Rera
Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Delhi
Uttar Pradesh
Haryana
Gujarat
Bihar
Real Estate agent Renewal in
delhi
Starts at Rs. 10000 /-
(Takes 30 days)
Filing of Application for RERA Renewal
Secure RERA Number and Certificate
Dedicated manager to process your RERA Renewal end to end
Completely Online– No need to visit office
Want to renew your RERA Liscence ?
Overview
Real estate agents are the heart of real estate industry . They are the mediators facilitating transactions between builder and buyer . With RERA, that will soon come into force, all brokers will have to be mandatorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a Renewal number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him.
Real estate agents will also be penalized if they will falsely represent any information regarding project to buyers. Penalty will extend upto Rs 10,000 per day and maximum 5% of total project cost. Real estate agent is also required to keep books of accounts of the projects they are indulged in and are answerable for them.
Documents Required for Renewal
Commercial Rent Agreement or Ownership Proof
ITR for last 3 years
Old RERA Certificate
RERA Government Fees
| Particulars | Govt. Fees(in Rs.) |
|---|---|
| RERA Registration Govt Fees for Individual | 5,000 |
| RERA Registration Govt Fees for other than Individual | 25,000 |
Timeline for RERA Renewal
As per the act, the RERA certificate will be issued in 30 days by the RERA department. However, in some cases, it may come earlier or with some delay.
FAQ's on RERA Renewal
Ques 1: Does the Act cover both residential and commercial real estate?
Ans: The Act covers both residential and commercial real estate. Section 2(e) defines apartment and section 2(j) defines building which include both residential and commercial real estate.
Ques 2: At what stage can a promoter start to advertise his project for sale?
Ans: The promoter of a new project can advertise his project for sale after the project has been registered with the Regulatory Authority as provided in section 3(1).
Ques 3: What is the period of validity of registration granted to a real estate project by the Regulatory Authority?
Ans: As per section 4, the validity of the registration granted to a project shall be the period declared by the promoter under section 4(2)(l)(C), at the time of making the application for registration, within which he would complete the project.
Acts & Rules in delhi
| Real Estate Act, 2016 | Download PDF |
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