In the last few decades, there has been a significant upswing in India's real estate market, with property investments providing higher returns, in many cases more than the equity markets. This growth can be attributed to both property buyers and real estate investors. After the Indian government enacted the Real Estate Regulation and Development Act (RERA) in March 2016, there was significant improvement in real estate investment since it provided a great middle ground for both buyers and developers. RERA provides buyers with all the necessary information they need to invest in a property, thereby reducing risks associated with real estate investments.
RERA mandates that all real estate projects must be registered with a Real Estate Regulatory Authority, making RERA registration vital in real estate.
For property buyers in Delhi, as well as the promoters/land owners/real estate marketers, it is important to understand the RERA registration process in order to ensure that the properties bought or sold are compliant with RERA guidelines. The act was introduced to protect the rights of homebuyers and promote transparency in the real estate industry.
In this article, we'll cover all you need to know about RERA registration, including the documents required for RERA registration, how to check your RERA status, and more.
What is RERA?
The Real Estate (Regulation and Development) Act, 2016 (RERA) is an act passed by the Indian parliament in May 2016. It aims to bring transparency and accountability to the real estate industry in India.
How to Register as a Real Estate agent at RERA Delhi?
To register as a real estate agent at RERA Delhi, you need to follow these steps:
Step 1:Visit the RERA Delhi official website (https://rera.delhi.gov.in/). Step 2: Click on the “Real Estate Agent Registration” link on the homepage. Step 3: Fill in the required details, including your personal information, contact details, and work experience. Step 4: Upload the necessary documents, including your PAN card, Aadhaar card, and address proof. Step 5: Pay the registration fee online. Step 6: Once your application is processed, you'll receive a registration number that you can use for all future transactions.
How to Register as a Promoter at Delhi RERA?
To register as a promoter at RERA Delhi, you need to follow these steps:
Step 1: Go to the RERA Delhi website. Step 2: Click on the "Promoter Registration" link on the homepage. Step 3: Fill in the required details, including your personal information, project details, and financial information. Step 4: Upload the necessary documents, including your PAN card, Aadhaar card, project details, and financial statement and pay the registration fee online. Step 5: Once your application is processed, you'll receive a registration number that you can use for all future transactions.
How to Register as a Buyer in Delhi RERA?
To register as a buyer at RERA Delhi, you need to follow these steps:
Step 1: Go to the official website of RERA Delhi. Step 2: Click on the "Registration" tab located at the top of the page. Step 3: You will be presented with three options: Projects (Application by Promoter), Real Estate Agent, and Buyer. Step 4: Select the "Buyer" option.
Documents Required for RERA Registration in Delhi
The documents required for RERA registration in Delhi vary depending on whether you're registering as a real estate agent or promoter. However, some of the essential documents include:
- PAN card
- Aadhaar card
- Address proof
- Project details (for promoters)
- Financial statements (for promoters)
How can I Check my RERA Status in Delhi?
Checking the RERA status of a property is crucial before making any real estate investment in Delhi. The RERA registration status of a project can be easily checked by visiting the RERA Delhi website. On the website, click on the "Project Registration" link on the homepage and enter the RERA registration number of the project you want to check. The website will display the details of the project, including the status of the RERA registration.
Alternatively, you can use the RERA project finder tool provided by PropReturns to check the RERA registration status of a property. This tool is simple and user-friendly, allowing you to search for properties based on various parameters such as location, project name, developer, etc. Once you enter the necessary details, the tool will display the RERA registration status of the project.
Delhi RERA Office Details
The Real Estate Regulatory Authority (RERA) Delhi is the regulatory body responsible for overseeing the real estate industry in Delhi. The office is located at:
Real Estate Regulatory Authority (RERA) Delhi Vikas Minar, ITO New Delhi - 110002 Contact details of RERA Delhi Phone: 011-2337 0025 Email: rera.delhi@nic.in
The RERA Delhi website is an excellent resource for all your queries related to RERA registration in Delhi. The website provides detailed information on the registration process, frequently asked questions, and the latest RERA news and updates.
Final Words
In conclusion, RERA Delhi registration is mandatory for all real estate agents and promoters in Delhi, as per the RERA Act. Buyers can also register on the website for added transparency and protection. To access the buyer registration page on the RERA Delhi website, go to the official website, click on the registration tab, and select the buyer option. Then, fill out the registration form with accurate information to complete the process.
