The chairman of Delhi-Real Estate Regulatory Authority (RERA), Anand Kumar, has made an important announcement regarding the registration of real estate projects in Delhi. He emphasized that all real estate projects, whether in planned or unplanned areas, fall under the purview of RERA and must be registered under the Act.
During a real estate conference organized by industry body Assocham in the capital, Chairman Anand Kumar highlighted a crucial regulation for real estate agents. He stated that real estate agents are prohibited from operating their businesses from residential addresses. Instead, it is now mandatory for them to maintain a commercial office, for which they must have paid property tax. This measure aims to enhance professionalism in the real estate agent sector and ensure better service to customers.
The chairman also underscored the significance of transparency and trust in the real estate sector. He called upon builders, developers, and collaborators to work in a transparent manner, adhering to rules and fulfilling promises made to customers. He expressed concern over certain developers’ reluctance to register with the Authority, stressing the importance of compliance with RERA regulations.
To safeguard the interests of prospective buyers, Chairman Anand Kumar advised the public to verify the registration status of any property being sold as ‘RERA registered’ on RERA’s official website. Furthermore, he cautioned against falling into traps set by projects operating outside the RERA framework, such as ‘land pooling’ and ‘farmhouse policy’ projects.
In a strong message to builders and developers, the chairman warned against spreading false narratives to sell properties without RERA registration. He emphasized that strict action will be taken against those who violate RERA guidelines, and no relaxation will be granted in this matter.
Finally, the chairman reiterated that plots exceeding 500 square meters and projects with more than eight units, including shops, flats, apartments, or commercial spaces, must be mandatorily registered under RERA. This ensures that larger projects are subject to regulatory scrutiny and comply with RERA’s stringent provisions.
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