hyderabad while acknowledging rera as a step in the right direction realtors feel that the absence of a uniform licence fee structure is limiting the registration numbers in india as per rough estimates only about 32000 real estate consultants across india have registered under the real estate regulation and development act 2016 till date even though the community comprises close to 20 lakh membersit is an excellent move but the compliance rate is extremely poor because the policy is not very well thought out said ravi varma chairman national association of realtors narindia on the sidelines of its 11th convention in the city on saturday he focussed on wide gaps between fundamentals such as the registration fee that realtors need to shell out when compared to lawyers and chartered accountants while a lawyer has to pay only rs 1000 and a chartered accountant only rs 1700 to practice anywhere in the county we have to individually register with every state only to show a client around put together a realtor has to shell out up to rs 2 to rs 25 lakh only as registration charge varma said rooting for a one nation one licence policy to encourage higher compliance real estate consultants also stressed the need for popularising and educating more people about the new act to increase the count of licenced realtors the other concern steep gst rate our brokerage is charged at 18 gst so on a transaction of rs 5 lakh a customer is expected to pat an additional rs 90000 as tax as most people arent comfortable with this we often have to pay it out of our pocket said new delhibased realtor tarun bhatia the presidentelect of narindia said that the community is trying to approach the finance ministry to revise this rate as it could otherwise hurt the economy because of the high rate people often offer to pay gst in cash thats illegal and does no good to the countrys financial health bhatia added reiterating the same concern regarding gst and its impact on real estate pradeep joe president of the confederation of real estate associates india said that the gst should ideally be fixed at 4 to 5 small changes we are all for regulations but these small revisions will go a long way in making the sector more organised and professional joe said