In an interactive session organised by CII-Delhi State Sub-Committee on Real Estate, Anand Kumar, Chairman, Delhi Real Estate Regulatory Authority (RERA), emphasised on the need of stronger scrutiny on projects defying RERA regulations. “Anybody who is into the real estate development sector whether it is a development authority like Delhi Development Authority (DDA), Delhi State Industrial and Infrastructure Development Corporation (DSIDC) or any other such organisation. If they are doing either plotted development or real estate projects, as per section 3, they must get registered with us,” Kumar has said at the event. Kumar also clarified on the recent amendment made in the Act regarding mandatory registration of the project. “It is now mandatory for builders to register projects with RERA where plot area exceeds 500 sq m, regardless of the number of units constructed on it. Similarly, irrespective of the plot size, if the number of units to be constructed on the plot is eight or more, it should get registered,” said Kumar. Appreciating RERA’s proactiveness, Amit Goyal, CEO, India Sotheby’s International Realty, has said, “I’m particularly excited that the current RERA team is proactive and fully committed to bringing in the much-needed reforms. It is critical that the clarification order issued in May 2022 on registration of every project on land parcels of above 500 sq m or 8 units, even if any of the conditions is met, is implemented and adopted by all developers working in Delhi’s real estate sector. This is a critical move to protect the consumer and end home buyer.” “We need a healthy mix of end buyers and investors to keep an asset class like real estate buoyant and upbeat,” added Goyal.