The Delhi Real Estate Appellate Tribunal has issued a warning to RERA, asking the regulator to speed up the process of registering builders. According to the tribunal, delays in approvals are creating problems not just for developers but also for homebuyers waiting to invest in residential projects.
Under the Real Estate (Regulation and Development) Act, 2016, builders are required to register their projects with RERA before selling any units. The law clearly states that registration applications should be approved or rejected within 30 days. However, many developers in Delhi have reported waiting much longer, with some applications pending for months. This has slowed project launches and caused frustration in the market.
The tribunal also highlighted the concept of “deemed registration.” It said that if RERA does not take a decision within 30 days, the builder should automatically receive registration. After this, the regulator must provide the registration number and access credentials within seven days. This ensures that projects are not held up unnecessarily and developers can start marketing and selling units legally.
Delays in builder registration affect buyers directly. Without registration, developers cannot legally sell flats or apartments. Homebuyers may face problems in securing loans from banks, registering their property, or even planning their move-in. This makes it difficult for families and individuals who are waiting to buy homes, especially in high-demand areas of Delhi.
Industry experts say the tribunal’s direction is a step toward greater efficiency and transparency in the real estate market. By urging RERA to stick to statutory timelines, the tribunal is helping ensure that the rules are applied fairly and consistently. Faster approvals will not only benefit developers but also restore confidence among buyers who want to invest safely in residential projects.
The tribunal’s warning comes at a time when Delhi’s real estate sector is experiencing renewed demand after years of slow growth. Developers are eager to launch new projects, but bureaucratic delays in registration are holding back progress. If RERA follows the tribunal’s guidance, the process could become smoother, projects could start on time, and buyers would face fewer hurdles.
In the long run, timely registration will strengthen trust in the regulatory system, reduce unnecessary delays, and make the real estate market more predictable for everyone involved.
Source: TOI
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