summary of the Delhi RERA directions under the RERA Act, 2016:
- Promoters must upload quarterly project updates and ensure the project status (Completed/Ongoing) is accurate.
- Promoters are required to disclose their 70% escrow bank account details as per Section 4(2)(I)(D).
- Real estate agents must register with RERA and can only deal with registered projects.
- Non-compliance may result in financial penalties, cancellation of registration, or blacklisting.
