If the promoter or builder has acquired project completion certificate after the commencement of Act;

Documents Required To Obtain RERA Registration in Delhi

The documents required to obtain RERA Registration in Delhi are as follows:

1. Passport Sized Photograph of the Promoter;
2. PAN Card and Aadhar Number;
3. Proof of Residence for Promoter;
4. Certificate of Registration as Real Estate Project Promoter;
5. Address Proof of the Registered Office;
6. Documents of the Projects launched in the last 5 years;
7. Previous Years ITRs and Cash Flow Statements;
8. Layout Plan;
9. Sanctioned Plan;
10. Development Plan;

Documents Required To Obtain RERA Registration for Agent

The documents required to obtain RERA Registration for Agents are as follows:

1. Latest Passport size Photograph;
2. PAN Card of the Agent;
3. Address Proof of the Registered Office;
4. Identity Proof of the Agent;
5. Application Form for Registration;
6. Registration Particulars, such as By-laws, MOA, and AOA;
7. Certificate of Registration;

Process to Obtain RERA Registration in Delhi for Project

The steps involved in the process to obtain RERA Registration in Delhi for Project are as follows:

Visit Official Portal

In the first step, the applicant or the promoter needs to visit the official RERA Delhi website^[1];

Click on Online Registration

Now, in the next step, the applicant requires to choose the fifth option from the menu bar named “Online Registration”.

After that out of the 3 options given, select “Register as Promoter or Project”.

Select the Type of Promoter

Now, after selecting the option register as promoter or project, the applicant will be redirected towards a new page, wherein he/ she requires to fill in the information, such as follows:

1. Promoter Type;
2. Name of the Applicant;
3. Email Address;
4. Mobile Number;

After that, click on the option “Create a New Account”. Thereafter, he/ she will receive an email regarding the password of the account.

Again Visit the Homepage

Now, the applicant needs to go back to the homepage of RERA Delhi and requires to choose the option “Login”.

Login to Account

In this step, the applicant requires to enter his/ her registered email id and password provided to log into his/ her RERA Account.

Furnish the Details and Information Asked

Now, in this step, the applicant requires to provide the details, such as follows:

1. General Details;
   1. Director’s Details;
   2. Personal Details;
   3. Contact Details;
   4. Residence Address;
2. Previous Project Details;
3. New Project Details;
4. General Details;
5. Project Apartment Inventory;
6. Project CA Details;
7. Project Architects Details;
8. Project Structural Engineer;
9. Associated Real Estate Agent;
10. Project Engineer Details;

Upload Required Documents

Now, the applicant requires to upload all the necessary documents as mentioned above.

Undertaking and Verification

Further, the applicant needs to tick on all the 3 boxes of the declaration, and after that requires to press the option “Send OTP”.

No enter the received OTP (One Time Password) in provided space and choose the option “Save and Preview” thereafter.

Preview Details

On this webpage, the applicant can view and preview all the details furnished before the final submission. After that, click on the option “Make Payment” to proceed further in the process of registration.

Make Fee Payment

Now, moving further, a reference number will be displayed on the screen, which the applicant requires to note for any future reference. Further, there are two modes of making payment, as follows:

1. Offline Mode;
2. Online Mode;

In offline mode, the applicant needs to make payment at the branch office of RERA Delhi and after that requires to fill in the details of acknowledgement in the application form.

In contrast, in the case of online payment, the said applicant needs to pay the fees by using either of the following methods:

1. Through SBI;
2. State Bank Debit Cards;
3. Other Bank’s Debit Card;
4. Credit Cards; or
5. UPI;

Also, Read: Major benefits to Invest in Registered RERA Projects

Process to Obtain RERA Registration in Delhi for Agent

The steps involved in the process to obtain RERA Registration in Delhi for Agent are as follows:

Visit the Official Portal

In the first step, the applicant or the agent needs to visit the official RERA Delhi website;

Click on Online Registration

Now, in the next step, the applicant requires to choose the fifth option from the menu bar named “Online Registration”.

After that out of the 3 options given, select “Register as Agent”.

Select the Type of Agent

Now, after selecting the option register as agent, the applicant will be redirected towards a new page, wherein he/ she requires to fill in the information, such as follows:

1. Agent Type;
2. Name of the Applicant;
3. Email Address;
4. Mobile Number;

After that, click on the option “Create a New Account”. Thereafter, he/ she will receive an email regarding the password of the account.

Again Visit the Website Homepage

Now, the applicant needs to go back to the homepage of RERA Delhi and requires to choose the option “Login”.

Login to Account

In this step, the applicant requires to enter his/her registered email id and password provided to log into his/ her RERA Account.

Furnish the Details Asked

Now, in this step, the applicant requires to provide the details asked in the application form.

Undertaking and Verification

Further, the applicant needs to tick on all the 3 boxes of the declaration, and after that requires to press the option “Send OTP”.

No enter the received OTP (One Time Password) in provided space and choose the option “Save and Preview” thereafter.

Preview the Application Form

On this webpage, the applicant can view and preview all the details furnished before the final submission. After that, click on the option “Make Payment” to proceed further in the process of registration.

Make the Payment of Prescribed Fee

Now, moving further, a reference number will be displayed on the screen, which the applicant requires to note for any future reference. Further, there are two modes of making payment, as follows:

• Offline Mode;
• Online Mode;

In offline mode, the applicant needs to make payment at the branch office of RERA Delhi and after that requires to fill in the details of acknowledgement in the application form.

In contrast, in the case of online payment, the said applicant needs to pay the fees by using either of the following methods:

• Through SBI;
• State Bank Debit Cards;
• Other Bank’s Debit Card;
• Credit Cards; or
• UPI;

Conclusion

In a nutshell, RERA in Delhi was enforced to regulate the real estate industry of the city. Further, the main objective behind the implementation of Delhi RERA Rules was to monitor, administer, and streamline the real estate industry, which has mostly beenun regulated and unorganised.

Also, these provisions and regulations aim to safeguard the interest and rights of both the investor/developer and buyers, in the case of delayed possession, fraud, pending payments, etc.

Additionally, it is compulsory and obligatory for all the real estate promoters/ developer and agents and to obtain RERA Registration in Delhi.

For any other query or complexity, visit Swarit Advisors, our RERA experts will guide and assist you with the process to obtain RERA Registration in Delhi, together with RERA Advisory.

Also, Read: What is the Compliance of RERA under State?