The Real Estate Regulatory Authority (RERA), Delhi on June 01, 2023, published The National Capital Territory of Delhi Real Estate (Regulation & Development) (Real Estate Agent) Guidelines, 2023
These Guidelines are meant to establish procedures to allow changes in any detail of the Real Estate Agent after the issue of the Registration Certificate, re-validate the period of registration due to extension of lease of premises or renewal of registration after the expiry of the period of registration on completion of five years and prescribe a fee for such purposes.
These guidelines shall come into force on June 01, 2023
The following has been stated namely: -
• It states that the registration granted by the Authority can be re-validated up to five years from the date of registration, on an application made by the real estate agent along with the proof of extension of lease of business premises, to be made one month before the expiry of the validity of the registration certificate with the processing fee of Rs. 1000/- in case the Real Estate Agent is an individual. In all other cases, applications for re-validation can be made with a processing fee of Rs. 5000/-
• It states that the real estate agents who fail to apply before 15 days from the last date of validity of registration or revalidation, shall have to make a fresh application in Form G for fresh registration with the requisite fee
• The Authority shall consider late applications made for revalidation before the expiry of the validity of registration on payment of an extra late fee of Rs. 1000/- (Rupees One Thousand only) in case of individuals and Rs. 2000/- in all other cases.
• It states that for renewal beyond five years, the application shall be made as per the provisions of the Act and Rules made thereunder. The Authority may consider late applications for renewal before the expiry of the validity of registration on payment of a late fee.
•I t states that The real estate agents who fail to apply before 15 days from the last date of validity of registration or revalidation, shall have to make a fresh application in Form „G‟ for fresh registration with the requisite fee.
• It states that in case any doubt arises as to the interpretation of these Guidelines, the decision of the Authority shall be final and binding on all concerned.
[Notification No. RERA/DELHI/Guidelines/3/2023]
