In this article, I will share how to get a real estate license in India with all the documents you need to submit to apply only with just a few thousand rupees fees. I will also share the price of the real estate license in every Indian state. So that you can apply online today.
RERA said if you are dealing in properties, it’s mandatory to get a real estate license. In this article, we will know how to get real estate license in India, which website to visit, the registration fees, and the time it will take to get a property license as an agent, investor, or developer.
Table of Contents
- How to Get Real Estate License in India?
- A Research Made by RERA
- What is RERA?
- Documents Required for Real Estate License in India
- Real Estate License Fees in Every Indian State
- How much time does it take for the License?
- Do I need to give an exam for the License?
- Be Aware of Licensing Frauds
- Before Applying for a Real Estate License
- Last Words
How to Get Real Estate License in India?
You can apply for a license online or offline. The online process is easy, and it takes much less time than offline. You can visit the RERA website and apply via your state’s official website by filling up the form and paying the fees with the documents.
A Research Made by RERA
There are more than 52,000 licensed agents in India, and a total no of 67,000 buildings is registered on the RERA website by the developers. And all these numbers are increasing day by day by 10% – 15% annually.
After the launch of exp realty, a cloud-based real estate company for agents, registration for new licenses skyrocketed. They are making good processes in India and all over the world.
What is RERA?
RERA (Real Estate Regulatory Authority) is an act induced in 2016 to protect the interest of home buyers, to save them from various kinds of property frauds. As in the stock market, there is SEBI for your protection. In the real estate sector, we have RERA.
After the Act in 2016, the real estate market was going downwards. Because there are a lot of restrictions and people are not able to co-operate with it. Plus, demonetization crashed the market totally.
But now, the market is getting momentum after the lockdown. People are buying properties peacefully. They know if something happens, RERA will protect them. They are motivated now to buy a house. That’s what RERA did. The confidence of home buyers has gone up exceptionally.
Documents Required for Real Estate License in India
Whether you register online or offline, you need to submit these documents to get approval. And those are:
- Pan card
- Address proof
- Registration fees
The registration fee varies a lot from state to state. It’s ₹10,000 – ₹25,000 for a single agent. For a business, it’s ₹50,000 – ₹250,000, depending on the state’s laws and regulations.
Real Estate License Fees in Every Indian State
Let me tell you, if you take a real estate license from Utter Pradesh (UP), you can not deal in Haryana. You have to take a separate real estate license from the Haryana state government. The same thing applies in different states too.
So, here are the lists. All these numbers may change in the future. Visit your state website to know more. To find out your state’s website, type in search “RERA registration website official.” You will have it.
|Indian States||Agent Fees||Company Fees|
Visit your state website and apply with the necessary documents. For example, in Delhi, the website is “rera.delhi.gov.in.” When you sign up, they will send you an activation link in your email. From there, you can fill-up the form and submit it.
It is the basic process to apply for a real estate license in India. The process is almost the same in every state. Just visit your state’s website and apply.
How much time does it take for the License?
They say it will take up to 6 months to prepare the license. They will deliver this via postal service to your address. But, you have to renew it every five years with some basic renewal fees. Otherwise, it will become illegal to deal in property.
Do I need to give an exam for the License?
In India, the exam is not mandatory. But in some states, you may have to give the exam. It depends on the state government. In other countries, the pass mark is 60.
You have to follow only five steps to get the license:
- Sign up on the website (activation link)
- Fill out the application form
- Pay the fees
- Get approved
- Start your business
Be Aware of Licensing Frauds
There are a lot of companies out there that will help you get the license with some extra fees. Some are good, but all. Some people will try to fraud you. You must be aware of them.
Only follow those who have proven their work. I think you should apply by yourself, or you can ask an agent to apply for you offline. That is the best way to avoid these frauds.
Before Applying for a Real Estate License
There are some points you must consider before applying for a license.
- You can not deal in properties with a single license in the whole country. You must have a separate license for every state. For example, if you have a real estate license from Maharashtra and you want to deal in Punjab, you can’t. You must get a license from the Punjab government, and then you are allowed to buy and sell whatever you want.
In every state, the rules are a little different. You must have a license to deal in that particular state. That is the law you must follow if you want to stay away from disputes.
Don’t start dealing in properties without a proper real estate license in India. The Government will fine you huge money or through you in jail. It is a legal matter. Never mess it up. In which country you live, prepare your license first and then start dealing in real estate. Good luck.