Delhi RERA: a guide for builders in Delhi

The authority

Real Estate Regulatory Authority, NCT of Delhi (Delhi RERA). Official website.

What to know

• Projects need RERA registration before any advertising, booking or sale (Section 3); the Act exempts projects where the land is 500 sq m or less, or there are 8 apartments or fewer.
• 70% of money collected from allottees must sit in a separate bank account and be withdrawn only in proportion to construction progress, certified by an engineer, architect and chartered accountant (Section 4(2)(l)(D)).
• Promoters must update the project page on the RERA website every quarter with bookings and construction status (Section 11(1)).
• Real estate agents and channel partners must register with the authority before facilitating any sale (Section 9).

Related for Delhi

• Stamp duty and registration in Delhi
• CRM for builders in Delhi
• CRM for builders in Dwarka
• Real-estate glossary

Sources

1. Delhi RERA (official)
2. Revenue Department, Govt of NCT of Delhi (official)
3. Real Estate (Regulation and Development) Act, 2016 — India Code
4. ClearTax — Stamp duty and registration charges in Delhi
5. Tata Capital — Stamp duty in Delhi
6. BankBazaar — Stamp duty and registration charges in Delhi

RERA guides for other states