Application Fees For Registration by Real Estate Agent in RERA

 

Sr. No State / Union Territories Notification Status Fees in case of Individual Applicant other than Individual
1. Uttar Pradesh Notified Rs. 25,000 Rs. 2,50,000
2. Haryana As per draft notification Rs. 25,000 Rs. 2,50,000
3. Delhi(National Capital Territory of Delhi) Notified Rs. 10,000 Rs. 50,000
4. Maharashtra Notified Rs. 10,000 Rs. 1,00,000
5. Andhra Pradesh Notified
6. Arunachal Pradesh In Progress
7. Assam In Progress
8. Bihar Notified Rs. 10,000 Rs. 50,000
9. Chhattisgarh Notified Rs. 10,000 Rs. 50,000
10. Goa Rules Drafted (Not yet notified)
11. Gujarat Notified Rs. 25,000 Rs. 2,00,000
12. Himachal Pradesh In Progress
13. Jharkhand In Progress
14. Karnataka Notified Rs. 25,000 Rs. 2,00,000
15. Kerala Notified
16. Madhya Pradesh Notified Rs. 10,000 (For Individual & Sole Proprietor) Rs. 50,000 (For Company)
17. Manipur In Progress
18. Meghalaya In Progress
19. Mizoram In Progress
20. Nagaland In Progress
21. Odisha Notified
22. Punjab Notified Rs. 6,000 Rs. 25,000
23. Rajasthan Notified Rs. 10,000 (For Individual & Sole Proprietor) Rs. 50,000 (For Company)
24. Sikkim In Progress
25. Tamil Nadu Notified Rs. 25,000 Rs. 50,000
26. Telangana In Progress
27. Tripura In Progress
28. Uttarakhand Notified Rs. 25,000 Rs. 2,50,000
29. West Bengal Rules Drafted (Not yet notified) Rs. 25,000 Rs. 2,50,000
30. Andaman and Nicobar Islands Notified Rs. 10,000 Rs. 50,000
31. Chandigarh Notified Rs. 10,000 Rs. 50,000
32. Dadra and Nagar Haveli Notified Rs. 10,000 Rs. 50,000
33. Daman and Diu Notified Rs. 10,000 Rs. 50,000
34. Lakshadweep Notified Rs. 10,000 Rs. 50,000
35. Puducherry Notified Rs. 10,000 Rs. 50,000

 

 

Sr. No. Documents Required For Registration by Real Estate Agent
1. Authenticated copy PAN / Aadhar Card No. / DIN of Real Estate Agent / Partners / Directors, as the case may be.
2. Brief details of the enterprise including its name, registered address of the place of business, type of enterprise of proprietorship/societies/partnership /company, as the case may be.
3. Authenticated copy of Partnership Deed, Memorandum of Association, Articles of Association, Certificate of Incorporation, etc.
4. Photograph of a real estate agent /partners/ Directors
5. Income tax returns for last 3 financial years preceding the application or in case the applicant was exempted from filing returns in any of the 3 years preceding the application, a declaration to such effect.
6. Authenticated copy of the proof of address of the principal place of business, number of branch offices if any along with contact details including Telephone Numbers, Fax Numbers, and email address.
7. Details of all real estate projects and their promoters on whose behalf he has acted as a real estate agent in preceding 5 years
8. Details of all civil or criminal cases pending against the individual/directors/partners, etc.
9. Authenticated copies of all letterheads; rubber stamp images, acknowledgment receipts proposed to be used by the real estate agent.

 

Frequently Asked Questions

1. What is RERA?

RERA stands for Real Estate Regulation Act. It was enacted in 2016 by the Government of India, Ministry of Law and Justice (Legislative Department). It aims at protecting the interests of home buyers against builders and agents who were using unfair practices to exploit potential buyers. It mainly stipulates builders to register future and ongoing projects as well as gives guidelines for real estate agents to do RERA Agent registration and Promoters to do RERA Promoter Registration.

2. What is RERA Agent Registration?

Under regulations set by RERA 2016, All real estate agents who wish to facilitate the sale and purchase of property/ land/ proposed projects have to do RERA Agent Registration. Real estate agents include the likes of property dealers, brokers, middlemen etc. RERA registration is required if an agent wishes to advertise or invite to sell an apartment/plot in the proposed project

3. What is the eligibility for RERA Agent Registration?

To successfully accomplish RERA Agent Registration, an agent(dealer, broker, middleman) should have a RERA registered project which has ben deemed fit for advertisements or invitations to sell by RERA rules.

4. What is RERA Promoter Registration?

RERA Promoter Registration is basically  is a measure taken by the governement to improve the accountability of promoters(developers or builders) towards real estate property seekers. Promoters have to register themselves under RERA with an application to the respective RERA office. Along with the application, promoters have to disclose their personal details as well as details of projects launched in the past 5 years. The promoter has to maintain a ‘separate account’ for every project undertaken wherein 70 percent of the money received from the buyers shall be deposited

5. What is the eligibility for RERA Promoter Registration?

In order to execute a successful RERA Promoter Registration, A promoter should have a proposed plot of land either purchased or given appropriate permissions from owners to build a project on, details of the previous projects launched. In addition to this, promoters should  maintain a separate account in which 70% of the money received from buyers should be deposited

6. What is the eligibility for RERA Promoter Registration?

In order to execute a successful RERA Promoter Registration, A promoter should have a proposed plot of land either purchased or given appropriate permissions from owners to build a project on, details of the previous project launched. In addition to this, promoters should  maintain a separate account in which 70% of the money received from buyers should be deposited

7. Why is important to have RERA?

RERA has been implemented by the government to protect the interests of potential buyers of real estate. As consumers become aware of the regulations set for handling a real estate project, it is vital to have RERA registration for your proposed project. This will notify potential buyers that construction work is being handled within the rules and regulations set by RERA and that project maintains high standards for future buyers. 

8. What is the validity of RERA Registration?

RERA registration for Agent will be valid for 5 years (in most states) from date of issue. The license can be renewed again for a period of 5 years (in most states), by submitting a renewal application 60 days prior to the expiry date.

RERA Registration for Builders will expire on the date mentioned in the form as completion of the project.

9. What is the minimum size of the property to register for the promoter?

It is important to register every real estate project which has a land area of more than 500 sqmts or has more than 8 apartments needs to be registered